What is the company s financial budget management system?

Summary. What is the difference between financial budget management and financial management system?

Hello dear, now for you to answer.

The answer is: the difference is as follows:

The financial management system is mainly the management system formulated by the company in terms of enterprise fund raising and utilization, asset management, profit distribution, etc. The main goal is to maximize the value of the enterprise or maximize profits, the main content is investment, financing, profit distribution, including financial analysis and **, fund raising and use, capital cost management, etc.

The financial management system is centered on control, that is, to prevent errors and fraud, and stipulates a series of mutually restrictive and interrelated business processing procedures to achieve the purpose of protecting the safety and integrity of assets and improving efficiency.

In some management systems are repetitive, individuals think that the future financial management should be aimed at maximizing the value of the enterprise, mainly to analyze, prevent risks, and obtain the maximum benefits with the minimum investment. The internal control is mainly to establish a set of containment systems suitable for the unit to prevent the occurrence of errors and fraud.

What is the difference between financial budget management and financial management system?

What is the difference between financial budget management and financial management system? Hello dear, now for you to answer. The answer is:

The difference is as follows: the financial management system is mainly the management system formulated by the company in terms of fund raising and application, asset management, profit distribution, etc. The main goal is to maximize the value of the enterprise or maximize profits, the main content is investment, financing, profit distribution, including financial analysis and **, fund raising and use, capital cost management, etc.

The financial management system is centered on control, that is, to prevent errors and fraud, and stipulates a series of mutually restrictive and interrelated business processing procedures to achieve the purpose of protecting the safety and integrity of assets and improving efficiency. In some management systems are repetitive, individuals think that the future financial management should be aimed at maximizing the value of the enterprise, mainly to analyze, prevent risks, and obtain the maximum benefits with the minimum investment. The internal control is mainly to establish a set of containment systems suitable for the unit to prevent the occurrence of errors and fraud.

I hope the above helps you If you are satisfied with me, please give a thumbs up <>

Financial budget management refers to a series of management activities such as financial budget preparation, reporting, implementation, adjustment and control carried out by enterprises to ensure the achievement of annual business objectives. Financial budget management is a series of financial management activities carried out by the unit in order to achieve the established economic goals, through the preparation of budget, internal control and performance assessment, which runs through the whole process of the preparation and implementation of the unit's financial budget, and the quality of budget management is directly related to the realization of the overall goal of the unit.

Under the decentralized management model, the financial budget should be prepared in accordance with the principle of "combining up and down, grading preparation, summarizing level by level, and full participation", and its specific procedures are as follows:

1.Set financial budget management objectives.

According to the development strategy of the enterprise during the budget period and the preliminary economic situation, the board of directors proposes the financial budget targets of the enterprise for the next year, including sales targets, cost targets, profit targets and cash flow targets, and determines the policies for the preparation of financial budgets, which are issued by the financial and budget committees to the budget implementation units.

2.The budget implementation departments prepare a preliminary draft financial budget.

Each budget implementation unit combines its own characteristics and implementation conditions, in accordance with the financial budget objectives and policies issued by the enterprise financial budget committee, fill in their respective budgets and report to the enterprise financial budget committee.

3.Approve the draft financial budget and form a financial budget resolution.

When the financial budget committee reviews and summarizes the financial budget plan submitted by the budget implementation units, it shall fully coordinate, and the financial budget committee shall instruct the relevant budget implementation units to further revise and adjust the matters that do not conform to the enterprise development strategy or financial budget objectives. On the basis of discussion and adjustment, the so-called revised draft financial budget is formed and submitted to the board of directors for approval, and finally the financial budget resolution is formed.

4.The financial budget resolution will be issued for implementation.

Once the financial budget resolution is formed, it is binding on all functional departments, senior managers and employees of the enterprise, and is implemented by the financial and budget committee to the budget implementation departments step by step.

5.Readjustments in the implementation of financial budget resolutions.

Financial budget resolutions that are formally issued for implementation should ensure their authority and should generally not be adjusted. If it is really necessary to adjust the financial budget resolution due to major changes in the market environment, business conditions, policies and regulations in the implementation of the budget implementation departments, resulting in the non-establishment of the basis for the preparation of the financial budget, or will lead to major deviations in the results of the implementation of the financial budget, the department proposing the adjustment of the budget shall submit a written report to the financial budget committee, explaining the specific situation of the implementation of the financial budget and the changes in objective factors and the degree of impact on the implementation of the financial budget, and proposing the adjustment range of the financial budget. The Finance and Budget Committee shall review and analyze the financial budget adjustment report of the budget implementation department, and prepare the cash budget and budget loss and profit table after the financial budget adjustment, and submit it to the Board of Directors for review and approval, and then issue it for implementation.

What is the main content of the financial budget of the enterprise is a common problem in the accounting work, and the financial budget can coordinate the business activities of the enterprise. Today, Deep Space Network has sorted out the main content of the financial budget for you, let's learn about it together.

The main content of the financial budget of the enterprise.

The financial budget mainly includes the cash budget, the projected income statement, the projected balance sheet, and the projected cash flow statement. The details are as follows:

1. Cash budget.

The cash budget includes cash income, cash expenditure, cash surplus and fund raising and use, also known as cash revenue and expenditure budget, which is the core of the financial budget. It can reflect the total cash inflow and cash outflow of the enterprise during the budget period.

2. Projected income statement.

The estimated income statement is prepared on the basis of the summary sales budget, various cost budgets, capital expenditure budgets and other information, which can reflect and control the profit and loss and profitability of the enterprise during the budget period.

3. Projected balance sheet.

The preparation of the projected balance sheet is based on the balance sheet of the reporting period, which can reflect the financial position of the enterprise at the end of the budget period.

4. Projected cash flow statement.

The projected cash flow statement can reflect the budget of the cash flow generated by the company's operating activities, investment activities and financing activities.

How to prepare the financial budget form?

1. Collect information before compilation.

Before compiling the financial budget table, it is necessary to collect and sort out the relevant historical information inside and outside the enterprise, which is conducive to a comprehensive grasp of the current operation, financial status and future development trend of the enterprise.

2. Analyze research data.

Using the methods of time series analysis and ratio analysis, the collected data is studied, and the budget value is estimated by judging the trend and relationship between the increase and decrease of economic indicators and data.

3. Preparation**.

According to the financial knowledge learned by the individual, the planning of the enterprise in a certain period of time, etc., the sales budget is prepared first, and then the production budget, sales and management expense budget is prepared.

4. Master the basis of the financial budget table.

Generally, the preparation of the profit and loss statement is based on the preparation of sales budget, production expense budget, period expense budget and cash budget, and the estimated financial position statement is based on the preparation of the projected balance sheet and the projected profit and loss statement.

The role of the financial budget of the enterprise mainly includes:

1. The budget of the enterprise financial bureau has realized the concretization, systematization and quantification of the decision-making goals of the enterprise.

2. The financial budget of the enterprise can promote the smooth realization of the financial goals of the enterprise through the standard of evaluating the financial status of the enterprise.

Financial budget refers to a series of budget work that specifically reflects the expected financial situation and operating results of the enterprise in a certain period of time in the future, as well as the general name of various budget indicators such as cash receipts and expenditures, and the financial budget work is mainly used to reflect the budget of the enterprise's cash revenue and expenditure activities, the budget of sales revenue, the budget of costs, the budget of capital expenditure activities and the budget of the overall situation of financial activities.

The content of the company's comprehensive budget management system:

1. Operating budget: including sales budget, production budget, material procurement budget, labor budget, manufacturing cost budget, unit cost budget, operating expenses and management expense budget, etc.

2. The investment budget specifically reflects when to invest, how much to invest, capital ** and investment income.

3.Financial budgeting. Includes: cash budget, projected income statement, projected balance sheet.

The operating budget and the investment budget must be reflected in the financial budget in monetary terms.

1. Prepare budget plans from the bottom up to the next level.

The subordinate branches of the subsidiaries of the group are centered on the chief and deputy factory directors, finance, equipment and other professional functional personnel, and the production and operation of the company next month will formulate the capital revenue and expenditure budget plan of the company and report to the subsidiary before the 18th of each month. Under the organization of the general manager, each subsidiary shall review and approve the revenue and expenditure budget reported by the subordinate branches with the participation of various professional functions and people, and report to the group's finance department before the 20th of each month for the company's own income and expenditure and the income and expenditure budget of each branch.

2. After the group's top-down deliberation, the feedback informs the financial department of the enterprise group to collect and sort out the budget plan of each subsidiary, and the financial budget of the group company for the next month will be convened by the chairman of the board of directors and deputy general managers of each subsidiary, the financial director and the financial department and the asset department of the group on the 25th of each month to make the monthly financial budget of each subsidiary of the budget committee; The group lives within its means, does what it can, arranges funds, and concludes on the spot for the next month's income and expenditure. The Finance Department will notify the subsidiaries and subsidiaries of the budget plan after deliberation before the end of the month, and accordingly, the previous use will be counted as the after-use.

3. Rigorous budget procedures.

In the budget planning process of the month does not pay the items and amounts, due to special circumstances, by the project to prepare the plan, detailed reasons, approved by the branch director and the general manager of the subsidiary, reported to the group headquarters, approved by the chairman of the board of directors can be changed.

Fourth, the monthly fund exchange settlement system.

The payables and payables between the group company and its subsidiaries and between subsidiaries shall be paid before the 10th of the following month, and shall be in arrears. Before the end of August each year, a monthly repayment plan should be drawn up for the old arrears.

5. Supervision and assessment system.

In the process of financial budgeting, the group appoints supervisors to carefully supervise the audit and inspection of the problems such as the increase in costs, expenses, and revenues of the budget without approval, and the main person and the person directly responsible shall be held accountable if the situation is serious. The president of the group rewards the people who have good results, income and expenditure savings, and manages the financial budget. In the implementation of financial budget management of the group, Chairman Lu also requires the financial analysis of the group's headquarters and major subsidiaries, and the financial department of the group and the financial affairs of each subsidiary should prepare a good financial analysis when the financial statements are reported.

On the 15th of the next month, the group company held a group financial analysis meeting on the next month, and the financial management of the enterprise.