What Is a Financial Inclusion?

Generally speaking, corporate financial culture means that under certain social, economic, political, cultural and other environmental influences, the company has long advocated and cultivated the moral spirit, financial behavior norms and physical financial facilities, etc. that are jointly shaped by financial managers and all employees. The sum of wealth and spiritual wealth. Corporate financial culture can be understood in two broad and narrow senses.

Corporate financial culture

Generally speaking, corporate financial culture means that under certain social, economic, political, cultural and other environmental influences, the company has long advocated and cultivated the moral spirit, financial behavior norms and physical financial facilities, etc. that are jointly shaped by financial managers and all employees. The sum of wealth and spiritual wealth. Corporate financial culture can be understood in two broad and narrow senses.

Chinese name

Corporate financial culture

Category

company culture

Content

Including knowledge, religion

Category

Broad and narrow sense

Financial culture in a broad sense refers to the influence of financial development and changes, and its mode selection and financial behavior.It is composed of human activities, behavior models, and spiritual and physical facilities, including knowledge, religion, beliefs, politics, economics, and legal systems. The complex implied by finance. Its extension includes financial material culture, financial system culture and financial spiritual culture. The narrow financial culture only refers to the ideology of financial personnel, that is, a cultural concept formed by financial personnel in long-term practical activities. Its extension only includes the achievements of spiritual civilization such as the ideology, values, spiritual features, psychological qualities, ethics and interpersonal communication of financial personnel.

Generally speaking, the connotation of financial culture should be grasped from a broad perspective. Financial culture is the foundation of modern finance, modern finance both the spirit of modernization, but also to modernize the system, modern materials. In addition, financial culture and long history, just difficult to distinguish from the ancient culture of financial and spiritual aspects of modern financial culture, Chinese culture and Western finance financial culture, but also does not reflect the progress of the financial culture.

It is not difficult to see that the essence of financial culture is the unique cultural phenomenon and financial management thoughts that center on people, take cultural guidance as the fundamental means, and stimulate the conscious behavior of financial personnel. As a cultural phenomenon, it emphasizes the establishment of a people-oriented financial management philosophy. People are the starting point when recognizing and solving problems, and realize the cohesion of the financial staff group in the form of culture, so that the financial staff group can play its largest overall function. As a kind of financial management thought, it believes that financial personnel are the main body of financial management. The core of financial management is the management of financial personnel. Only by improving the financial consciousness, business level, cultural quality, and moral sentiment of financial personnel can financial management be fully utilized. The function of management achieves the goal of financial management. Therefore, to strengthen financial management, we must first strengthen the management of financial personnel.

Corporate financial culture can be understood in two broad and narrow senses. Financial finance in a broad sense refers to its influence on financial development and changes, its mode selection, and financial behavior.

From the perspective of the hierarchical structure of financial culture, financial culture includes three aspects: financial material culture, financial system culture, and financial spiritual culture:

The spirit of financial culture should be based on the ethical values that combine reason and virtue. In the practice of financial management, we must first be honest and faithful. China has now established it as a basic principle in the Anti-Unfair Competition Law and stipulated it in specific provisions.

Building a healthy financial material culture

Studying corporate financial culture, financial risk is also a key issue. Financial risk refers to the risk of a company's financial results and financial situation. It has narrow and broad meanings: narrow financial risk is caused by corporate liabilities, and specifically refers to the possibility of corporate insolvency and corporate profits increased by borrowing funds ( Shareholders' equity), together with operating risk and capital market risk, constitute the main body of risk facing the enterprise. Generalized financial risk refers to the objective existence of an enterprise's financial system. Due to various factors that are difficult or unpredictable and controllable, the company's realized financial income and the expected financial income deviate from each other, and thus the opportunity or possibility of loss is incurred.

(I) Establishing the financial culture development concept and strengthening the awareness of financial cultural power

While attaching importance to the development of the company's material productive forces, we must also pay attention to the development of financial cultural power, and form a strong financial cultural atmosphere. The development of corporate financial and cultural capabilities reflects a people-oriented scientific outlook on development. It can not only promote the development of production and operation of enterprises, but also promote the development of corporate culture and financial culture, inject more humanistic connotation into the economy, not only achieve the expansion of economic aggregates, but also achieve a qualitative leap, so that the enterprise can go on a financial management The benign track of sustainable development with humanization, efficiency, low consumption and less pollution.

(2) Continuously deepen the internal financial management reform of enterprises, and lift the cultural impediment to the development of financial cultural power

The reform of corporate financial management involves a wide range and affects the interests of stakeholders. Find the foothold of the reform and grasp the key links. Financial management reform must first emphasize the fair treatment of each stakeholder, so as to form a healthy financial culture. Secondly, we must emphasize the efficiency and effectiveness of financial management, that is, let every stakeholder pay attention to the efficiency and effectiveness of financial management of the enterprise, and form a true financial culture of the community of interests, rather than a divided financial culture. Let everyone understand that there is only unity and cooperation. Everyone can go to heaven; division and internal friction and irresponsibility, many people end up in hell. Third, we must improve and strictly implement the financial management system of the enterprise. The system is the same for every employee, from the chairman to the cleaners. Finally, we must continue to provide financial management training to our employees so that everyone can become a financially savvy person.

(3) Strengthen the construction of corporate financial culture

The construction of corporate financial culture is related to whether the company can achieve the financial goals of sustainable development, and it is very important for the improvement of corporate financial culture. Excellent financial management system, excellent financial management talents, and good staff team can easily form a good financial culture. A good financial culture requires the exemplary promotion of the senior leadership of the enterprise. Senior leaders must act within the framework of the system. Cultural construction is different from economic construction. Cultural construction has its own regularity. It is necessary to continuously summarize the experience and lessons of corporate financial culture construction, so that corporate financial culture is more conducive to the development of financial cultural power, and financial culture has truly become the soul of corporate financial management.

(4) Create a large number of financial culture talents

Excellent financial management talents are the most important elements of corporate financial culture. To enhance financial culture, it must be supported by high-quality personnel. We must pay attention to investment in financial management talents and employee financial knowledge training, and establish the concept that financial talents are senior talents. Only by bringing up a large number of high-quality financial and cultural talents and showing their vitality and creativity can we liberate the financial and cultural power of enterprises. Because the internal financial culture environment of the company has been optimized, new ideas have been formed, and the mechanism for creating value has been perfected, the financial culture of the company is naturally strong.