Business Card Knowledge Of Financial Executives

"At different stages of economic and corporate development, the top financial managers of a company assume different responsibilities. In addition, people's positioning and ideas for financial leaders in the social environment are constantly changing. The different Chinese names on their business cards also reflect changes in the times."

Wang Jiuhua said.

In the traditional economic era of Chinese history, it is called Mr. Zhang, who controls financial power in all kinds of pactions.

In the planned economy era and in the initial stage of reform and opening up, financial affairs in Enterprises

Almost all the synonyms that can be substituted for each other, the duty of Accountants is to keep accounts and prepare financial statements faithfully. The name of the financial director reflects the corresponding administrative level of financial executives of overseas enterprises.

With the further development of reform and opening up, the positions and concepts of these foreign multinationals, such as the chief financial officer and chief financial officer, gradually affect the state-owned enterprises and private enterprises as the joint ventures and foreign-funded enterprises enter the Chinese market.

The SASAC began to introduce the chief accountant to the leading enterprises of the central enterprises and participate in major management decisions and risk control.

The chief accountant's global recruitment of several central enterprises led by the SASAC has raised the concern of chief accountants.

What is interesting is that the accurate English plation of the chief accountant in Europe and the United States is Chief Accountant. In the multinational company, the finance department and the accounting department are two closely related departments. The main responsibility of the chief accountant is to be responsible for accounting and preparing accounting statements according to the requirements of the international accounting standards, and report to the chief financial officer and accept the leadership of the chief financial officer.

Wang Jiuhua shared the similarities and differences between chief accountant and chief financial officer.

"With the increasing number of contacts with multinational corporations in Europe and the United States, the demonstration effect of advanced concepts and positions set up by European and American chief financial officers has also begun to win popular support. The appellation of chief financial officer between the chief accountant and the chief financial officer has gradually become popular among state-owned enterprises and private enterprises."

Wang Jiuhua said.

"The mode of operation of European and American companies is to start with equity financing. With capital as an important basic resource, we can hire employees, buy or lease offices and factories, purchase equipment and raw materials, manufacture products, sell products or provide services through expanding the market, achieve the purpose of reclaiming investment and winning profits, and achieve snowball self-development goals relying on the company's internal accumulation of profits."

Wang Jiuhua said.

With the first barrel of gold and

The company can also borrow money through bank loans to realize the leverage of finance, accelerate and expand the reproduction of the company, some of which are able to realize the extraordinary growth of the company through the IPO listing at home and abroad in the face of the rapidly developing market opportunities.

Such a company develops closed loop, highlighting the importance of Finance and financing.

"Foreign capital markets are well developed.

How much determines the scale and efficiency of an enterprise.

It is a common practice abroad to borrow chicken and eggs. Through listing and bank credit, we can accumulate more funds than ourselves and rapidly expand scale and occupy market share. Therefore, foreign chief financial officers should communicate with lawyers, investment banks, private equity funds, public relations and other advisory departments, government agencies and various news media, and promote the rapid development of the company through IPO listing and financing.

Wang Jiuhua emphasized.

The chief financial officer of the world's top 500 companies should take part in the value discovery, strategy formulation and implementation of the company, supervise the operation of the company on behalf of shareholders, and obtain funds for the development of the company through capital market and debt market financing, and then make major decisions such as acquisition, merger, reorganization and strategic investment.

In addition, according to the law, the chief financial officer of western enterprises has the legal responsibility of supervising the operation of the company, which is a bridge between outside investors and enterprises.

Of course, when the chief financial officer fails to complete his mission, the risks it faces are enormous, and the costs are high and sometimes even in prison.