Research On Enterprise Budget Management Based On Time Series Model

With economy development, budget management has become the whole process systemthroughout the enterprise planning, control, coordination, motivation. Budget managementplay an important role in enterprises. It can help enterprises to achieve corporate strategicobjectives, optimize resource allocation and control of enterprise costs. In the other hand,budget management can increase profitability and enhance the competitiveness of enterprises.Nevertheless, because of budget management application later in our country, the traditionalbudget management is facing serious challenges. Budget targets lack scientific, and budgetingmethods lack adaptability. Budget control has not operability, and budget evaluation methodsare unreasonable. Therefore, it is necessary to optimize the process of enterprise budgetmanagement, to solve the problems existing in the budget management at present. Reasonablesuggestions for enterprise budget management have important practical significance.In order to solve the budget management dilemma, in this paper, we use time seriesmodel to optimize enterprise budget management. Budgeting is the basis for budgetmanagement. Currently, the complex factors affecting budgeting, and it has a high change rate.So it is difficult to make accurate predictions for budget. Time series model is good atpredicting dynamic data. According to the regular of budget data, choosing the appropriatetime series model can improve the accuracy of forecasts largely. Improving of budgetingaccuracy can lay a solid foundation for the budget management. Meanwhile, budget control isthe key to budget management. From a quantitative point of view we use control charts toimprove budgetary control. This method can improve the operability of budgetary control andtimeliness. It can help to play a supervisory role in budgetary control and to ensure therealization of budget targets. In addition, the article studies the budget target, budget analysisand budget evaluation. Finally, the article describes the application of an improved method ofbudget management theory in China Southern Airlines.