Strengthening Financial Management of the coal enterprises of

[Abstract] strengthen the financial budget management of coal enterprises to set up the implementation of financial budget management system and operation mechanism, the implementation of responsible budgeting, budget management institutions set up to highlight key provisions of budgeting principles, methods and procedures, the budget implementation process should be established system. Strengthen financial management, cost management should be strengthened, effective financial supervision.

[Keywords:] coal enterprises; financial management; awareness

1 to strengthen the financial budget management of coal enterprises

First, establish the implementation of financial budget management system and operation mechanism. In the group within the company to establish a "four management levels accounting" of the financial management system. Four-level management of the company, the second unit level, scientific district team level, team level; three accounts that the company level, the secondary unit level, Division district team level. In the three-tier accounting system is equipped with a full-time financial leadership within the team: group with a chief accountant, deputy chief accountant, financial Minister. The mine operators with two units (or chief accountant), Deputy Chief Accountant, Chief of Finance; the two units under the jurisdiction of the productive area team or department leader with business areas, accounting staff.


Second, responsibility for budget implementation. From budgeting to implementation to evaluation, through the responsibility to always highlight the outline of the system, should clearly define the responsibility of relevant departments. Decision-making responsibility, three levels of budgetary decision-making bodies and policy makers on the financial budget decisions made by the correct and incorrect bear full responsibility. preparation of responsibility, the preparation of tertiary institutions and budget prepared by staff of their own full responsibility for the budget. executive responsibility, the relevant departments and relevant personnel of the budget implementation and control of the whole process is responsible for . Budget management responsibility owned by management, budget execution units bear responsibility for implementation. supervision and inspection responsibilities, the audit department, budget administration organs responsible for the supervision and inspection on the budget.


Third, set the budget management institutions should focus. Group in setting budget management institution should be responsible for the secondary units to absorb the first members of the Commission for the budget, the two units in the institution should set their budget management absorption of the district captain for the budget management committee members, so members are involved in decision-making, enjoy the right to highlight the interaction between the upper and lower management. the members to finish from the "want me to target the implementation of the budget" to "I want to target the implementation of the budget" mentality change. In down the interactive process, to achieve the same objectives, goals and interests of a balanced, win-win, good management of the company budget. In the process, to co-management is recognized that the implementation of budget management is to establish self-discipline, self-control , a good mechanism for self-development and effective way to budget management to enable businesses of all kinds of optimal allocation of resources, and improving the quality of operation, the real business value maximization, but also the value of life of workers is fully expressed.


Fourth, the provisions of budgeting principles, methods and procedures. Preparation of principles should be followed: the decomposition of the implementation of easy targets, easy grade sub-population management, to facilitate clear lines of responsibility; to ensure that the company running under the existing financial system and reduce institutional reform, personnel training costs; to fixed income support, improve employee income; centralized grade preparation, step by step summary of the review. that is prepared for what he did it, what budget do anything prepared, compiled much of the budget held responsible for what; focused, balanced and comprehensive. preparation Methods: The target profit and coal should be sold as an entry point; the cash flow budget for the core, focusing on cost estimates; based on the actual situation, in a fixed budget, flexible budgets, zero-based budgeting and rolling within the budget compilation method of determining the preparation method is confirmed, not be changed within one year. preparation procedures should be in accordance with the top down, bottom to bottom, review balance, consideration and approval, to issue execution.


Fifth, during the execution of the budget system should be established. �� budget "authority to approve" system; �� budget tracking management system; �� budget performance reporting system; �� Analysis of budget execution system; �� budget adjustment system; �� budget evaluation system ; �� budget supervision and inspection system.


2 strengthen the coal enterprise cost management

First, the real objective of the acquisition by cost information for the realization of decision-making more scientific and democratic provide an important basis. Through extensive grassroots units of the cost of collecting information, forming the objective cost accounting for the Group to provide decision-makers to reduce costs, improve efficiency based information, and then to the various units, various sectoral indicators completion of specific analysis, the decomposition of business indicators, targets the formulation of letters of responsibility, the implementation of business objectives letters of responsibility, provide a reliable basis for decision-making more scientific and rational, and standardized. Links to Free Download Center http://www.hi138.com the second paper, the scientific development of cost-accounting indicators, provide for the performance evaluation scale. enterprise production and management strategy for the implementation of the final analysis, is to enhance economic efficiency. how economic evaluation? not just look at production, footage, profit targets completion, non-production costs, the cost of materials consumed to control how, also reflects the effective size. the implementation of scientific and effective cost accounting to form a comprehensive assessment indicators, assessment efforts not only enhanced, but also become performance evaluation of each unit a ruler.


Third, the strict implementation of cost accounting plan for the sharing of internal resources to achieve integration of resources, to ensure that guarantees state-owned assets. In cost accounting basis, adhere to the centralized management, resource sharing of the road, effectively improve the equipment, material utilization, operability of equipment to ensure that funding for normal maintenance supplies and materials into the same time, effectively curb the purchase of spare parts duplication and waste of resources in the production process, materials, goods and materials fully reflect the units "are reserves, resource sharing, swap places remaining "management style, so reserve funds used and materials expenses much lower.


3, effective financial supervision

First, the subsidiary appointed Chief Financial Officer, to achieve the daily financial control. Group appointed chief financial officer, the personnel relations, wage relations, benefits Dengjun the parent company, the cost incurred by the subsidiary. Was appointed Chief Financial Officer, should be subsidiary organizations and monitor the daily financial and accounting activities, participation in decision-making subsidiary of the major business: the Group companies on restructuring, resource allocation, major investment, technology development, implement the important decisions to the subsidiary budget of each subsidiary Class of budget implementation in real time supervisory control; review financial reports of subsidiaries responsible for financial and accounting officer of a subsidiary owned business management, regular reporting to the Group's subsidiary companies operating assets and financial situation. Group Finance Director appointed to monitor by , a subsidiary of a major financial and accounting control activities and the financial revenue and expenditure process, not only the company's overall business objectives and goals are implemented and realized in the subsidiaries and subsidiaries of financial accounting information to monitor the authenticity and objectivity, to effectively maintain group interests.


Second, the strengthening of internal audit, financial control of subsidiaries to achieve. Internal auditing is the whole process of enterprise economic activity carried out an internal financial oversight, through the audit and supervision can prevent and correct implementation of strict financial discipline, statistics false, reporting information distortion and so on. Its purpose is early detection and correction in the financial balance of payments problems, to achieve internal control, maintenance of financial discipline, reduce business risk and promote healthy development of enterprises. and corporate finance internal audit can balance of payments, construction projects, business capital, and other aspects of comprehensive internal control system of supervision, so as to promote enterprises to strengthen management, improve the economic efficiency of enterprises. to play the audit supervision and inspection functions to ensure financial security, improve effectiveness and use of funds significant economic benefits, can effectively prevent the waste of corporate funds, so that limited funds to play a greater role. Meanwhile, business leaders, internal audit is an indispensable means of supervision, can not be replaced with other means for the role of supervision.

Third, the integrity of internal audit institutions and systems. The establishment of internal audit bodies, the formation of a familiar business of training, experience, work style and strong sense of responsibility of the audit team, the independence of the audit work should follow, authority, effectiveness of and objectivity. In order to improve internal audit authority and efficiency, the audit department should receive the direct leadership of the company.


The internal audit department within the enterprise management and self-restraint mechanism an important part of the internal audit must establish a complete management system, and gradually form their own code of conduct. Internal financial audit system, including the flow of monetary funds audit, audit of the construction, and cadres Auditing the internal audit system. Through the implementation of the internal audit system should be put before, during and after the audit, integrate control of adverse events in advance. At the same time of the audit out of the violation of discipline problems to the implementation of the accountability system, the elaboration of penalties for violation of the internal system. Of course, the internal investigation system to highlight the internal resistance, operability and objectivity. Links http://www.hi138.com Research Papers Download