Comprehensive Budget Management Research In IDEAL LLC

Budget management, its function has changed from the original planning, coordinateproduction development to the present control, motivation, analysis, evaluation, and otherfunctions of an operating mechanism. As comprehensive budget management is theeffective means to enterprise control, under the guidance of corporate strategic planning,through the budget establishment, execution, control, evaluation and incentive and so on aseries of management activities, it can comprehensively improve enterprise managementlevel and management efficiency.In preface, it introduces the comprehensive budget management research background,purpose and significance, shows the effective implementation of the comprehensive budgetmanagement can improve enterprise’s strategic management ability, can effective monitorand control the production and business operation activities, can efficient use the enterpriseresources, can effectively reduce the management risk, and can increase revenue and savecost. The second chapter briefly introduces the concept of comprehensive budgetmanagement and the basic theory, expounds the basic functions, the pattern, theestablishment method and content of comprehensive budget management; Analyzes therelated theories, including the incentive theory, control theory, principal-agent theory etc.;And has carried on the analysis about the concept of comprehensive budget management,analyzed the relationship between with the corporate strategy, corporate governance andfinancial management. For the third chapter, author selects the worked company IDEAL asan example, carries on the concrete analysis of the current situation, existing problems andthe necessity of the implementation of comprehensive budget management. First of all,briefly introduces the basic situation of company, then focuses on the specifically analysis of the present situation of the company’s budget management, including budgetingschedule and budget compilation process, the basic content of budget target setting, budgetresponsibility division of labor, the budget execution program and the analysis of thebudget process. And then analyzes the existing problems in the company’s budgetmanagement and the necessity of the implementation of comprehensive budgetmanagement. The fourth chapter is the construction of a comprehensive budgetmanagement system for IDEAL company, including improving the comprehensive budgetorganization system, standard of comprehensive budget establishment method, strengthenthe comprehensive budget control process, make the comprehensive budget adjustmentprinciple, implements the comprehensive budget examination system. The fifth chapteranalyzes the guarantee measures of implement comprehensive budget management,including strengthening the comprehensive budget management with corporate strategy, tostrengthen the construction of information, and improve the procedure of productionmanagement and quality management, improve the executive incentive mechanism,control the reasonable employee turnover rate. The end of the thesis introduces theresearch conclusion and insufficiency.The innovative and unique feature for this thesis is that author uses the many yearsworking experience of financial management in multinational manufacturing companies,especially many years of actual experience about enterprise budget management, with themethod of theory with practice, Based on the overall research of the comprehensive budgetmanagement of IDEAL company, makes the constructive suggestions. Hope to be able toreference to the comprehensive budget management of peer enterprises.