Monitoring And Practical Cases Of Group Financial Centralized Management

< p > take the implementation of financial supervision and control of a wholly owned subsidiary by a group company as an example.

The head of a wholly owned subsidiary and the financial manager shall be appointed by the general manager of a group company. The head of a wholly owned subsidiary shall be responsible for the general manager of the group company.

The group company carries out the unified management of financial accounting for wholly owned subsidiaries. Its main points include: (1) handling the approval procedures of annual accounts; (2) reporting the balance sheet, the profit statement and the annual cash flow statement monthly, and timely analyzing the accounting actual performance of wholly owned subsidiaries; (3) helping the wholly owned subsidiary to prepare budgets and medium-term plans; (4) guiding and guiding opinions on the financial and accounting aspects of wholly owned subsidiary companies.

Wholly owned subsidiaries, without the consent of the leaders of the group, are prohibited from undertaking mortgage, guarantee and foreign investment activities in any form. When a wholly owned subsidiary purchases a fixed asset, it will report it to the group company with the annual comprehensive plan. When the purchase of fixed assets is temporarily increased in special circumstances, it is necessary to report the additional plan. The capital and capital needed by the wholly owned subsidiary should be solved on its own. If the cash flow difficulties are used to the group company, the financial department of the group company should first sign the opinions, and be approved by the leaders of the group company.

< /p >

< p > < < a href= > http://www.91se91.com/news/index_c.asp > > financial > /a > centralized management has many advantages: first, improve the efficiency of capital use and strengthen the sense of capital management.

By implementing centralized financial management, the enterprise groups centralize the idle and dispersed funds of the companies in the group and allocate them to the companies needing funds in the group. The capital operation is strengthened through the withdrawal of funds and the dispatch of funds. At the same time, the enterprises in the group are encouraged to strengthen capital management and realize the balance and effectiveness of capital flows.

< /p >

< p > Second, strengthen the internal control of the group.

There are a large number of general enterprise members in the enterprise group. < a href= "http://www.91se91.com/news/index_c.asp" > organization level < /a > complex, management chain is long, and centralized financial management can make the operation of subsidiaries in the group, especially the operation of funds, under the supervision of the group, so as to ensure its business behavior is standardized, safe and efficient.

< /p >

< p > Third, reduce group < a href= "http://www.91se91.com/news/index_c.asp" > financial cost < /a >.

The centralized financial management of enterprise groups enables the group to integrate funds, revitalize capital and raise the utilization rate of funds.

Under the same investment and production scale, the demand for funds for banks has decreased correspondingly and interest costs have been reduced.

The group used short-term credit to meet the long-term use of subordinates and reduced the risk of high debt management.

< /p >

< p > Fourth, improve the credit rating of the group.

After the centralized financial management of enterprise groups, each subsidiary no longer has credit relationship with banks alone, but carries out credit activities in the name of enterprise groups, so it is easier to obtain financing from banks.

< /p >

< p > fifth, providing reliable information in real time to ensure the smooth operation of the whole enterprise and the healthy development of the subsidiary's production and operation activities.

< /p >

< p > financial centralized management is an organic combination of information technology and advanced management ideas and management methods. It improves the comprehensive management level of financial and business of large enterprises, and effectively configuring, managing, controlling and optimizing the overall enterprise resources.

This method will play a significant role in promoting effective financial management of enterprise groups.

It will be adopted by enterprise groups more and more.

< /p >