Financial crisis environment, traffic engineering firms how to strengthen the financial and accounting functions

Abstract: Financial Accounting is the Financial Accounting functions in economic management has the function of the article, according to the current financial crisis is the main environment, how to strengthen the supervisory role of the Financial Accounting of a preliminary study.

Keywords: Financial Accounting functions, traffic engineering enterprises, budget control

The current international financial crisis is still spreading and deepening the impact of the global real economy is increasingly apparent, the world economic and financial situation is still complicated and grim, many countries are still two months before the economy experienced negative growth trend, a recession is inevitable, social stability are facing enormous challenges. Although the Governments effort to restore global economic growth, to prevent a serious recession into a consensus, but the global economic recovery will take time. Affected by China's economic growth is slowing down, although the impact on the Transportation industry lags behind other industries, But inevitably a hit to the management of traffic engineering enterprise of great difficulty.

First, the traffic engineering functions of the company's Financial Accounting
Financial accounting should be divided into Transportation construction capital accounting (accounting and financial infrastructure (management infrastructure is mainly responsible for the daily accounting accounting, imputation of various construction projects in construction costs and expenses; infrastructure is mainly responsible for financial management financial management infrastructure, such as project pre-feasibility study, preliminary design, participation, participation in the construction process and progress of the master, construction, infrastructure after the completion of the financial information prepared for the archives, etc. The two are complementary and mutually promotion. capital accounting (accounting) is the basis for infrastructure finance (management is to protect the capital construction accounting work well on the financial management of infrastructure construction projects related to financial information, helping improve the financial infrastructure management, financial management level up, and protect the quality of accounting has increased steadily. and so forth, both mutual promotion and common Development, a virtuous cycle, thus accounting for the work of the entire capital into a new level. institutional provisions financial departments at all levels is in charge of infrastructure finance functions, the basic construction of the financial activities and monitor the implementation of fiscal and financial management, therefore, the establishment of Transportation construction projects should be relatively independent of the designated person responsible for the financial management infrastructure finance.

Second, the budget management of project funds
Mainly reflected in the financial and accounting functions of the management of project funds budget, which includes budgeting, budget execution, budget evaluation of three links.

(A budget
1, target-oriented. Enterprise budget control system essence is the goal of profit-oriented, and traffic control system is based on capital expenditure budget of goal-oriented expenditures.

2, the operability of the target the budget target is not the same strategic objectives, it is only the year reflects the strategic objectives if budget targets directly replaced with the strategic objectives, there will be budget target is not clear, leading to difficult to operate in practice phenomenon. Therefore, we must also select the basic construction of not only reflects but also in practice, the overall goal of the annual operational budget targets.

3, the level of target for major Transportation construction projects, the management level is complex, so its budget targets should also be compatible with the management level, so that it can help all levels of management play a role, of course, this must be a prerequisite , lower levels of management and budget targets should target senior-level budget coordination.

(B budget execution
Implementation of government procurement and centralized payment system focused on Transportation construction projects should be based on government procurement and treasury centralized payment of the relevant provisions of funds.

Communications Department's expenditures can be viewed as indirect expenses and direct expenses of two parts. Overheads mainly for the lower sector transfer payments, in accordance with this part of the expenditure budget and expenditure by the Department of Transportation funding schedule, which is the bar mode of of some of the other part is the direct expenditure by the Department of Transportation corresponding management departments according to their respective duties and powers, direct the formation of purchasing power of the type of expenditure, which is the bar mode in the horizontal part of the government procurement system is a centralized public expenditure management effective means is the bar mode roads part.

If the Communications Department, subordinate units according to their business requirements and Development requirements, preparation of procurement plans for the coming year, reported to the Office of government procurement management agencies. Hall of government procurement management agencies in accordance with procurement plans for all units in the budget submitted to the budget approval, budget department in accordance with all of the balance of payments, to determine the procurement budget of the budget after approval by the financial sector, management under the Office of Government Procurement approved the procurement budget, after examination, analysis, which will be easy to cross-sector procurement of goods assigned to the procurement catalog compiled centralized purchasing agencies, mainly referring to procurement centers, centralized purchasing of items is not easy to subordinate units assigned to the purchasing agency. Purchasing agency, and then acceptance of the accounts, to accept their reporting, quality inspection reports, and other accessories by purchasing management authorities. Procurement management authorities to notify the accounting center to pay the price, the accounting center of the final payment paid directly to the supplier, the final completion of the entire procurement process. Links to free download http://www.hi138.com
(C budget assessment
For the concrete implementation of the budget process, and a corresponding incentive and restraint mechanisms in the design of incentive and restraint mechanisms should note the following points:
1, the interests of staff at different levels have different needs, the unit's senior management and the general interests of workers have different needs, they reflect a certain incentives are also different senior management pay more attention to self-realization, the unit orderly management as their own achievements, but also concerned about the issue thus affecting the promotion while the unit's general staff focus more on the acquisition of material interests.

2, a combination of incentives and constraints, but also many incentives are binding, these same constraints can also play a stimulating measures, such as the unit of competition, to form a "capable, the levels were so, Yongzhe" competition mechanism, it can enable trade unions to do their job, other employees of adverse selection can be constrained behavior.

Third, strengthen the control of monetary funds flow
Also reflected in the financial accounting functions to enhance the control of monetary capital flow, money funds is a construction unit of blood, the financial control of an important part, which, regulation and management of funds clearing procedures are as follows:
First, the "financial clearing house" for the Transportation or building Development and construction subsidiary of a unified command to open bank accounts. "Financial clearing" reserve account card settlement center seal, subsidiaries or corporate headquarters building seal, 'clearing house "cashier seal, by the" clearing house "in charge of accounting, all units cashier, the cashier in charge of clearing.

Second, a variety of construction funds in the Corporation and each subsidiary or headquarters for the appropriate procedures in cooperation with each other, into the "clearing house" account.

Third, the subsidiary or headquarters inside the building plans, infrastructure and statistical departments supporting the project to establish a sound monitoring and management system construction, bottom-up, division of labor, checks at each level, according to the progress of the project to the "clearing house" to apply the allocation project finance.

Fourth, organize special audit after the completion of the project, according to audit reports and audit findings clearing organization, and then allocated for projects the balance due, organized by the Corporation completed audit of the accounts.

For Transportation around the city's non-operating funds for construction management approach can be applied clearing house, but clearing in the cities under the leadership of Department of Transportation set up, but funds for construction funds from the Highway to the way in clearing accounts. Pay for projects in the highway section, the clearing house can also be monitored under the contract, which reflects the local Department of Transportation and Highway raising funds to build a common monitoring characteristics of places.

Many of transport infrastructure projects of public welfare, and many local matching funds required in the local financial difficulty, many of which are material to the farmers labor contribution or vote the way the local policy to offset the mode of arrival local matching funds. Farmers labor contribution or investment property is valuable, but there is no system provides farmers and local labor contribution or investment property to offset the discount policy, some infrastructure projects can not be bothered this part of the funds for accounting, so that does not accurately reflect the traffic sources of investment for capital construction projects and construction costs, and therefore the system should be clearly recommended that the following approach: First, pricing can be estimated by the corresponding value of the project on the valuation, you can assess the value of the asset valuation, according to estimates on corresponding value pricing to determine the number of the contract price settlement amount must be determined according to the program to be consistent, and second, by the project construction unit and the need to provide matching funds of investment projects together with the main unit on a project construction unit in charge of approval to determine the three the project construction unit according to the amount approved on a charge of, and increase project investment and sources of matching funds.

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