On the budget implementation process in the group companies of the financial management issues

Paper Keywords: Budget Financial Management Group business issues
Abstract: Group of companies in order to ensure the budget is to achieve strategic objectives and the implementation of a means of control, it can effectively help the Group member companies to manage and control the implementation of this enterprise from the group problems in budget management to start, put forward countermeasures to improve the effectiveness of budget implementation, to ensure that the Group's budget goals.


Enterprise's budget is the company's various economic activities in monetary forms, and it refers to a period of time the company's future operations, capital, financial and other aspects of the income, expenses, cash flow of the overall plan. Conglomerate is equity (capital) as a link, through a variety of interests, the number of business units linked together to form a strategic objective with the same multi-level structure of the economic union. With the further development of market economy, enterprises continue to grow our group strengthen the Group's budget implementation can be seen as members of the enterprises, the integration of the various interests within the enterprise, but also the Group's headquarters to ensure the realization of strategic objectives and financial control of the member companies. it through the management and coordination, the group various management levels of the target together, by planning the future direction of development, the group integration and optimization of resources, improve the efficiency of resource use.

First, the group companies to implement budget management problems
1, the budget execution management system is imperfect
At present, China's budgetary control group companies mainly after the control mechanism of advance is not something to control an effect, the group's budget system is imperfect in the implementation process, control over the budget is often limited to the overall profit plan, and not the target layer layers break down into individual member enterprises, member enterprises of the budget implementation of the lack of adequate management, control, saying the budget is not conducive to correct the deviation, is not conducive to master the various members of the company headquarters, members of various departments within the enterprise distribution of benefits among relationship, reducing the accuracy of the budget and authority. In addition, the budget presentation, often based on past activities and indicators to estimate, without taking into account the Group's future development, market trends, so that the budget lacks the necessary objectivity the budget has not achieved, or no emergency-response plan, there is no time to make adjustments, or you have to make major changes affecting the Group's overall operating efficiency.

2, preparation of budget execution and implementation level is not high
Enterprise budget management as the basis for cost estimates based on the line to guide the behavior of the internal implementation of all cost estimates and implementation, so the budget of science, rationality and integrity of management is to ensure effective implementation of cost estimates based content. However, the cost of budget management in the enterprise work, must ensure all operational activities and business practices are in accordance with the orderly conduct of budgeting, the implementation of the budget preparation and implementation work can be said to be a key factor, but the majority of our business in the current budgeting execution and implementation of the work does not have a relatively mature and robust regulatory system, budget preparation and execution of a certain extent in terms of implementation, with considerable arbitrariness. during the budget implementation process, lack of funds the necessary credentials, accounting for budget execution does not work in a timely manner, coupled with the internal management of the budget for the lack of appropriate supervision and audit, which related to the internal business of corrupt officers and accountants to provide the possibility of fraud, and then resulting in budget execution and implementation of the generally low level of business efficiency of budgetary funds is relatively low, the loss of assets is relatively serious.

3, loose Financial Management
Often determine the level of enterprise funds management business of survival. The face of increasingly fierce market competition, enterprises are faced with complex and changing environment to survive, by improving the management level of enterprise funds, can reasonably control operational risk, improve overall efficiency in the use of funds, so that the enterprise itself can be developed when the business group to a certain level, prone to the phenomenon of loose Financial Management, mainly: First, ignore the overall efficiency of capital the Group Headquarters of the Group funds need to focus on management, but the status quo is a lot of enterprise groups allocation and use of funds clear lack of a unified planning, resulting in multi-level corporate finance group and a large number of scattered idle, the prevalence of the phenomenon of multiple accounts opened by each subsidiary investment decisions with randomness and blindness, often regardless of the overall development of the Group The simple pursuit of self-interest, can easily lead to investment mistakes, causing heavy losses, low utilization of funds, which has become a Financial Management one of the most prominent, while the allocation of funds within the group imbalance, causing unnecessary waste of money. Second, the supervision of the funds due to financial constraints within the group mechanisms are inadequate, the lack of effective financial control measures, the headquarters of the members of the group companies can not effectively monitor and regulate money, the quality of funds and lack of adequate health information, easy to form and fund illegal operations corruption, bring to the group of serious financial and reputation loss, affecting the group's effectiveness and development. Links to free download http://www.hi138.com
Second, to improve the effectiveness of measures to implement budget
1, strengthening budget management
Establish and improve the budget management system, management of the budget in advance, during and after the whole process of management to ensure the full implementation of the budget management system, the Group is headquartered in the market and future trends on the basis of scientific predictions, determining our strategic objectives to develop target-based procurement, sales and other budget while taking advantage of the method of management by objectives, budget targets for the various layers of decomposition, the implementation of the subsidiaries, so that all subsidiaries and the Group's overall objectives, to form a complete whole group budget system, while in the budget implementation, attention to budget analysis, monthly quarterly budget implementation and to track changes in the market price analysis, to detect bias, to identify the factors affecting the implementation of the budget and found enough to take measures to improve and enhance ability to resist risks, ensuring the Group's budget objectives are achieved, improve the level of group management.

2, strengthen the internal audit
Group's diversified business activities and management structure of the complex, simple post-audit activities of the business can not make a comprehensive, scientific and accurate evaluation, so the internal audit to do before, during, post-audit phase combined, so that throughout the whole process of management. pre-audit planning and to plan for the group audit, ensure that the scheme is based on reliability, to ensure feasibility, during the implementation of the budget should be analyzed to ensure that operating results, after implementation of the budget summary and analysis of proposed improvements. In addition to establishing audit scope, design audit procedures of science from the system to a unified auditing standards, auditing standards, to improve the standardization and audit procedures, and improve audit oversight functions, while improving the professional quality of the internal audit staff. require internal auditors to be proficient in not only the audit of business knowledge, accounting knowledge, but also familiar with a wide range of knowledge, skills, training and organizational forms continue to learn, combined with the Group's internal audit the actual situation, the organization of training and encourage further studies to improve the internal audit staff of business knowledge and of professional ethics, to ensure audit quality, and promote the development of internal audit.

3, to strengthen Financial Management
In the group companies, fund management companies to help build a complete chain of funding, to achieve overall maximum benefit will help reduce the Group's headquarters to control costs, optimize the financial management system, improve capital efficiency and will help internal coherence, achieve integrated management of internal funds to achieve strategic objectives. First, enterprises should establish a fund management awareness to the unified management of funds and planning, according to the Group's development goals and needs, the rational allocation of funds and use. Secondly, the implementation of key management In the financial management of specific work, to focus on cash management and control in their daily work according to different circumstances, the preparation of cash flow plan and do the daily cash transactions accounts, provide managers with comprehensive, accurate cash flow of information and improving financial management, risk awareness, management of cash to strengthen risk control to raise the overall financial management.


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