On the New Economic Era of Financial Management Problems and Solutions

Papers Keywords:: corporate financial management problems and improve the mechanism of duties for the concept of the Controller of
Abstract: January 1, 2007 Ministry of Finance issued a new "Enterprise Accounting Standards" formally implemented, "Accounting international" discussion continue to emerge. Accounting is the core of international accounting standards do not international. Correctly understand and properly deal with international accounting standards, to achieve a new leap of guidelines for building and breakthrough, there is a very important practical significance. Article on the current status of financial management in China for a brief analysis of the new Economic environment, impact on the financial management point of view of coping strategies.

First, China is now in financial management of enterprise problems
(a) the status of financial management
our corporate finance work, accurate work can be said that corporate accounting, including two pArts: a is the accounting, the second is financial management. Accounting focuses on accounting and finance focus on management.

(1) Economic globalization and the continuous process of international market depth, with Chinese characteristics and national accounting standards with international accounting standards convergence. Economic management accounting as an important pArt of accounting theory and accounting practice in living in a very important position, it is the practice of accounting theory and accounting product of the combination. Accounting standards to standardize the form and has certain practical. However, in theory, it is subject to certain conditions, the requirements of Economic management under the constraints. Therefore, the accounting standards is well received by the impact of the development of social productive forces, but also by political and Economic environment of a pArticular social constraints. In the interim, both old and new accounting concept, the two accounting methods can not avoid the conflict. Find and analyze these issues, both on the accounting standards with Chinese characteristics, but also smoothly with the international accounting standards, and thus in line with international standards of accounting information has immeasurable significance.

(2) affect the financial management of the environment known as the financial environment. Financial environment is difficult for enterprises to change the financial decisions of external constraints. Enterprise financial management of the environment into the financial market environment, economic environment and legal environment. Current financial market reforms at a critical moment, international financial institutions have entered the Chinese market, we must adapt to international competition. World financial freedom led to a completely open rates, foreign exchange deregulation, to achieve free convertibility of currencies, corporate external financial risks. In a market economy society, macroeconomic conditions directly affect the financial activities of enterprises, enterprise financial management opportunities for increased economic environment facing. China's fast economic growth, enterprise development should be the same to conform to accelerate growth, which requires financial managers leeway in decision-making, and even to anticipate the trends. Financial management environment for expansion of the legal constraints. market economy is the rule of law, economy, need to establish a complete legal system to maintain the production order. The law provides for the enterprise space operations, but also provide a free enterprise legal protection. With the continuous development of China's market economy, more and more closely with the international economy, which requires corporate financial officers must not only comply with domestic law, but also to understand the relevant international law. From 1 January 2007, China's enterprises will use internationally accepted accounting language and investors "dialogue", which is the financial officer will be a great ability to adapt to the test.

(B) of the enterprise financial management problems that exist in some blood
enterprise funds, it is only in the full and effective operation in order to realize its value. Enterprise funds to the structure from a number of very complex business units and the use of raising funds should be unified management arrangements, to make maximum use of limited funds effects. Concrete existence of the following issues:
(1) financing aspects. Their size and strength of the strength, reputation, good or bad, affecting its ability to finance capital markets. In borrowing from banks, companies seeking to use what kind of borrowing money, will get more favorable terms and lower financing costs. At present, many enterprises should not take full advantage of the capital market financing of the various financing channels, it funds the development of enterprise groups is not good financial condition.

(2) financial control. In addition to management and coordination of financial sector regulation and the Group financial intermediation, but also respond to the normal operation of the Group financial control and supervision. The essence of financial control of the division of financial authority, the general membership should be based on internal and corporate enterprises the size and number of other factors to determine how much. However, many companies pay for the substantial sums of money does not require the approval of certain rights, resulting in huge amounts of money resulting from failure to pay lightly.


(C) the financial supervision of financial institutions and corporate loopholes
significantly higher than the company has the rights of other sectors, directly pArticipate in the highest decision-making. Increasing complexity of economic activities, financial oversight even more depth and breadth. The effective supervision of accounting functions to play, create and adapt to the modern enterprise system, reflecting the accounting requirements of the market economy system of supervision is particularly important. Many enterprises lack a sound financial monitoring mechanism, so many people in the "acquisitiveness" Driven by illegal use of accounting information in order to improve their economic activities to improve economic efficiency, which leads to crime and economic crime have. Links to Research Papers Download Center http://www.hi138.com