The Research On Financial Budget Of Z Garment Company

The financial budget of the enterprise is based on the forecast of the future,combined with the strategic objectives of the enterprise,and specifically arranges a series of business activities such as capital operation,income and expenditure for a period of time in the enterprise,reflecting the business results and financial status of the enterprise in a certain period in the future.The general term for a budget.An effective and reasonable financial budget can not only make the company's decision-making more in line with the needs of the strategy,but also achieve the effect of communication,coordination and rational allocation of resources.The financial budget is also called the total budget because it can collectively reflect the results of the capital budget and business budget of the company over time.The financial budget includes a cash budget,an estimated income statement,and an estimated balance sheet.Z clothing company is a large-scale clothing retail enterprise.After more than 20 years of growth,Z clothing company has become a professional clothing brand company integrating design,production and sales.Now there are more than 500self-operated companies in China.Shops and franchisees.Z clothing company began to implement budget management in 2002,and the implementation of budget management has made the internal control of the company always in a stable state.The company's inventory control is better,and there is no cash problem.In recent years,with the continuous development of network technology,the rise of e-commerce and the increasing penetration rate of online shopping,the competitive pressure of physical stores is growing.The financial budget management of traditional clothing enterprises has some incompatibility and mismatch with the ever-changing market.This paper analyzes the current situation of budget management of Z company,and finds out the unreasonable places in the financial budget management of Z company.For example,the budget management organization of the enterprise is not perfect,and the budget assessment mechanism and budget information system are lacking.Combined with the analysis of the sales revenue budget,cost and expense budget and profit budget in the 2016 financial budget of the company,and the analysis of the budget difference,it is not optimistic to see the budget execution of the enterprise,and the number of executions and the budget have a larger The difference.Then,based on the analyzed problems,the reasons for the problems can be summarized,which can be summarized as the analysis of the company's budgeting method is too single,the budget objectives are irrational and the lack of reasonable differences.Finally,according to the main problems and reasons of Z company in financial budget management,the problems existing in the enterprise are optimized.The optimization suggestions mainly include the enterprise budget management system,the budget preparation process,the budget execution and control process,and the budget assessment system.Starting with the five aspects of budget information construction,it proposes targeted recommendations for case enterprises.The specific recommendations include improving the budget management system,adopting the flexible budget method and the zero-based budget method,setting up a budget adjustment mechanism,and setting up a budget buffer.It is hoped that through the analysis of this paper,the budget management process of Z company can be standardized and rationalized,and the budget management level can be improved,so that budget management can fully play its due function.