XX Energy Group Inc. Based On Balanced Scorecard Comprehensive Budget Management Research

The premise of an enterprise's success is to formulate excellent strategic goals and strategic planning,and budget management is a major form of modern enterprise's formulation of goals and plans.As budget management can help companies manage their finances,many enterprises in China have implemented budget management at this stage.However,many problems have also been encountered during the course of practice,such as the inconsistency of the budget and strategy,the inadequacy of budgetary supervision,the simplification of budgetary forms,and the poor performance of budget assessments.In order to solve these existing problems in a timely and effective manner,and further improve the function of budget management,the theoretical circle continues to conduct research.Many scholars have found that the balance between scorecards and budget management is relatively closed.Vanke,China Resources and other companies are early adopters of this management philosophy.These companies have used the Balanced Scorecard's budget management method to manage the company,and have achieved good results.It is a fusion of budget management and balanced scorecards.The advantages have been well proven.Today,the Shanxi coal industry is undergoing an important period of transformation and development.Based on this,this paper combines the status quo of comprehensive budget management of XX Energy Group,and analyzes the necessity and feasibility of introducing a balanced score card into XX Energy Group's comprehensive budget management.To build a comprehensive budget management system based on the balanced scorecard of XX Energy Group.This article first elaborated the research background and research significance,and reviewed and commented on the domestic and international research situation of Balanced Scorecard and budget management;then it introduced the current situation of implementation of comprehensive budget management by XX Energy Group Corporation,focusing on the analysis of this In the process,the XX Energy Group Corporation's lack of a sound budget corporate strategy framework,unsound organizational structure,unreasonable budgeting,poor budget execution,and one-sided budget assessment indicators,etc.,proposed the establishment of a comprehensive budget based on balanced scorecards.The management system establishes a comprehensive budget management system through the establishment of organizational structures,clearing and decomposing strategic targets of XX Energy Group Corporation,establishing comprehensive budget indicators,comprehensive budget preparation,overall budget execution,overall budget adjustment andcomprehensive budget assessment;Review the full text of the research content,draw conclusions and explain the lack of research.