Research On Comprehensive Budget Management Of Railway Enterprises Under The Integration Of Business And Finance

In order to respond to the national policy call and the continuous growth of railway freight volume demand,railway enterprises should deepen the financial reform positively and strengthen the financial fine management to meet the business transformation needs and improve the railway efficiency.Among them,budget management,as an important content and effective means of management accounting innovation,has received widespread attention from scholars and practitioners.The integration of business and finance(IBF)is an important means to promote the economic transformation and refined management of enterprises.It is necessary and feasible to embed IBF in budget management.Because it can effectively improve the lack of communication between business and finance and the asymmetry of information in the existing budget management work of railway enterprises.And then it can improve the effect of budget management.However,the current research of domestic and foreign scholars mainly starts from a single perspective,that is,analyzing the necessity of implementing IBF in a certain enterprise’s budget management work or putting forward budget management optimization suggestions.Previous studies lacked the definition of the meaning of IBF,the implementation target and the implementation path,and the detailed description of the implementation process of embedding IBF into budget management.Therefore,this article takes railway enterprises as the research object.And on the basis of sharing the research status,combined with the theory of comprehensive budget management theory,social cognition theory and boundary penetration theory,this article systematically researches the comprehensive budget management of railway enterprises.The main research contents are as follows:(1)Analyze the deficiencies and reasons of the budget management of railway enterprises.(2)Clarify the definition and implementation mechanism of IBF.(3)Analyze the path for railway enterprises to embedding IBF into comprehensive budget management.(4)Evaluate the effect of integrating IBF into the comprehensive budget management system.Through research,this article draws the following conclusions.First,this article finds that the limitations of organizational structure and information technology,the lack of knowledge of IBF,and the barriers of business-financial organization boundaries are important reasons that cause the budget management effects of railway enterprises to fail to meet expectations.Second,this article establishes a three-stage model for the implementation of comprehensive budget management in the context of lack of finance and business integration awareness,that is,"generating industry-financial integration awareness-designing implementation mechanism of IBF-embedded budget management".Thirdly,this article proposes that IBF is a financial management model that can achieve two-way information exchange and resource penetration based on the two-way drive of business and finance while maintaining independence of business and finance under the guidance of corporate strategy.Fourth,this paper designs the implementation mechanism of IBF.While maintaining the autonomy of independent financial activities and supporting business activities,it promotes the resource penetration and financial control of basic financial activities and basic business activities with the model of "financial sharing + business-financial consistency".Fifth,practical applications show that embedding IBF into budget management can improve the business relevance of budget management and the effect of budget control.