Research On Optimizing The Budget Management System Of Y Hotel Company

In 2010,the State owned Assets Supervision and Administration Commission proposed to incorporate economic value added into the performance evaluation system of central enterprises.Since then,the business philosophy of enterprises has gradually shifted from accounting profit orientation to value orientation.EVA,also known as Economic Value Added,is a new management concept whose goal is not only limited to corporate accounting profits,but also to consider the cost of capital.Such management is conducive to promoting long-term sustainable development of enterprises.Afterwards,with the advent of the information age and rapid economic development,traditional budget management models gradually became unable to adapt to the rapidly changing internal and external business environment and market situation due to their long preparation cycles.Therefore,the concept of dynamic budget management began to enter the perspective of enterprises,and dynamic budgeting can improve the shortcomings of traditional budget flexibility.Budget management is an important management tool for modern enterprises.As a subordinate unit of universities,school run enterprises are limited by the administrative management of universities and generally follow the traditional budget management model adopted by universities.Although traditional budget management models can effectively prevent risks,there are also issues of not considering capital costs and a lack of flexibility in budgeting.This article analyzes the relevant theories of EVAand dynamic budgeting,and combines them with the current budget management situation of school run Y company.It proposes to build a dynamic budget management system based on EVAto solve the problems of Y company’s existing budget management mode.The new budget system incorporates both EVAindicators and dynamic budgeting concepts,and increases the consideration of value growth and budget flexibility on the basis of only considering accounting profits.This article first discusses the research background,purpose,significance,and other aspects;Secondly,the concepts and related theories of EVA and dynamic budget management were analyzed,and the current research status at home and abroad was comprehensively reviewed;Thirdly,it introduces the current budget management status of the school run Y company and analyzes the practical problems in the budget management model currently adopted by Y company;Fourthly,based on the theories of EVAand dynamic budget management,combined with the current situation of school run Y company,a dynamic budget management system based on EVAis proposed to solve the problems in Y company’s existing budget management mode.Taking 2022 data as an example,the relevant budget system is constructed from five aspects: budget objectives,budget organization,budget preparation,budget execution,and budget evaluation;Fifthly,various security measures have been proposed,including institutional and cultural construction,information system protection,and support from higher-level units;Finally,a summary of the entire article is provided and the shortcomings of the research are pointed out.