Research On Strategic Direction Budget Management Of L Company Based On Balanced Scorecard

Budget management in the 21 st century as a management means to enter the stage of development by leaps and bounds,the budget management is to achieve the business objectives of the enterprise,the forecast period of operating activities,investing activities and financing activities,by means of budget reasonable plan,measure,report and analysis,to monitor the execution of the budget at the same time,the result of the execution of the budget evaluation and feedback,to form a closed loop integrated management activities in all aspects.But in the process of budget management implementation,there is a lot of shortage,budget and strategic disjointed,budget index is too single,budget management is not fully consider the growth of enterprises,budget organization setup is not reasonable.In order to solve the budget management in shortage,many scholars began to introduce strategic budget management theory,around the enterprise’s strategy,using the four dimensions of balanced scorecard budget index set method,based on the complementary advantages and disadvantages of the balanced scorecard and budget management,further improve the efficiency of enterprisesThis article takes a multi-industry electric power group company of L as the research object,and optimizes its budget management based on the strategic budget management method based on the balanced scorecard.This article first elaborates the purpose and significance of this research,takes the development of budget management as the main line,reviews relevant theoretical researches at home and abroad,and focuses on the theory of strategic budget and the strategy implementation tool of Balanced Scorecard.Secondly,it introduced the current status of implementation of budget management in L company,analyzed the existing problems in its current situation,and introduced a balanced scorecard as a strategic implementation tool to decompose the strategic objectives of L company and assist L company in establishing a balance-based plan.The strategic budget management model of the sub-cards,and finally put forward the implementation plan and safeguard measures of the strategic budget management model based on the balanced scorecard.At the end of the article,I also reviewed the full text and pointed out the shortcomings of this study.This article attempts to provide suggestions for the development of budget management for L company through a case study of L company and a strategic budget management model based on balanced scorecards.It also hopes to provide some references for companies that are implementing budget management.This article is only based on the theory of balanced budget scorecard management strategy for the L company’s budget management optimization proposed general ideas and solutions,but the details of the implementation of the part needs further improvement.