What Are The Major Tasks Of Chief Financial Officer?

The chief financial officer is the highest organization commander in financial management.

Auditing accounting reports

Although finance has a lot of work to do in an enterprise, the most basic one is accounting. The chief financial officer is the highest organization commander of the financial management of an enterprise. Its primary task is to organize the accounting of an enterprise. All the financial management work of an enterprise is based on a timely, comprehensive and realistic accounting.

Accounting is the basis of the financial management process of enterprises, while the work is very specific and complicated. The chief financial officer mainly organizes accounting, and does not have to do his own accounting to carry out the accounting specific operations. He mainly organizes the establishment of the enterprise accounting system, the establishment of relevant financial and management systems, and the construction of an efficient accounting organization, bringing out a fighting accounting team to promote the accounting of enterprises to conform to the national policies and meet the interests of the enterprises.

All the work of accounting is ultimately reflected in the accounting report. The chief financial officer supervises the implementation of the system and policies in the process of accounting and supervision through auditing the financial reports, and monitors the implementation process and results of the enterprise budget. The enterprise accounting report is one of the essential tasks of the chief financial officer.

Two. Analysis of enterprise economic activities

Financial reporting is relatively professional and comprehensive.

Three. Organize the preparation of enterprise's financial budget, routine inspection and so on.

With the expansion of enterprise scale, the importance of budget management in enterprise management is more and more prominent. Financial management is also the same. On a large scale enterprise, financial management is mainly carried out around the financial budget. As the highest organizer of financial management, the chief financial officer is the right thing to organize the budgeting of enterprises. Of course, budgeting is only the beginning of financial management, and the key is still in execution. How to make the execution not deviate from the original plan and carry out the routine check of the budget at all times in the execution process is essential. Only in this way can we have real planning, management and analysis afterwards, and budget management is an essential matter for the chief financial officer.

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Four. Organize enterprise cost management and reduce enterprise cost.

In modern economic society, there are very few exclusive businesses.

Five, manage enterprise financial system

The enterprise is a profit oriented economic organization. The organizational management has the commonality. That is the legalization. The rule of law management instead of the rule of man is the necessity of enterprise development. Financial management is an important part of the management of the economic organization, and is the core part. The financial management systematization and legalization are indispensable. As the highest organizer and responsible person of the financial aspect of the enterprise, the chief financial officer is the organizer of the building of the legal system. We should organize the formulation and implementation of the internal financial system of the enterprise, organize the study and implementation of the relevant laws and regulations of the state, finance, finance and taxation, and carry out detailed investigation of the implementation of the system, so as to ensure that the enterprises abide by the law.

Six, allocate the working capital of enterprises

People often compare the capital of the enterprise with the blood of the human body. If the blood is lacking, people will die. Even if they do not suffer from ischemia, they will get sick if they do not flow well. Similarly, the enterprises are also short of funds, and the enterprises will be finished.

In fact, the business process of an enterprise is a process of converting a fund into another capital. From the money capital, it begins through the stages of reserve funds, production funds and sales funds. A cycle finally returns to the state of money and continues to return to the currency. It can not stay at a moment. In the circulation process of the enterprise capital, it is one of the important contents of the enterprise financial management to ensure the demand and flow of the capital. It is also one of the important tasks of the enterprise's financial management, and it is one of the daily work of the financial director.

Seven. Financing for enterprise production and development.

The importance of capital to enterprises is not to be said. In the course of production and operation, the demand for capital is constantly changing with the changes in production and operation. However, for various reasons, it is impossible for enterprises to prepare a treasure chest at any time to be drawn. Less investors can take up all the funds needed for the operation of the enterprise at the same time. Most enterprises need to raise funds needed for the operation of the enterprise through capital market, financial market and market operation. Raising funds for the production, operation and investment development of the enterprise is one of the important tasks of the chief financial officer.

Eight, enterprise tax planning {page_break}

Paying taxes according to law is a statutory obligation of every enterprise. It is a very honorable thing for every enterprise to pay taxes for the construction of the state and pay taxes according to law. However, tax payment will cause the net outflow of enterprises' capital, and the capital outflow of enterprises will be a little bit less, leaving less funds for enterprises to use for themselves, which will not be beneficial to enterprises, especially when enterprises are in urgent need of funds.

If enterprises want to pay taxes in accordance with the law and avoid excessive funds and excessive outflow, business adjustment and tax planning should be carried out. Through tax planning, reasonable adjustment of corporate tax burden and adjustment of capital flow on the basis of compliance with state regulations is one of the work of CFO.

Nine. Participation in enterprise investment decisions

In addition to production and operation, investment is also an important work for determining the fate of an enterprise. If the daily production and operation determine the short-term survival of an enterprise, investment will determine the long-term survival and development of the enterprise. As a profitable organization with continuous operation and pursuit of development, the investment is indispensable for long-term investment. The chief financial officer, as the top organizer of the financial management of the enterprise, is a professional personnel in the financial field. He actively participates in the investment decision of the enterprise, organizes the analysis of the investment bearing capacity, analyzes the investment economic benefit, and raises the funds needed for the investment, and participates in the investment decision of the enterprise, which is also an essential matter for the chief financial officer.

Ten. Coordinate financial relations in all aspects.

Financial department as a part of enterprise organization, financial management as an important part of enterprise management system, finance can not be independent of the organization and management system, it is necessary to have relations with relevant departments and units. It is necessary to maximize the effectiveness of financial management. It is essential to closely cooperate with departments and units. There are many departments with financial relations. Apart from internal procurement, production, operation and other departments, there are many external relations departments, such as customers, industry and commerce, taxation, finance, customs, banks, government and so on. Finance has direct relationship with so many departments.

The author thinks that the chief financial officer should solve the above problems and be interested in the career of the chief financial officer. He should recognize this and pay attention to the study of relevant knowledge in his work process. He should pay attention to accumulate relevant experience and make up his own shortcomings so as to improve his ability quickly and meet the requirements of the enterprise as soon as possible.