Research On Comprehensive Budget Management Model Of FS Petrochemical Company

In recent years,economy of China has developed rapidly and its marketization has became increasingly evident.Facing fierce competition,enterprises need to improve their management and development capabilities eagerly.Among them,budget management has become the focus of widespread concern.Under the guidance of relevant policies,enterprises led by state-owned enterprises have implemented comprehensive budget management in order to optimize resource allocation,coordinate business activities,achieve effective monitoring and evaluation,and enhance core competitiveness.As a state-owned enterprise with long-term development history and mature operating capabilities,FS petrochemical companies have used comprehensive budget management earlier as a means to tap potential,increase efficiency,reduce costs and increase income.However,in the actual application process,many problems such as unclear mechanism design and repeated budget slackness have severely limited the effectiveness of FS petrochemical company's overall budget management.In light of this,based on the Balanced Scorecard and strategic maps,it is extremely urgent to re-establish a “new” overall budget management model strategically.This article takes the FS petrochemical company as the research object,strives to carry out a comprehensive budget management model based on the company's strategic objectives,and explores new ways for company budget management.The article can be mainly divided into seven parts.First of all,it mainly describes the reasons for choosing the FS petrochemical company's overall budget management model and system as the research direction,studying the practical significance of this issue to FS petrochemical companies,and the research status at home and abroad.The second part is about the definition of comprehensive budget management,the role and significance of carrying out comprehensive budget management on the improvement of the management level of enterprises,and the comparison of the methods of budget preparation and selection among various types of enterprises.The third part introduces the status quo and existing problems of FS petrochemical companies implementing comprehensive budget management.The fourth part proposes the establishment of FS petrochemical company's strategy-oriented comprehensive budget management model for existing problems.This model is based on the principle of focusing on the management of performance motivation indicators and continuous improvement of performance,and highly values the consistency with strategic objectives.Based on the introduction of balanced scorecards and strategic maps,the FS petrochemical company's overall budget management model is specifically "through the profound analysis of the internal and external environment of the company and its own strengths and weaknesses,and formulate five-year and three-year development plans and annual business objectives respectively;The two theoretical researches introduced are based on the reality of the FS petrochemical company and are implemented in the entire process of budget management;the budget is prepared according to the management process;the budget is controlled and controlled;the budget is assessed according to different assessment systems;and the performance completion is analyzed.After the completion of the one-cycle budget management,it will directly enter the next cycle.The fifth part describes the practical application effect of the comprehensive budget management model based on the relevant data of the FS petrochemical company.The sixth part aims to further improve the FS petrochemical company's strategic goal-based The company's comprehensive budget management model puts forward relevant recommendations.To continuously optimize the strategy-oriented comprehensive budget management model,FS Petrochemical Company shall continuously improve the strategy-oriented comprehensive budget management concept;improve the corporate budget indicator system and achieve a diversified budget preparation method Strengthen the internal business Information communication and feedback;gradually realize the informationization of comprehensive budget management.The seventh part is the conclusion and prospect.This part draws conclusions based on the comprehensive description of the full text,and briefly describes the problems existing in the research process.We expressed optimistic views on the deepening of the application of comprehensive budget management in FS petrochemical companies and the possible effects.The results show that the strategy-oriented comprehensive budget management model has effectively optimized the traditional full-scale budget management of FS petrochemical companies.The new model makes its objectives clearer,indicators more clear,processes smoother,and information transfer more convenient.Undoubtedly,the combination of strategy and comprehensive budget management will certainly become one of the trends of future management development.