On strengthening the financial management of coal enterprises

Abstract: Financial management throughout the entire process of production and operations, plays a master in business, organization and function of resource allocation, it is the ultimate aim is to achieve profit maximization, is an important part of business management. Direct impact on the financial management of Economic efficiency of enterprises. Financial management should be strengthened to fully play the role of financial management, and improving Economic efficiency.


Paper Keywords: strengthening management; explore the potential; improve efficiency

in Economic development, and promote community Economic development, business management with financial management as the center of today's new economy, new system situation, the product of the objective social and Economic development inevitable result. Enterprise is the pursuit of economic efficiency of economic organization, in addition to a high degree of attention to the market, attention to product image, but also attach great importance to financial management. Financial management in business management plays an important central role. Particularly coal enterprises to invest in large, long life cycle, product processing is not enough to strengthen financial management more important.


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the need to strengthen financial management financial management is related to the availability of funds and effective use of management, plays a master in business, organization and resource allocation functions. Direct impact on the financial management of economic efficiency of enterprises.

1.1 Strengthening financial management is a necessary requirement to adapt to market conditions with the market economic system
establishment and constant improvement, enterprises have become the competitive market economy, an independent body, operating a direct impact on the survival and development. Financial management is to adapt to the modern market economy produced and developed, advanced financial management tools, scientific management, to grasp the business objectives to achieve or not achieve the objective of mining the factors that affect the implementation of financial decisions to ensure the dynamic balance of internal and external environment. Therefore, only by strengthening financial management, so that enterprises can continue to adapt to market conditions.

1.2 Strengthening of financial management is the way to
increase economic efficiency and the use of corporate financing, product costs, benefits and other aspects of financial management decision-making and analysis are achieved. Strengthen financial management to make financial management from passive to active type, and the help of modern scientific management methods, the use of specific analytical methods, development of corporate decision-making, planning and so on. Such as: The cost of funds analysis to study the rationality of corporate financing structure, can reduce the cost of capital; through cost-benefit analysis to determine the good or bad business to determine the future business strategy; through risk analysis and management to understand current and future business What are the risks facing a period of time to effectively resolve or avoid risks. Coal mining enterprises are the enterprises of natural resources, economic conditions influenced by the occurrence of resources, it should approach to decision-making through scientific analysis, investment and management.

1.3 Strengthening financial management needs of the modern enterprise system of modern enterprise system
enterprise property rights, scientific management, clear responsibilities, capital social. Increasing the value of invested capital required to achieve, to maximize efficiency. Business to survive over expenditure must be received, companies need to expand the revenue to develop the financial management is to work around the corporate objectives and role. Interested parties on the loss-of 200o a survey of state-owned enterprises, policy-related losses 9.9%, 2% loss of objective reasons, because of poor management resulting from loss of 80.9%. Therefore only the management and use of good business, its property, it will not be a merger or bankruptcy. In addition, in the interests of owners and operators of the motivation and competition to enhance the financial management under the necessary requirement, because the owners want to increase the value of assets, and the operators will have to raise the level of performance.


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the central role of financial management with the deepening of China's economic reform, financial management has become the central role of entrepreneurs and economic circles of consensus, because it is a form of value to the enterprise funds through a comprehensive campaign management throughout the enterprise penetration and all economic activities.

2.1 financial management decisions of the corporate goals and objectives
business goal is to maximize profits. Business survival, development, inseparable from the overall goal of financial profit financing, investment and management of funds, and must be achieved through financial management. Financial management objective is to develop production, sales and a series of goals on the basis and premise, which makes financial management in business management in a central position. Ownership and management rights in the case of separation, can not direct the implementation of enterprise resource management, primarily through testing and analysis of the financial results to evaluate the operation and management of quality, the operators to achieve their goals of financial management must also be center. Currently, the system continued to deepen the coal companies to achieve enterprise value maximization, but also the need to strengthen financial management.

2.2 direct impact on the financial management of the economic benefits of enterprise financial management of the objects
economic activities of enterprises and financial flows. If money is the blood of business, then the financial management control of funds and the movement is the heart and throughout the body over the years. Economic operation, that is, capital investment from the beginning to the capital return, and then put the profits of the cycle continued. Without a strong financial management, allowing free flow of capital, even if other management companies are relatively healthy, it is difficult to achieve business goals. Such as: the same money given to different companies, working several times, some companies will snowball snowball, and some enterprises have more to spend less, or even insolvency, facing bankruptcy, the key is money management. Therefore, the coal industry enterprises to combine the characteristics of production and management, strengthen financial management, funds movement around the aortic root of this, increase the financial management of all aspects of production and efforts to control the operations to financial management of the integrated and coordinated management of the other, forming together to achieve maximum profit. Links to Research Papers Download http://www.hi138.com