Analysis of the financial management of intensive building

Abstract: intensive financial management is one of the core management group, intensive financial management to ensure the Group's overall financial goals, the funds control, efficient use and strengthen the supervision and other aspects of the headquarters of the subsidiary has a strong advantage.

Keywords: intensive financial management

Intensive management is a modern enterprise group, to improve efficiency and effectiveness of the basic trends through the collection of human, financial, management and other factors of production, unified configuration, to thrift, restraint, and efficient for the value of the trend to achieve lower costs, efficient management, access to sustainable competitive advantage. intensive enterprise groups has the advantage of financial management: to achieve the Group's overall financial strategy, financial policy and financial goals to ensure and promote the overall financial supervision, control, and rational and efficient use, easy on the subsidiary, branch monitoring agency, makes the whole enterprise group operations to be effective supervision and control.


A diversified, intensive financial management of the building

Because different operating subsidiaries have different content, business characteristics and management differ, and are equal to each other independent legal, if not properly centralized, easily fragmented, resulting in waste of resources, the Group's overall efficiency is low. In view of this diversification of the situation, intensive financial management should be designed to follow the following principles: conducive to the overall utilization of resources, help to stimulate the subsidiary or business unit to give play to the Group's overall advantage, it is beneficial for the subsidiaries or business unit performance evaluation will help the overall implementation of the strategy and strategic goals, etc.


(A) strengthen centralization, moderate separation of powers
Overall, intensive financial management is centralized under the premise of separation of powers system, excessive centralization and decentralization will affect the Group's strategic objectives, from business practice, absolute centralization and decentralization is not absolute, proper centralization The combination of both play and decentralization of financial control functions of the Group's headquarters, to stimulate enthusiasm and creativity of its subsidiaries, affiliates can effectively control the business risk and financial risk. the combination of centralization and decentralization, will help to overcome the over-centralization or decentralization defects, facilitate the integrated advantages of centralization and decentralization. centralization and decentralization is a group with core business purposes, the group focused on the headquarters of major decision-making power, and given the right to operate their own subsidiaries and other decision-making power, it can effectively the advantages of centralization and decentralization together.


(B) diversification of the accounting system, internal control unified
Accounting system, there is a wide range of financial management of the intensive requests, according to the actual situation of enterprises to develop a unified, workable system of internal controls, to regulate the internal approval process for major financial decisions and accounting processes to improve the reliability of each subsidiary and comparability of financial statements In addition, when the development of internal financial systems need focused at all levels of financial authority and responsibilities, including their respective financing decisions, investment decisions, income distribution policy and other financial activities authority and responsibility to achieve the institutionalization of internal management and procedures.


(C) to achieve centralized financial management system
Implementation of financial delegate system, to achieve the centralization of financial management. For each brand the company's financial staff to implement centralized management and office organization business learning and enhance the business training, financial sector is not to set up subsidiaries in different departments, but by the financial rational division of responsibilities set, divided into accounting supervisor, general ledger accounting, cost accounting and financial administrators, etc. This approach allows parent company's financial set blending together organic, so that division can grasp the overall financial position of Enterprise Group .


(D) set up the accounting center
1 unified management of financial officers, according to Group's financial module the actual needs and the overall quality of accountants, accountants rotating planned organization for accountants in business education, professional training and experience to provide facilities and regular professional training and learning, aimed at improving the overall quality of accountants and finance law, science and financial management capability and vigorously promote the overall concept of accountants and responsibility, so as intensive financial management of innovation to provide effective protection.

2 in accordance with <<accounting>> and other accounting rules and regulations for the various units of a centralized accounting, financial supervision and centralized payment and press the provisions of the summary report of each business unit, according to audit documents after the original, timely and accurate fill in for each unit of accounting documents, registration of accounting books, the household accounts, preparation of financial statements for each unit and financial analysis, and provide accounting information for each unit of accounting information and accounting files to organize, archive , storage.

3 Accounting Center network information integration through the establishment of computer network systems, the use of management systems and financial software, financial information of the various companies are concentrated in the computer network, the chief financial officer and chief financial officer can be called at any time, check the headquarters and the child company's financial position, comprehensive control of Group operating conditions, the timely detection of problems, reducing operational risk and prevent loss of state assets. Links to free download http://www.hi138.com (e) implementation of a comprehensive budget management
Comprehensive budget management is the core of enterprise management in the implementation of a comprehensive budget management within the group, not only can improve management efficiency, optimize resource allocation, and has served to define the respective Group and its subsidiaries Zequan Li, reduce friction, enhance cohesion, achievement of the Group overall strategic objectives. In order to improve budget management, the need for a Budget Committee, responsible for budget preparation, approval and implementation and organizational adjustments.

In the implementation of the budget process, budget departments at all levels of the Group through the establishment of a strict system of work and implementation of appropriate incentives to ensure the completion of all levels of budget targets. Generally speaking, a subsidiary of budget control is the company's profit targets control, is a subsidiary of the business activities of self-control and adjustment of a process.


(F) a subsidiary of the performance appraisal system to build
First, the subsidiary's capital not only to ensure the security and integrity must also be profitable to complete the assigned target group profit targets, and secondly, for the subsidiaries of different business, different mode of operation the need for different performance evaluation criteria. performance appraisal, not only to look at net profit, asset-liability ratio, recovery ratio for projects, bad debt losses and other data, the project should also be good rate, the impact of the establishment of social influence factor be taken into account. Third, subsidiary performance appraisal must be applied to eliminate the impact of its group headquarters, the restored to normal under, so as to ensure fair and equitable assessment and reasonable.

Financial officers control system, control system, financial system, financial objectives and financial information control system control system built into an organic whole, a good human environment and the institutional environment in order to ensure business efficiency, timely, complete, well run and maintain enterprise group sustainable development, and ultimately maximize the value of enterprise groups.


Second, the conclusion

In short, under intensive diversified business to build a sound financial management must be sound, scientific and rational and effective financial control system, people-oriented, the investors, managers, financial managers work closely together, handle the supervision, management, decision-making three by the relationship between innovation and continuous management innovation in financial management, business strategy to adapt to the new policy to constantly adjust their financial management.


References:
[1] Lin Ming-ling, the establishment of the Group's financial intensive management, development studies 2008 12
[2] Jian-feng. On the group financial management, Chinese business, 2009 05 Links to free download http://www.hi138.com