Strengthening Enterprise Financial Management And Implementing Comprehensive Budget Management In Enterprises

Whether an enterprise is healthy or not is related to the internal control of enterprises, especially the perfection and efficiency of financial accounting control.

But the financial problem is a constantly updated and improved work. With the development of enterprises, financial training is very important.

The most important financial management problem in modern enterprise development is how to manage internal control, especially the management of enterprise financial risk.

The risk of enterprise financial management is mainly manifested in many aspects, such as:

The fluctuation of currency risk and currency exchange rate directly affect the performance of enterprises.

Interest rate risk interest rate fluctuations may increase the borrowing cost of enterprises and reduce the output of investment projects.

If liquidity is poor, liquidity may cause enterprises to fall into financial crisis.

The cash withdrawal speed directly affects the efficiency of cash utilization.

Reinvestment funds may not be able to get the same return again after the return of the short-term high return investment projects.

Credit risk customers default on loans for a long time, resulting in a large number of corporate cash squeeze.

Tax risk lacks a manager who knows the tax law better.

The risk of these enterprises' financial management, especially the risk of capital mobility, is most important.

In the course of business operation, losses may arise, but losses will not necessarily bankrupt enterprises.

However, if an enterprise does not have enough capital, it will not be able to achieve rapid development. It will also be declared bankrupt because it is unable to repay its debts.

Therefore, enterprises should pay close attention to cash flow in real time.

The main concerns of corporate cash flow are: enterprise losses, accounts receivable, inventory and so on.

Statistics show that 80% of bankrupt enterprises in developed countries still show profits when they fail, and the main reason for their closure is insufficient cash flow.

Our country is no exception. Once the largest investment bank in Hongkong, the company of Peregrine and the powerful giant company in the mainland of Zhuhai are also in good profitability, but the net cash flow is not enough to repay the maturity debt, causing financial crisis and plunged into bankruptcy.

It can be seen that good profitability is not a sufficient condition for enterprises to develop continuously and healthfully. Whether or not they have normal cash flow is the prerequisite for continuous operation of enterprises.

Some people think that financial accounting is a measurement technology. Some people think it is a management method.

But with the development of economy, more and more people think that financial accounting is a way of enterprise management, especially in the use of funds in enterprises.

I wonder if this statement is accurate? What kind of role does financial accounting play in enterprise management? How can we make it play a better role?

I believe every enterprise has a clear understanding of the importance of financial management.

Financial management runs through all aspects and links of enterprise operation and management. It is no exaggeration to say that financial management is most important in all kinds of business activities of enterprises.

Finance is the core of the whole enterprise management and the "nose" of the whole enterprise management. Many problems will be solved if we do well in financial management.

However,

But it is a very complicated and challenging system work. It is not easy to do well in the financial management of an enterprise.

Faced with such a digital information age in twenty-first Century, the financial management of enterprises is also undergoing an inter - epoch change.

The original and traditional financial management has been impacted unprecedentedly in consciousness, method and system.

Faced with this kind of impact, many enterprises leaders who are not proficient in financial management seem to be at a loss, and financial management is so important to enterprises. If they are careless, they may lose everything, so this situation is very dangerous.

comprehensive

We should implement top-down, bottom-up and top-down methods of compilation.

According to the annual profit index, the financial personnel calculate the gross profit of the product (first calculate the production cost of the unit product and determine the sales price with the salesperson in combination with the market situation), and the annual total cost budget, so as to calculate the lowest target sales target to achieve the profit target.

With the year

The task, combined with inventory control, can determine the annual production tasks, determine the scale of production next year, the type and quantity of raw materials needed to purchase, and purchase and control production.

Combined with the actual situation and past data, the enterprise will further decompose the annual target sales tasks and expenses to the sales units and management departments, and the subordinate units make suggestions for improvement according to their own conditions. The enterprises will allocate the operation data to each unit and the management department again and again according to the suggestion, and finally determine the relevant business data.

To implement a reward and punishment system for a comprehensive budget, any good system must have good executive power. In the process of implementing the comprehensive budget, the enterprises or departments that have fully implemented the overall budget management and have achieved good results will be given some economic rewards, and they must be given financial punishment or demotion for the departments or departments that do not carry out the overall budget execution.