Case Study On A Company Comprehensive Budget Management

With the convening of the Third Plenary Session of the eighth, and the new government policy and gradual market opening, the monopoly of state-owned enterprises increasingly threatened, since the implementation of a comprehensive budget management of state-owned enterprises, has not played its proper role, especially in the manufacturing business, its fertile soil makes the overall budget management play, but useless in practice. Given the objective to gradually harsh environment, in order to make use of state-owned enterprises more flexibility in properly, from the basic theory to sort out a comprehensive budget management, comprehensive budget management process from the preparation, implementation, monitoring and evaluation of the four aspects of a comprehensive budget management operation were studied.Studies made in the preparation of the overall budget process, the collaborative budgeting in state-owned enterprises to fully assess budget management processes, poor attention to the state-owned enterprise process management problems; state-owned enterprises in the process of implementation of the budget, to be accountable, but it is clear; in budget monitoring process in state-owned enterprises, to effectively comply with the principle of "separation of incompatible duties", otherwise easy to cover up the problem, it is difficult to produce specific monitoring results; budget of state-owned enterprises in the process of assessment, we should pay attention to weight proportional division, set up a special department under the jurisdiction of the assessment or the assessment team responsible for the assessment results submitted for approval before implementation.In this paper, the selected A company faced budgeting process is not complete, the lack of preparation of the budget financing and investment budget, the budget implementation process of the lack of full participation, the rule is not comprehensive system of budget execution, budget monitoring no independent budget monitoring group, the trial is weak, the lack of control on the secondary financial accounting, budget monitoring results of each assessment is not ideal proportion, performance-oriented assessment is likely to cause short-term behavior and other issues, the preparation of the budget for the above Company A, implementation, monitoring and evaluation in four areas specific issues, from four aspects were perfect, the proposed budget for Company A re-planning processes, lack of budget to compensate, to make up for missing a particular budget management system, full participation in the system are clear, the establishment of the new budget monitoring group, while focusing on the secondary monitor financial monitoring, re-set the proportion in the assessment of the results of monitoring, and to extend the evaluation period to improve the company’s a comprehensive budget management.