Regulations On Enterprise Financial Budget Management System

　　 I. General Provisions

Article 1 in order to promote enterprises to establish and perfect the internal restraint mechanism, further standardize the financial management behavior of enterprises, and promote enterprises to strengthen budgetary management, the system is formulated according to the requirements of the Ministry of Finance on the implementation of the financial budget management of enterprises and the implementation of the comprehensive budget management of the group companies, combined with the actual situation of the group enterprises.

The second way is applicable to the company and its own company, holding company and its subordinate units.

　　 Two, the basic contents of the financial budget

The third budget management is to make use of the budget to allocate, check and control various financial and non-financial resources of various departments and units within the enterprise, so as to effectively organize and coordinate the production and operation activities of the enterprises and accomplish the established business objectives.

The fourth financial budget is an important part of the enterprise's comprehensive budget, and it is the center of the enterprise's comprehensive budget. On the basis of forecasting and decision making, enterprise financial budgeting is based on the strategic objectives of enterprises, and makes specific arrangements for the capital movements of enterprises in a certain period, such as the acquisition and release of enterprise funds, revenues and expenditures, the results of enterprise operation and their distribution. Financial budgets and business budgets, capital budgets, and financing budgets together constitute the overall budget of an enterprise.

The fifth financial budget of enterprises should focus on the strategic requirements and development plans of enterprises, take business budgets and capital budgets as the basis, take operating profit as the goal, and compile the cash flow as the core, and give full reflection in the form of financial budget statements.

The sixth financial budgets of enterprises are generally compiled according to the year, and the business budgets, capital budgets and financing budgets are implemented quarterly and monthly.

　　 Three. Budget organization Division

The seventh legal representatives of the enterprises are responsible for the management of the enterprise's financial budgets. Each enterprise should set up a financial budget committee or a designated enterprise financial management department responsible for the financial budget management matters, and be responsible for the legal representatives of the enterprises.

The eighth financial budget committee mainly formulating the objectives and policies of the financial budget, formulating specific measures and measures for financial budget management, deliberating and balancing the financial budget plan, organizing the financial budgets, coordinating and solving the problems in the preparation and implementation of the financial budgets, organizing the audit and assessing the implementation of the financial budget, and supervising the enterprises to fulfill their financial budgetary objectives.

The ninth financial budget compilation is carried out under the leadership of the enterprise financial budget management committee, and the financial management department of the enterprise is responsible for organizing, examining, summarizing, reporting and Issuing the budget. It is responsible for budget execution and daily process control, and is responsible for the analysis and reporting of the budget execution, and is responsible for the assessment of the execution of the budget.

The tenth internal production, investment, materials, human resources, marketing and other functional departments are specifically responsible for the compilation, execution, analysis, control and control of the budgetary budgets involved in the business of their departments, and cooperate with the financial budget committee to do well the work of comprehensive balance, coordination, analysis, control and assessment of the general budget of the enterprise. The main responsible persons are involved in the work of the enterprise financial budget committee, and are responsible for the implementation of the Department's financial budget.

The eleventh enterprise is the financial budget execution unit. Under the guidance of the board of directors or the management level of the company, it is responsible for the compilation, control and analysis of the cash flow, operating results and cost budgets of the company, and accepts the examination and assessment of the board of directors of the enterprise. The main person in charge of his enterprise is responsible for the execution of the financial budget of his unit.

The company carries out the financial budget management to the enterprise affiliated to the company, and the financial budget plan of each enterprise must be reported to the company headquarters for examination and approval.

　　 Four. Compilation of financial budgets

The twelfth budgeting is the key link to realize the overall budget management. The quality of the compilation directly affects the results of the budget execution. Financial budgeting shall be carried out under the guidance of the formulation guidelines formulated by the enterprise comprehensive budget management committee.

The thirteenth budgeting shall be carried out in accordance with the responsibilities and powers of the internal economic activities, and the following basic principles and requirements shall be followed:

(1) adhering to the principle of giving priority to efficiency, implementing total budget balance and carrying out comprehensive budget management;

(two) adhering to the principle of positive and prudent, ensuring the collection of financial support and strengthening the control of financial risks;

(three) adhere to the principle of equivalence of powers and responsibilities, ensure that it is practical and feasible, and focus on the implementation of business strategy.

The fourteenth budgetary enterprises should prepare their financial budgets according to the business budget, capital budgeting, financing budget and post financial budgeting process, and prepare different forms of financial budgets according to the types and responsibilities of the budgetary units.

The fifteenth business budget is a budget reflecting production and business activities (or business activities) that enterprises may form cash receipts and payments during the budget period. It generally includes sales or business budgets, production budgets, manufacturing expenses budgets, product cost budgets, business cost budgets, procurement budgets, and period expenses budgets. Enterprises can compile according to actual conditions and refer to specific requirements of the company.

The sixteenth capital budgeting is the budgeting of capital investment activities in the budget period, including fixed assets investment budget, equity capital investment budget and bond investment budget.

The seventeenth financing budget is budgetary loans for new borrowers in the budget period, approved bonds issued, and the repayment of original loans and bonds. The budget is mainly based on the decision information of the relevant capital requirements, the issuance of bond approval documents, the initial loan balance and interest rates.

If an enterprise approves the issuance of shares, rights issue and issuance of shares, it shall make a separate budget according to the stock issuance plan, the rights issue plan and the issuance of stock plans. The cost of issuing shares should also be arranged separately in the funding budget.

The eighteenth financial budget is mainly reflected in the form of cash budget, estimated balance sheet and estimated profit and loss statement. The enterprise shall prepare its own financial budget according to the company's budgetary budget.

The nineteenth budgetary enterprises' financial budgets can be compiled according to different budget items, such as fixed budget, flexible budget, rolling budget, zero base budget and probability budget. At the same time, in order to ensure the enforceability of the budget, some reserve fees can be set up as extra budgetary expenditures.

Twentieth, the establishment of enterprise financial budgets should be carried out according to the procedure of "combination of upper and lower levels, grading and compilation, and summary by stages". In accordance with the procedures for laying down the objectives, preparing the reports, balancing the reviews, considering the approval and implementation of the approval, and formulating detailed budgeting policies.

After the completion of the budgetary estimate, the financial budget plan was submitted to the group company before the end of November of that year, and the enterprises were executed after examination, summary and balance.

The twenty-first budget compilation schedule: the compilation of the annual budget, from October 1st to November 25th of the last year of the budget year, and the completion of the budget. Each enterprise should arrange the budget according to the overall budget management requirements of the enterprise, and formulate detailed compilation schedule and requirements, so as to ensure the smooth preparation of the financial budget.

　　 Five. Implementation, control and variance analysis of financial budget.

The twenty-second financial budgets of enterprises are issued once approved, and the budgetary execution units must be conscientiously organized and implemented, and the financial budgetary indicators should be decomposed from one level to the next, from horizontal and vertical to internal departments, units, links and posts, so as to form an omnibearing financial budget execution responsibility system. The control method is managed in accordance with the amount in principle, and the methods of project management and quantity management are applied.

The twenty-third enterprise should regard the financial budget as the basic basis for organizing and coordinating various business activities in the budget period, dividing the annual budget into monthly and quarterly budgets, and ensuring the realization of the annual financial budget objectives with the phased budget control.

The twenty-fourth enterprises should strengthen the financial budget management of cash flow, organize the revenue of budget funds on time, strictly control the payment of budgetary funds, adjust the balance between capital receipts and payments, and control the risk of payment. Appropriation for budgetary funds shall be carried out in accordance with the authorized examination and approval procedures. For extra budgetary expenditures, the payment procedures should be standardized according to the budgetary management system. For no contract, no credentials, no formalities of project expenditures, no payment.

The twenty-fifth enterprises should strictly carry out sales or operation, production and cost budget, and strive to achieve profit targets. In general, if there is no budget, we must firmly control its occurrence. We must not break the law of cost budgeting, save rewards, and in principle, no misappropriation between budgetary items.

Article twenty-sixth in daily control, enterprises should improve the credential record, improve the management rules and regulations, strictly implement the monthly production plan and cost quota, fixed rate and standard, and strengthen timely monitoring. Each budget management functional department should set up corresponding financial budget management book, record the amount of budget, the actual amount, the amount of difference, the cumulative budget, the actual amount and the total difference.

In the course of management, the twenty-seventh items are controlled by the heads of the budget execution departments. The budgetary management departments are responsible for supervising and gradually using the computer system to manage them. Extra budgetary expenditures are directly controlled by the enterprise financial budget management committee.

The twenty-eighth enterprises must establish a financial budget report system, which requires all budget execution departments to regularly report on the implementation of the financial budget. For the new situations, new problems and major deviations that occur in the implementation of the financial budget, the financial budget management committee shall instruct the relevant budget execution departments to find out the causes and propose measures and suggestions for improving the operation and management.

The budget variance analysis report should include the following:

(1) the current budgetary amount, the actual amount incurred in the current period, the difference in current period, the cumulative budget, the cumulative actual amount and the cumulative difference;

(two) analysis of the difference.

(three) the reasons for the adverse differences, attribution of responsibilities, improvement measures, and the reasons for the formation of favorable differences and suggestions for consolidation and promotion in the future.

The twenty-ninth enterprise financial management department should use the financial statements to monitor the implementation of the financial budget, and provide timely financial information to the budget execution department, the enterprise finance budget committee, even the board of directors or the manager's office, such as the execution progress of the financial budget, the difference in execution and its influence on the financial budget objectives of the enterprise, and so on, so as to promote the enterprise to fulfill its financial budget target.

　　 Six. Financial budget adjustment

The thirtieth annual financial budget for implementation is generally not adjusted. Due to major changes in the market environment, operating conditions, policies and regulations, the budgetary execution units will not be established on the basis of the preparation of the budgetary budget.

The thirty-first article proposes the premise of Budget Revision. When a certain or several factors change to the disadvantage direction and affect the realization of the financial budget target, we should first excavate and estimate the budget target.