The Practice Of The Comprehensive Budget Management In Multinational Corporation-AAY

Comprehensive budget management is a major method and effective tool for internal management and control of an enterprise.This is the most operational basic system which is directly connected with different business activities of the company by configuring internal resources and internal and external development environment,concentrating the concept of humanization,overall systematization,and strategic theory.It is a scientific and effective modern management and management model for the full-system management of future business development of enterprises.By means of full integration of financing,business,information,human resources&clear,reasonable moderate decentralization,authorization and strategy driven performance evaluation etc.,it realizes the rational allocation of resources,highly collaborative assignment,effective implementation for strategy,continuous improvement&key goal to raise value steadily.Since the development of budget management in the 20th century,the subject of "Comprehensive Budget Management" has gradually matured and improved through the frequent practice,summary,verification and correction.Various budget theories have also emerged in the meantime.The application of comprehensive budget in practice is also different.It has a long history applied in multinational enterprises especially the effect.In this paper,on the basis of summarizing the comprehensive budget management theory,further elaborated the strategy and control under the implication of the budget and the strengthening of internal control function of budget,key outlines the characteristics of the multinational company operational and strategic and budget control.By deep analysis of AAY company’s situation,it has analyzed the AAY company’s advantages and disadvantages of the current existing budget management,aiming at disclosing the flaws of the existing mechanisms and the loopholes in management and puts forward some suggestions and ideas such as optimizing the budget control system in order to import the daily operation and management in the ERP system;creating cost center,more refined cost responsibility system;analyzing to introduce the "Balanced Score card" to AAY as the necessity of the budget management system and further optimizing existing key performance indicators to closely tie to the bonuses mechanism.After rebuilding budget system,the internal resources can be greatly optimized,the long-term competitive advantage can be improved,strategic control can be promoted,and more value can be created.Ultimately,the goal to achieve the healthy and sustainable development can be realized.The innovation of this paper is that the comprehensive budget is the core tool and the landing password of the company’s strategy and internal control.This paper sums up the practical characteristics of the comprehensive budget in multinational corporations and highlights some disadvantages and puts forward the solutions.