Getting The Numbers Right Is Just A Basic Skill.

Modern financial management must not be digitally based, because the use of accounting to collect and calculate data has become a history. In-depth analysis and strategic recommendations are becoming more and more important. Standard balance sheets, profit and loss statements and so on can no longer reflect the true operating conditions. A set of statements that reflect the overall picture of enterprise management should at least contain these parts.

-- Basic

Statements (balance sheet and month by month comparison, profit statement and profit and loss analysis, important production and operation indicators completion statement, cash flow statement, gross margin analysis sheet).

- the four cost analysis reports are listed in the monthly cost center, and compared with budgets, examinations and the same period last year.

Inventory cost

(total cost table, unit cost table, marginal contribution analysis, inventory turnover analysis table).

- age analysis report (receivable, payable, month by month).

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Statement (bank credit schedule, source and utilization of funds, analysis of financial ratios).

An important current account statement.

Moreover, as an excellent CFO, the most important thing is to focus on cash flow, operational efficiency, operational risk and potential crisis through these reports.