Suggestions On Strengthening Financial Management Of Enterprises

Capital management is the core content of enterprise management. First, we should raise funds reasonably, ensure the minimum cost of capital and capital, and consider the changing trend of bank loan interest rate, and rationally arrange the structure of short-term loans and long-term loans, so as to ensure the minimum cost of capital and capital, and at the same time, we should use them reasonably.

To strengthen control in the use of funds requires a reasonable allocation of financial departments and production and circulation departments. On the other hand, we must strengthen the monitoring of daily cash outflows and implement the system of capital approval and reimbursement, so as to economize the use of funds.

Strengthening the management of accounts receivable and withdrawal of funds and establishing a strict assessment system can reduce the occupation of funds and improve the efficiency of fund utilization.

The establishment of modern enterprise system not only endows enterprises with the right to manage their own finances, but also puts corporate finance in a rapidly changing and highly risky market economy environment, which puts forward higher requirements for financial managers of enterprises, and financial personnel must establish a new concept of financial management.

First, we must strengthen the concept of information. On the one hand, financial personnel provide information for enterprises to raise funds and make investment decisions through collecting information quickly, accurately and comprehensively. On the other hand, the information provided by the analysis of the production and operation status of enterprises has become the basis for enterprises to improve their management and management, which has a significant impact on the management strategy of enterprises and objectively creates value for enterprises.

Therefore, in a complex market economy environment, financial personnel must strengthen the concept of information and pay attention to the development and change of all related factors of enterprises.

Two is to strengthen the concept of development.

Enterprises should pursue long-term sustained and healthy development. Financial management of enterprises must give full consideration to the long-term impact of financial behavior on enterprises.

In market economy, risk and remuneration coexist. In pursuit of profits, enterprises must have a correct measurement between them. In the capital movement, financial structure must be arranged rationally, and the short-term tendency of customer service enterprises' financial decisions should be based on the long-term development of enterprises.

Three is to enhance the concept of risk.

The financial environment of enterprises is complex and changeable, and enterprises inevitably generate certain risks.

For example, in the process of raising funds, the stability risk of financing channels, the exchange rate, interest rate risks, capital structure risks and project risks in the financing process, financial personnel must establish a scientific prediction system to prevent and defuse risks and minimize the risks that may occur.

1, the cost savings directly reflect the economic benefits of enterprises.

Enterprises in the case of constant or declining income, due to effective control of cost can withstand the risk of economic downturn, or reduce the speed of decline, to the enterprise's strategic strategy adjustment to win time and space.

2 cost effective control can enhance the competitiveness of enterprises.

Cost has always been a concern of enterprises. Low cost strategy reflects the degree of meticulous management and shows the power of low cost strategy in a crisis environment.

3 the fineness of cost management, which comprehensively reflects the management level of an enterprise.

Only by strengthening and deepening the cost management can enterprises better cope with all kinds of potential crises.

4, cultivate staff's sense of cost saving, strengthen the attention from top management to employees at the grassroots level, and form a good sense of cost control.

Establish a complete internal supervision system and perform the following duties: attend the relevant meetings of the construction project, supervise the investment in infrastructure projects from beginning to end, supervise the implementation of policies, basic construction management system, financial discipline and regulations in the process of project construction, audit and supervise the rationality and legality of the financial accounting materials of the construction projects, supervise the design changes resulting in the budgetary changes of the construction projects, supervise the formulation and execution of bidding documents for the construction projects, supervise the drafting and execution of the financial provisions for the construction projects, such as appropriation, settlement and so on; supervise the budgetary estimate and budget execution of the construction projects, and preliminarily examine the final accounts or final accounts of the construction projects; and supervise the utilization of the funds for the construction projects, etc. within the construction unit

In the market competition environment, the market brings opportunities for development as well as a lot of unforeseen risks. This requires enterprises to improve their adaptability to the environment through financial management reengineering, and enhance their resilience and risk resistance capabilities.

Enterprises should set up a financial environment research center to make predictions for future changes in the financial environment and formulate corresponding financial countermeasures. At the same time, enterprises should attach importance to human resources development, investment, incentives and protection; enterprises should improve the technological content of products, attach importance to investment and protection of intangible assets, attach importance to technological development, equipment renewal and trial production of new products, so as to obtain excess profits.

But it should be noted that before making a decision, it is better to develop a series of precautions, preservative and compensation measures in advance for different risks, make clear consideration of possible losses, and make adequate psychological preparations so that enterprises will not panic when risk comes, and they will not be able to control their hands.

1, set financial early-warning indicators.

Different enterprises have different industries, and their financial structure and capital structure are different.

According to the industry, scale and operation of construction enterprises and the main financial risks they face, the early warning indicators of financial risks should be based on the Solvency Index and profitability indicators, and the operation capacity and development capability index should be supplemented, with the emphasis on cash flow indicators.

2, choose the standard value of early warning index.

According to the outstanding value, good value, average value, low value, poor value, debt repayment ability, operating capacity, profitability, development ability and cash flow information of the major financial indicators of housing and Civil Engineering Construction issued annually by the SASAC, we set up reasonable warning indicators and "early warning standard values".

3, prepare financial early-warning analysis report.

According to the analysis of financial early-warning indicators, combined with the relevant information collected by other relevant departments of enterprises, the financial management department of the enterprise shall prepare a financial early-warning analysis report.

At present, there are many problems in the financial management of many enterprises. The main reasons are as follows: the quality of Accountants is not high, and they are subject to the leadership, unable to exercise their own supervisory power; the concept of legal system of the enterprise leaders is weak, ignoring the seriousness and compulsion of the financial system and financial discipline.

With the development of China's socialist market economy, it is more consistent with the continuous improvement of the international accounting system, and the demand for knowledge structure of Accountants has been constantly strengthened. Therefore, we should strengthen the construction of accounting team and improve the management quality of all staff members.

Accountants of enterprises should strengthen their professional ethics education, learn the accounting law, the accounting standards and the accounting system, enhance the supervision consciousness of accountants, and require accountants to hold certificates.

Only through the joint efforts of all the staff can improve the financial management of enterprises.