Interpretation Of The Four Step Strategy And Four Principles Of Implementing Budget Management

< p > < a href= > //www.sjfzxm.com/news/index_c.asp > Budget Management > /a > is an effective way to control the cost of enterprises. First, it is an important symbol of improving the financial work. The importance of it is getting more and more attention by enterprises. In engineering enterprises, the application of budget management is relatively mature, but in many small and medium enterprises, especially service and trade oriented enterprises, how to import budget management system into an enterprise? < /p >
< p > first, clear budget management < a href= "//www.sjfzxm.com/news/index_c.asp" > organizational structure < /a >. The organizational structure is the guarantee and foundation for completing the budget management work, including the establishment and responsibilities of the responsible units of the budget, and the duties of the relevant business units. < /p >
< p > Second, define the process of budget management. Through the inventory of the management level and financial status of the enterprise, we design the whole process of the budget management solution. The main process of budget management includes defining the functions, working procedures, working standards and requirements of various budget centers. Ensure the practicality of budget management. < /p >
< p > Third, the implementation of < a href= "//www.sjfzxm.com/news/index_c.asp > > Training < /a >, to clarify the importance of budget management. The top management of a company takes the lead in budget management as an important management work in enterprise management, and it is an important measure to improve enterprise management level, control enterprise operation cost and manage risk. < /p >
< p > Fourth, establish a budget assessment mechanism. Linking the accuracy of the budget with performance appraisal and the target cost responsibility system can effectively and effectively enhance the importance of the staff to the budget and ensure their seriousness and responsibility in the budget process. < /p >
< p > in the implementation of budget work, we need to pay attention to the dynamic adjustment of the budget, in principle, we can make dynamic adjustment according to the quarter. The implementation and monitoring of budget is the key to the success of budget management! < /p >
< p > of course, no matter Ford Motor Co or Handelsbanken bank or any other organization, no plan can be copied by another company. Because the industry, the size of the company and other factors are quite different. However, the research group also pointed out clearly that it is wrong to separate the budgetary process. To succeed, it should be integrated with strategic planning, operational reporting and goal setting. < /p >
< p > in turn, to integrate these functions organically, we must follow four basic principles, namely speed, accuracy, ownership and cooperation. < /p >
< p > speed first, discard the report you have been using. Using the report's budget procedure will only increase the time for the process. Now there are web-based tools, which can help you reduce daily administrative expenses and management time, but also provide information that you used to report in the past. < /p >
< p > on the basis of the use of public databases by most companies, Cisco Systems has further integrated Cisco. When a manufacturer accepts a new business, it encourages the company to get the business to adopt its financial system, even if it means replacing the old system with a new system. The use of public systems throughout the company makes data integration easy. Therefore, CISCO can measure the financial health of a company based on its daily situation. In fact, it has been able to respond to information almost every hour. < /p >