Research On Financial Budget Management Of X Company Branches

In the past 10 years, with the rapid development of economy and urbanization, the elevator industry in China is experiencing a rapid development period. With the increasing competition of the elevator industry, the integration and capital operation of large elevator enterprises are becoming more and more frequent, In such situation, the budget management of the enterprise’s strategic support and resource allocation of resources is more important.As a kind of relatively mature, the financial budget management plays an important role in the development of modern industrial and commercial enterprises. It is a kind of management tool, which is a combination of control, encouragement and evaluation. It is an important method of enterprise internal management control. But at present, not so much enterprises used this tool effectively in the basic business unit. So there is always have some uncomfortable variance between business unit budget and company’s overall budget.The beginning of this article introduces the theory of budget management. After the researching of X company’s management process provide some suggestions about:budget variance control, budget flexibility improvement, budget monitoring and adjustment, budget assessment. Suggest to use EVA assessment method in the budget management process.This discussion can give some guidance to X Company for budget management. It makes the budget management process more efficiency. The new assessment method helps to achieve the long-term goal with the support from branch budget management.