How To Strengthen The Financial Control Ability Of Modern Enterprises?

The content of financial management has different expressions from different angles: from the analysis of capital movement process, including financial management, capital raising, capital investment, capital operation, income distribution, etc., from the analysis of management links, financial management includes financial forecast, financial decision, financial control and financial analysis. What is the most important part of the above contents? There are different opinions in the theoretical circles: some people think that they are raising, investing and distributing; others think it is financial decision; others think it is financial control.

The author agrees with the third views. The reasons are: first, because of the multi-level agency relationship within the enterprise, financial management is divided into several levels, namely, investor finance, operator finance and financial manager finance. From the angle of enterprises, financial management mainly belongs to the level of managers and financial managers. Their basic duties are to implement the strategic decisions of the board of directors and to implement company budgets, so they are called executive rather than decision-making. Two, in the financial activities of enterprises, there will inevitably be various economic relations with all parties. Only by solving and coordinating the contradictions among the various actors in the enterprise and between the enterprises and the external interest groups can we ensure the realization of the enterprise goals.

Based on this understanding, enterprise finance mainly belongs to the category of management. It takes system management as the main feature, and solves the problem of asymmetric incentives and constraints from the financial system. It coordinates and directs the financial activities of departments and units to achieve the overall objectives of enterprises. The task of financial control is to integrate individual and decentralized financial actions through regulation, communication and cooperation, and to pursue short-term or long-term financial objectives of enterprises. Therefore, financial control is at the core position in the financial management system of enterprises.

The stratification of control subjects is mainly aimed at the enterprises of the company. This is mainly due to the fact that under the form of proprietorship or partnership organization, the owners of the ownership and management rights are basically unified and indivisible, and the financial rights of enterprises are naturally inseparable.

First, Contributor As the owner of an enterprise, under the mode of separating the two rights of ownership and management rights of a company, in order to ensure the realization of its capital preservation, value added and income distribution, the main purpose is to exercise financial supervision and control power to restrict the financial behavior of the operators, so as to ensure capital safety and value added. Specifically, it includes: financing decisions based on prevention of dilution of ownership; foreign investment decisions based on protection of investors' rights and interests; capital change decisions based on merger, separation, withdrawal and liquidation; and profit allocation decisions based on pursuit of capital gains.

Secondly, operator In order to ensure the integrity and efficient operation of the legal person's property, it must directly and directly participate in the financial decisions of enterprises, mainly composed of managers of the board and general manager (CEO). According to the relevant provisions of the company law of China, the board of directors is elected by the founding meeting or the general meeting of shareholders. It is the company's legal representative and the highest decision-making and leading body of the company. It is responsible for financial decision-making and control in all aspects, and determines the company's financial status in essence. Specifically, it includes making financial strategies, approving effective financial forecasts, reporting financial status to shareholders' meetings, appointing and dismissing managers of financial departments, organizing and coordinating financial relationships.

Thirdly, the enterprise financial management department, headed by the vice president of enterprise finance, bears most of the specific financial management affairs of the enterprise, and is a specialized financial management organization. Its main responsibilities include: first, responsible for the daily accounting treatment of enterprises, ensuring the accuracy, timely and consistency of the financial affairs; two, establishing and improving the internal financial system of enterprises, standardizing the internal financial behavior of enterprises, carrying out financial analysis, and implementing the internal financial monitoring functions of enterprises.

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At present, a considerable number of enterprises are setting up Internal financial system Not enough attention. System construction is the foundation of financial management. Without system, management can not be standardized. Therefore, establishing and improving the internal financial management system is an important part of the internal supervision of enterprises, which should be highly valued.

The first is the basic business procedure system. Financial management is a strict procedure management process. A little unreasonable setting will affect the efficiency of financial management. Practice includes: the compilation and adjustment of financial plan; the operation and result feedback procedure of capital, cost, sales, profit forecast; capital management method; accounts receivable registration, checking, cleaning and storage system; investment plan, feasibility analysis procedure of investment project; sales settlement, return, discount, discount management; financial analysis internal index system, analysis method, analysis requirement, organization and reporting sequence and so on.