Development of financial management and its

First, the traditional production and management in the enterprise Financial Management application process

Financial Management is the reproduction process based on objective corporate financial activities and financial relations generated, is the financial activities of organization to deal with all aspects of financial relations with an economic management.

(A corporate fund-raising in the process of Financial Management in order to ensure normal production and operation, the enterprise must hold a certain amount of money. Enterprises on the one hand to determine the overall size of funding to ensure that the necessary funds through other funding channels, financing choice, reasonably determine the financing structure, reduce financing costs and risk.

(B enterprises to invest in the Financial Management of projects during the investment decision-making project investment decision must be evaluated using indicators to measure and compare the feasibility of investment projects, easy to complete, accurate and comprehensive evaluation of the economic benefits of investment projects.

(C enterprise fund operation of the Financial Management of the financial management of working capital is mainly to accelerate cash, accounts receivable, inventory turnover rate, reduce the working capital of the holding, management costs, improve capital utilization.

(D enterprise financial management of income distribution according to certain legal principles, how to determine the allocation of a reasonable size and distribution, so that the long-term interests of the largest enterprises.

Traditional financial management is a simple, passive, lagging financial management. With the development of the socialist market economy, according to the inherent nature of modern business and requirements, in accordance with international practices and standards, the establishment of modern enterprise financial management model is the development of socialized mass production and the inevitable demand of the market economy.


Second, the establishment of modern enterprise financial management system

Modern enterprise system is characterized by clear property rights, clear rights and responsibilities, separation of enterprise and scientific management. Organization is diversified, diversification, group management, and increasingly showing large-scale, multinational, cross-industry business trends. Modern enterprise The above characteristics of our current accounting management business made new demands.

(I set up the characteristics of modern enterprise financial management system
As the modern enterprise groups, the characteristics of regional business, corporate head office must be handled properly and under the financial management of relations between the branches. Deal with the relationship between unity and autonomy, the relationship between centralization and decentralization, so that both the flexibility to concentrate financial resources to ensure production priority need, the funds are used effectively, it helps to mobilize the enthusiasm of subordinate branches.

1, the appropriate concentration of financial power, and strengthen management. Funds scheduling rights, disposition of assets rights, voting rights, the right to income distribution, and financial staff to focus on appointing and removing the head, the right to operate the branches only to realize the decentralized management to the Centralized fundamental change in management. At the same time, reduce the management of the radius, as little as three or less set up branch offices, reducing management levels, is conducive to appropriate concentration of financial power, to achieve effective monitoring.

2 and improve the internal mechanisms, and strengthen financial regulation. The management structure should be scientific and financial resources to build up a unified management system, implementation should be rigid, inspection, supervision should be in place. The establishment of internal settlement center for the effective intermediation of funds and the strengthening of monitoring. The corporate internal financial information networking to enhance the quality of financial control.

3, the implementation of management by objectives, improve the incentive mechanism. Goal of management is a final examination results as the core of modern management, to achieve the division's performance evaluation and control, the incentive is the best way to mobilize under the branches of operation and management of the initiative is a kind of forced restraint.

4, the unified procurement of goods. Implemented a similar system of government procurement, harmonization of procurement system to facilitate reducing purchasing costs, reduce storage costs, accelerate cash flow.

(B establish the characteristics of modern enterprise financial management organization
1, detached type. That the chairman of the board consists of the Director, in charge of corporate financial accounting. This institution embodies the Board of Directors authorized, and it helps to fully reflect the status and role of financial accounting, effectively safeguarding the interests of shareholders or investors .

2, expert. That is under the chief accountant, general manager, responsible for accounting in charge of corporate finance. At present most of the enterprises in China use this setting. This organization fully reflect the financial and accounting management, professional and expert advice to decision-making authority .

3, decentralized. That under the general manager, deputy general manager responsible for corporate finance work. This is more common in American business. In this institution, responsible for business executives have the title of vice president of finance. Directly report financial information to the general manager.

For our enterprises, joint-stock companies can implement the first detachment type, while the corporate system of the enterprises of the second expert is suitable for the situation.

(C establish the characteristics of modern enterprise financial management system
According to China's corporate accounting practices and the requirements of modern enterprises, enterprise accounting management system should be divided into general accounting, responsibility accounting and management accounting at three levels.

1, general accounting. That traditional financial accounting, it is a complete record of revenues and expenditures of business activities, and through the income statement, balance sheet, cash flow and other financial reports submitted to the outside, the management of the enterprise financial analysis and decision to provide reliable financial information, while providing investors and shareholders as an investment in the reference.

2, responsibility accounting. Responsibility for control of internal management accounting is the accounting, the main form of use value, through the establishment of levels of responsibility center, goal management, variance analysis, responsibility transfers responsibility for the preparation of reports and statements of responsibility and other methods of production and business activities within the enterprise process cost, and results take up accounting and supervision, and with the team combination of economic accounting, and financial responsibility at all levels of management personnel linked to the enterprise to achieve responsibilities, rights, and profit to achieve the goal of optimizing business management purposes.

3, management accounting. Management accounting is the accumulation of data through a series of specialized methods, that the internal management of service-oriented, future-oriented planning and control of all economic activities took place daily, for business leaders to decision-making data. It is mainly through enterprise value of forecasting, planning, control and decision-making, including the formulation of corporate financial objectives, profit planning, financial budgeting, financial control and cost control, investment decisions and financing decisions, forecasting and new product development, sales forecasting, etc., in order to strengthen management, participation in decision making. reposted elsewhere in the Research Papers Download http://www.hi138.com Third, the new trend of development of financial management

As e-commerce and a combination of traditional accounting - the emergence of e-business accounting, the traditional basis of accounting recognition, measurement standards, the entire contents of the report until the theoretical framework of financial accounting have had a huge impact, but also breeds Financial Management applications within the first epoch-making system changes.

(A generation of e-business accounting
"E-commerce accounting" is to use the network of financial software to help companies achieve financial and business collaboration, remote reporting, reimbursement, audit, auditing remote processing, accounting matters in the dynamic online financial management. It produced a certain degree of inevitability: 1 , the rapid development of e-commerce. E-commerce has come only in the United States 1998 e-commerce transaction volume reached 29 billion U.S. dollars, is expected by 2002 will reach 250 billion U.S. dollars, Internet will become the world's largest, most efficient The most secure markets. Therefore, the rapid spread of e-commerce is bound to promote the emergence and development of e-commerce .2 accounting, business processes need. the urgent need to solve the financial management such as consolidation, the financial status of these issues have remote data processing, data storage capabilities of the financial system. Therefore, the financial management of the business needs, to promote the emergence of e-commerce accounting .3, the feasibility of technological development. modern information technology for the development of e-business accounting software provides a solid technical support. In addition, Internet firewall technology, window NT user security mechanisms for the successful development of e-business accounting software provides security, also contributed to the emergence of e-commerce accounting.

(B e-commerce accounting features:
1, e-commerce accounting full sharing of information resources, 2, writing electronic, transfer of accounting information and data network, and 3, accounting, account processing to achieve real-time tracking, 4, thoughtful, intelligent accounting services, 5, a significant reduction in transaction costs.

(C bottleneck restricting the development of e-business accounting:
1, supporting the laws, regulations, imperfect, 2, compound serious shortage of qualified personnel, 3, financial accounting software is not yet mature, 4, perfect security and confidentiality measures.

(D) the full development of e-business accounting measures
1, to strengthen security measures in e-business accounting, 2, legislative measures to enhance e-commerce, accounting for e-commerce to provide a sound legal environment, 3, and vigorously develop comprehensive, complex e-commerce accounting personnel, 4, to increase e-commerce Accounting software development, and strengthen e-commerce accounting network construction, 5, and actively cultivate and develop e-business accounting market.

As more and more Chinese companies to international market competition among the use of advanced technology and information management tools to arm businesses, to build a powerful financial management as the center of the enterprise management system, based on the domestic Chinese enterprises to improve the management efficiency, enhance competition in the market dynamic, out of the country's magic. and use of the market in the advanced financial and business management software technology to build powerful business enterprise management platform, to strengthen their own management and innovation, the establishment of international integration of standardized accounting system and financial system, enhance the international competitiveness of Chinese enterprises in today's global context of economic integration is the only way to survival and development of Chinese enterprises.

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