The Most Concern Of Corporate Financial Management

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:

Currency risk - the fluctuation of currency exchange rate directly affects the performance of enterprises.

Interest rate risk - interest rate fluctuations may increase borrowing costs and reduce output of investment projects.

Liquidity, if assets are poor in liquidity, may cause enterprises to fall into financial crisis.

Cash turnover -- the speed of cash withdrawal directly affects the efficiency of cash utilization by enterprises.

Reinvestment - capital may not return to the same return after the end of the short term high return investment project.

Credit risk - customers' long-term arrears of payment, resulting in a large number of corporate cash squeeze.

Tax risk - the lack of 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.

With the development of economy, more and more people believe 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?

Financial accounting is an important basic work of modern enterprises. Through a series of accounting procedures, it provides useful information for decision-making and actively participates in business management decisions. It improves the economic efficiency of enterprises and serves the healthy and orderly development of market economy. With the establishment of modern enterprise system, modern enterprise management has gradually become a huge system engineering consisting of personnel management, production management, management, marketing management and financial accounting management. Financial accounting is the information support system of various management activities. Enterprise managers make decisions according to the results of enterprise management and operation provided by financial accounting. The goal of financial accounting is to ensure that managers perform their duties and provide useful information for investment, which highlights the value of financial accounting and shows the important role of financial accounting in enterprises.

The financial management of enterprises has the functions of planning, controlling, supervising and capital operation. There are two common misconceptions about financial management.

One thinks that financial management is to manage money, so long as money is kept, everything can be done well. But this is not the case. In the specific management, accounting plays an important role that can not be ignored. Only by strengthening internal accounting can we really save money and reduce consumption. Otherwise, "money" can not be controlled.

Another is that financial management is the management of the financial sector, the financial sector and other management departments to cut apart, the financial management of the antenna can not be extended to all management work. In fact, there is a big misunderstanding about this statement. If the financial sector is separated from other management departments, financial management will become a useless tree, and its role can not be brought into full play, thus forming two pieces of "skin" in operation and production. Once this situation appears in enterprise management, it will bring great hidden danger.

To do a good job in financial management, in addition to closely cooperate with other management departments, there must be a high-quality accounting team. Financial affairs management object is special, financial personnel must have higher professional quality, and we must strengthen the construction of accounting team at the same time. Financial staff The concept of legal system. Accountants should work in accordance with the provisions of accounting laws, regulations and systems, and ensure that the accounting information provided is lawful, authentic, accurate, timely and complete.

For enterprises, finance is very important, and modern finance is also a concept of "big finance", which involves all aspects of the company. But the company's Management class Not all of them are financial professionals. What are the modern financial management skills that the non-financial senior managers of the company need to master? How to make use of financial information to improve the decision-making level of enterprise management and management, and improve the company's internal control by financial means, so as to better enhance the company's value and improve management performance?

　　 financial management It plays a key role in the management of modern enterprises. But financial management is not just a matter of the financial department. In fact, the non-financial managers of the company need to master some modern financial management skills and methods. Only in this way can we effectively ensure that financial work can proceed smoothly according to the company's development goals. Using financial means to improve company internal control, improve decision-making level, enhance company value, and deeply understand the basic concept of company operation is also an inevitable requirement for enterprises to adapt to increasingly fierce competition.