Unforeseen Costs And Risks Of CFO

< p > Zhao Shujie, CFO, a new material company of Beijing Taiji gold circle, has the habit of watching the watch carelessly.

She smiled and explained that at the age of 50, knowing time is precious and far from enough, we must know how to manage time.

From 1993 to become the first batch of outstanding accountants in Beijing, Zhao Shujie has two special concerns in his 20 years of financial career: first, to save time and cost, and two to control and control credit risks.

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< p > < strong > time = cost > /strong > /p >

Zhao Shujie P worked as a chief financial officer of TNS in China for 10 years in TNS.

TNS entered the Chinese market in 1992. It is the first international research company engaged in market research in mainland China.

That is her time of time management, the best time, "strict process management and real-time tracking of efficient management methods, so that the fine management of TNS has done the utmost."

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< p > fine management is one of the effective means to save time and cost.

For example, many enterprises have done detailed research and demonstration in accordance with the mature mode before launching new products; some enterprises have not yet fully established their channels at the initial stage of business, have not yet reached a certain amount of goods and even have not completed the construction of the team, hastily launched the market and invested a lot of fees, resulting in the market unable to start up, resulting in a lot of waste; and some enterprises are too superstitious that the products listed after the a href= "http://sjfzxm.com/DESIGN/designer/index.asp" > marketing /a means, while ignoring the intensive cultivation and teamwork of the products before listing, resulting in congenital deficiencies of the products.

If we fail to achieve the desired results, we will have to do it again, in addition to wasting money and wasting time.

To allocate more time in key links and make full preparations can achieve twice the result with half the effort.

But this is not to say that the longer the time dragged on in these key links, the better the waste of time cost.

Zhao Shujie said that the neglect of time cost management by modern enterprises is nothing more than dragging their own chains.

TNS uses different management methods to manage employees' time.

To benefit time and save time, it helps to achieve the established efficiency goals quickly.

Of course, it is not necessary to shorten the time at all times to save costs. Sometimes under high pressure, employees will be less efficient.

On the contrary, sometimes, paying some time costs will save more expenses or bring more profits to enterprises in the long run.

With affinity and human nature management to drive the vitality of enterprises, the team that makes good use of time management will become the ultimate winner in the process.

Not only for enterprises, but for everyone, time is the most precious asset.

Making good use of time is an important mark in Zhao Shujie's life.

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< p > < strong > emphasis on credit risk < /strong > /p >

< p > credit risk is the possibility of losing one party to the other party in the process of paction under the credit relationship stipulated by the credit market.

In order to improve "investor confidence in the US capital market", the United States passed the Sarbanes act, which means "public company accounting reform and Investor Protection Act".

The first sentence of the bill is "compliance with securities laws to enhance the accuracy and reliability of corporate disclosure, thereby protecting investors and other purposes."

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< p > Zhao Shujie said that the credit risk arising from financial reporting and information disclosure refers to whether the enterprise's financial report is true, accurate and complete, whether there are false records, and whether the truthfulness, timely, misleading statements, whether there are significant omissions and the loss of financial losses caused by the failure to disclose the information in time.

Financial reporting and information disclosure involve the compilation of risks and disclosure risks.

The preparation of risks, including inadequate preparation for the preparation of the statements, incomplete accounting procedures or lack of control, may lead to errors in accounting bookkeeping. The inaccuracy of the inclusion of consolidated statements and incomplete adjustment or merger matters may lead to the risk of untrue and incomplete financial reporting information.

Disclosure risks include improper disclosure procedures, and internal information without proper approval process leads to serious distortion, irrelevant and untimely risks.

Financial report is not only a comprehensive summary of the enterprise's financial status, operating results and cash flow, but also an important channel for users of accounting information to understand the financial and accounting information of enterprises.

But the financial report itself has its limitations, such as reflecting only the past business and capital changes of the enterprise, and can not fully reflect the value of the enterprise. Therefore, the disclosure of off balance sheet information is also an important part of understanding the business situation of the enterprise.

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< p > from state-owned enterprises to multinational corporations, from Tsinghua president class lecturer to private enterprise < a href= "http://zs.sjfzxm.com/" > financial controller /a >, Zhao Shujie contacts with working partners from all over the world, and diversified culture intertwined her to have a different understanding of financial management.

The internal control system of the Sarbanes act must not be absent in any form of enterprise.

It has built a solid dam for risk management of enterprises, which is a more unavoidable task for domestic private enterprises.

Zhao Shujie believes that the authorization and restriction mechanism of shareholders in private enterprises needs to be improved, which is particularly important for the enterprise credit risk prevention mechanism.

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< p > since the us a href= "http://www.91se91.com/news/index_q.asp" > subprime mortgage crisis < /a > in 2008, how to actively promote the comprehensive risk management system with the new capital accord as the core is also testing whether the risk management organizational structure of China's domestic enterprises is sound, and whether the operation mechanism of capital, risk and income balance is perfect.

The "three meetings and one level" corporate governance mechanism runs smoothly, and clarifies the risk management responsibilities of board of directors, board of supervisors, shareholders' meeting and top management level, which is conducive to the improvement of supervision mechanism.

Chinese enterprises should not slack off the risk management process of capital, risk and return.

In the era of market economy and environment which is not optimistic at home and abroad, it is not a once and for all thing to record the change of risk.

If you want to effectively predict the risk control, risk records will be taken every once in a while.

Constantly updating the risk assessment can keep pace with risks.

Zhao Shujie, a private enterprise, looks forward to the risk management of China's private enterprises. He can be good at learning from high-quality state-owned enterprises and multinationals, set up his own corporate governance structure, and find out his own management mechanism, and gradually improve it.

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