Application of Flexible Budget Based on Company Profit Model: Taking VK's Financial Data as an Example

Abstract

There are many types of budgeting, and budgeting based on profit models is rare. This paper combines financial
big data with management accounting methods to build a profit model in financial big data; and uses model data
as the basis and basis for preparing flexible budgets, making budget preparation and execution more scientific
and feasible; The company’s budget preparation method has been introduced; more importantly, financial
accounting and management accounting are integrated, and the forecasting and budgeting functions of
management accounting applications are really brought into play and applied.