With the continuous development of the group company, as well as the continuous expansion of business scope and production scale, the basic financial management system can no longer meet the needs of Bluestar Group. Combined with the changes in the scale and profitability of the enterprise, Bluestar Group adopts comprehensive budget management to manage the group's assets and cash flow, so as to better improve asset utilization and profitability. In order to better match the management system with the requirements of overall budget management, Bluestar Group has established a hierarchical budget management organization
1. Budget management decision-making level. Bluestar Group has set up a budget management committee composed of the general manager and deputy general manager of the company in the head office, as the highest management body of the company's overall budget management, and its main responsibilities include: approving and issuing the budget management system; Approve the company's draft annual budget; Issuing the company's annual budget; Approve and approve the budget adjustment plan; Put forward the development direction and improvement requirements of the company's budget management; Determine the major prerequisites for the preparation of the annual budget and the annual production and operation objectives; Listen to reports on the progress of budget implementation and budget management, and make decisions on improving and perfecting budget management.
2. Budget management department. Bluestar Group has set up a budget office and a budget management department in the headquarters and each subsidiary, whose responsibilities include: according to the company's production and operation objectives and budget preparation principles for the budget period, comprehensively analyze and study the production and operation environment, market conditions and internal production and operation conditions faced by the company during the budget period, and submit the annual budget plan outline to the budget committee; Organize the preparation of the budget, and organize the implementation of the budget responsible departments according to the company's approval and budget; Responsible for the coordination of daily budget affairs, tracking and supervising the implementation process of the budget, regularly reporting the implementation of the budget, and implementing the budget assessment; Correct and adjust the problems and deviations in the budget implementation process in a timely manner, and provide effective information for the company's decision-making.
3. Budget management department. The business units, companies and functional departments of Bluestar Group are responsible for the management of the overall budget, and their functions are: to implement the budget indicators into production, operation and management, and to realize the organic combination of budget management and other basic management; Provide feedback on various performance required for budget management, and provide data for budget preparation and budget tracking by the budget management function.
[References].
Bluestar Group's Way to Success, "The Way to Success of Chinese Enterprises", Bluestar Group Case Study Group, 2012
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