Zhuzhou Tietong Continuously Strengthens Travel Expenses Management

To actively respond to the call of the central government to practise economy and oppose waste, Zhuzhou Tietong is related to the provincial company.

Combined with the actual situation of the branch companies, the regulations on travel expenses were formulated, and the approval system for official business trips was further established and improved. The contents of inter city traffic, urban pportation, accommodation and food subsidies were clearly stipulated.

At the same time, continue to strengthen and standardize.

Reimbursement management and supervision accountability.

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Strategic earnings management refers to the realization of earnings management by means of overall strategic considerations and planning, supplemented by various means such as accounting policy choice, operation mode selection and financial arrangement.

Compared with the above three types of earnings management, strategic earnings management is not a new method of earnings management, but a flexible combination and comprehensive application of the above three kinds of earnings management in a systematic thinking mode.

GE (GE) is a model for strategic earnings management applications.

In 1983 - 1993, through effective earnings management, GE's profits and share prices showed steady growth, setting up a good image of the securities industry's "no sunset".

GE's industrial scale and diversified business structure give it many opportunities to do so.

First Boston Corporation analyst Sankey points out that GE capital has "extraordinary ability to create profits when needed," because its "diversified business portfolio" offers "great flexibility to report earnings."

On the one hand, GE has been constantly merging and restructuring to form a three level industry (business) portfolio that has always been well matched.

The first level is core business: directly affecting recent performance and providing cash flow to maintain business.

The second level, growth business: the new business that is rising, with high growth potential, has the potential to replace the first level, and will eventually replace the first level.

The third level is seed business: we need to focus on selecting carefully cultivated projects.

The three level of business pformation: when the existing core business is declining in the "tomorrow", the "today" growth business will become the core business of tomorrow, and the seed business of "today" will also be pformed into "tomorrow" growth business, and will be ready to provide the basic cash flow for the enterprise to maintain operation on the day after tomorrow.

GE, through reasonable planning, realizes the substitution of business and avoids the huge profits.

On the other hand, GE achieves the goal of smoothing profits by making conscious arrangements for the liquidation and exit of some inferior businesses while gaining high investment returns by selling advantageous businesses.

The strategic level of earnings management is applicable to diversified large enterprise groups involved in many fields and financial holding companies characterized by mergers and acquisitions.

The strategic level of earnings management will not touch the bottom line of the securities market regulators. The main points are reasonable combination of business and reasonable arrangement of business pactions and liquidation time.