How Do I Choose the Best Financial Management Framework?

First, let's clarify the concept of the enterprise's "financial management system". The author believes that the financial management system of an enterprise includes four aspects: financial accounting personnel, financial accounting institutions, financial management systems, and corporate accounting policies.

Financial management system

Right!
First, let's clarify the concept of the enterprise's "financial management system". The author believes that the enterprise's financial management system includes financial accounting personnel, financial accounting institutions,
Financial accountants should include chief accountants, chief financial officers,
First, improve the comprehensive budget management system with cash budget as the core. Chen Yupei emphasized that with the company's further reform and adjustment, institutional integration, and rapid development of capital operation, the traditional simple fund management model will restrict the company's fund management system to develop to a higher level. Therefore, change the company's traditional budget system, strengthen the guiding position of cash flow in the budget system, form a scientific and reasonable budget management system with capital budget as the core, and strengthen process control such as prior capital demand budget, in-process management control, and information feedback summary. Through the centralized management of fund revenue and expenditure, the participation of the entire process of fund management in the implementation of the budget has been promoted, and the improvement of the company's comprehensive budget management system has become the top priority of Chengfa Group's financial work.
The second is to improve the internal control system based on specific business. First of all, according to the type of purchaser's materials or labor services, the central management department is determined, the responsibilities and authority of relevant department personnel and the corresponding procurement and approval procedures are strengthened, the management of purchase payment is strengthened, the responsibilities and rights of the payment reviewer are clarified, and strict audit Purchase budgets, contracts, related documents, approval procedures, etc .; Second, strengthen market investigations, rationally determine pricing mechanisms and credit methods, adjust sales strategies in a timely manner based on market changes, and flexibly use multiple strategies and sales methods to promote sales goals; Third, strengthen project cost management, clarify the preliminary design estimates, construction drawing budget preparation methods, and review and approve in accordance with the prescribed authority and procedures; finally, strengthen the monitoring of the construction process of the project and implement strict budget management and project supervision systems .
The third is to establish the concept of cost management and improve the cost accounting system. Reasonably arrange the structure of various financing methods to reduce the weighted average capital cost of the enterprise to the minimum. Product costs are controlled throughout the process, including design costs, material procurement costs, and production costs. By determining the optimal pass rate of the product, the cost of prevention and inspection can be reduced, so as to achieve the purpose of quality cost control.
The fourth is to establish fast and efficient accounting information network system. With the smooth implementation of the overall listed capital operation of Chengfa Group, efforts have been made to adjust its institutions. At the same time, it actively learns the advanced information management model of fraternal units, serves the company's military products, scientific research and other information resource-intensive projects as early as possible, and gradually promotes the management of other company's product projects, and finally realizes the company's financial management informationization and production Seamless integration of management information.
The fifth is to improve the quality of the core and build a structured accounting team. With the rapid development of Chengfa Group, no matter from the perspectives of material procurement, tax planning, fund settlement, etc., corresponding financial application talents are needed.

IN OTHER LANGUAGES

Was this article helpful? Thanks for the feedback Thanks for the feedback

How can we help? How can we help?