Introduction: In the first week of this semester, we studied the ERP sand table simulation practice course. We simulated a production enterprise. The following is my training experience for CFO, I hope it will help you.
Chapter 1: CFO's training experience Under the guidance of teachers, we adopt the mode of group division of labor, which is divided into CEO, finance department, production department, purchasing department and marketing department. After learning the theoretical knowledge, according to the learned knowledge, in the simulated company, the various components of ERP are practiced and simulated in the sand table. Although at the time of liquidation, looking at our unsatisfactory sand table and final performance, we felt the lack of our own experience and practice, but we still learned from the painful lessons.
In the actual operation process, the teacher led us to do the simulation in the zeroth year, and then we finished it ourselves from the first year. In the team, I play the role of chief financial officer, and manage and allocate the company's financial resources with my financial assistant. My main task is to assist the CEO in preparing the production and sales budget at the beginning of each year, keeping accounts and reconciling various economic transactions in the course of operation, doing a good job in cash inventory at the beginning and end of each period, settling various expenses at the end of each year, and preparing the income statement and balance sheet. In the process of operation, I realized that financial management must have excellent financial knowledge and rigorous and cautious business operation, and my lack of professional knowledge and carelessness led to great financial setbacks. Let me explain my experience and feelings in finance.
Be careful in the process of cash payment and bookkeeping. Every economic transaction must be truthfully registered in the corresponding accounting subjects, so that the accounts are consistent with the facts, which is also the basis for calculating expenses, compiling profit and loss statements and balance sheets. At the end of each year, the balance sheet must be assets = liabilities+owner's equity, which is very difficult for me. There will always be some deviations that lead to the imbalance of the equation.
At first, I thought it was easy to make a simple budget, profit statement and balance sheet for an enterprise as long as I had the corresponding knowledge, but when I really carried out the actual operation of the enterprise, I deeply felt that as a chief financial officer, it was not enough to just make a capital budget and prepare financial statements. In an enterprise, finance is the link between departments and personnel. Any department and any employee should deal with financial personnel, and the chief financial officer is the main figure in the financial module. Therefore, it is more necessary to negotiate and cooperate with various departments, do a good job of communication, and realize the effective operation of enterprise funds. The operation of enterprises is based on capital, and the investment in advertising fees, the selection of orders, the ordering of materials, the investment in production lines, the development of markets, the certification of ISO qualifications and the budget of management expenses all involve capital.
Payment and turnover. When the liquidity is insufficient, we should also consider whether the residual owner's equity in the previous year allows the enterprise to apply for a loan, the loan amount, the loan interest, the discount of accounts receivable, the sale of enterprise assets and other issues. Therefore, the chief financial officer should not only understand and master the capital operation of enterprises, but also understand the operation of various departments, so as to make the most reasonable capital budget for enterprises and make their operations profitable.
Next, let me talk about my feelings as a chief financial officer. First of all, in collective work, all departments of the company must unite and cooperate to give full play to team spirit; In the initial stage of business, enterprises should rationally analyze market demand and rationally invest in advertising expenses; In the first and second years, we should reasonably arrange investment projects and capital budgets; According to the market prospect, rationally develop the market and investment qualification certification; Accurate calculation of production capacity and reasonable selection of production orders; Arrange purchasing data reasonably according to production capacity and order.
Under the teacher's patient guidance, through this ERP sand table simulation practice, I have a systematic understanding and understanding of enterprise resource planning, experienced the complete process of a manufacturing enterprise from production chain to sales chain and the functions of various departments, which made me realize the importance of cooperation between various departments and personnel in the actual operation of the enterprise. What impresses me is that enterprise managers do their own jobs well and coordinate the communication between departments and employees, which has an important guiding role in practical work. Although the simulation training was short, I learned a lot from it. Finally, thank the teacher for his careful guidance and patience from beginning to end!
The second part: ERP sand table simulation training experience In this hot summer, the raging high temperature can't compare with the enthusiasm of all the faculty members of the Department of Finance and Economics, and it can't break our determination to contribute to the evaluation and construction of the school. Under the leadership and encouragement of department leaders, our professional teachers held a number of projects in the summer despite the high temperature, and I was fortunate to be a member of ERP software training. The training organized by the department has high quality, rich content and excellent learning environment, which makes us have a comprehensive grasp and understanding of ERP knowledge and broaden our horizons.
(ERP-Enterprise Resource Planning) refers to a management platform based on information technology, which provides relevant transaction control and decision support means for people inside and outside the enterprise with systematic management ideas. ERP system, which combines information technology and advanced management ideas, has become a widely used operation mode in modern enterprises, which embodies the requirements of the times for enterprises to rationally allocate resources and create social wealth to the maximum, and has become the cornerstone for enterprises to survive and develop in the information age. ERP is essentially based on MRP II, but it has surpassed the traditional MRP II in function and technology. This is a customer-driven, time-based enterprise resource planning for the whole supply chain management.
I benefited a lot from the sand table simulation training. Although the ERP sand table simulation training is only two days, we will run an enterprise for four years in these two days. The training teacher divided us into six groups, and each school member took part in the training as a group. In the end, it depends on who earns more and who is the first, so we are all nervous and hope to get a good ranking. I play the role of CEO in the group, which is very important. If the CEO does not do well, the operation of the whole enterprise will not be good. Because it is the first year to contact ERP sand table, I am very strange to it and don't know how to operate it. Now the teacher leads us to do it again. Initial year? Let's have a preliminary understanding first, and then slowly enter the situation. After four years of training, my experience in each stage is summarized as follows:
1. Submit advertising expenses and grab orders. This step is a crucial step in the whole simulation. As the saying goes, everything is difficult at the beginning. First of all, the operation director predicts the production capacity according to the number of production lines, and provides data support for the marketing director to grab orders. According to the market situation and the company's productivity, as well as the forecast and analysis of competitors, the marketing director communicates with the financial director to determine the expenditure of advertising fees. When the advertising fee ranking is released, it is the marketing director who chooses the most favorable product order for the company according to the data in his hand under the existing circumstances.
2. Production and delivery according to the order. This step was completed well, because careful prediction was made in advance, so the purchasing director spent money from the financial director according to the order, the operation director carried out orderly production according to the production line capacity, and delivered the goods to get the payment when the order was completed.
3. Decision on production scale. This step is mainly completed by the operation director, marketing director and financial director. The marketing director predicts the future market demand according to the market trend analysis, and the operation director makes decisions according to the data, including the number of production lines, the type of production lines (manual, semi-automatic, fully automatic, fully automatic/flexible), the idle and utilization of the factory building, etc.
4. Market expansion and product development. The marketing director analyzes the market, predicts the future market trends and product trends, and according to the analysis results, through communication with the financial director, makes different capital investments for different markets (local, regional, domestic, Asian and global) and different products (P 1, P2, P3 and P4) and ISO9000 and ISO 14000 certifications.
5. Capital operation. It can be said that the CFO is the hardest in the whole simulation. The CFO must record the inflow and outflow of each fund. At the beginning of each year, the chief financial officer makes a forecast of the annual capital situation, and decides loans (long-term loans and short-term loans), discounts and usury according to the forecast to ensure the continuity of liquidity.
Through this training, in a series of activities such as market analysis, strategy formulation, marketing planning, production organization and financial management. I learned a lot of knowledge that I didn't have in books, which broadened my horizons and made me know how difficult it is to run a business. I was also amused by the idea that I had never been exposed to ERP sand table simulation before. The market is far more complicated and difficult than I thought.
In just a few days' study time, I can only have a general understanding of the whole and conduct in-depth operation on important modules. If you want to use ERP well, you need to practice and practice yourself. There is no end to learning. As a member of the Department of Finance and Economics, we should not only do essential work well, but also improve our own quality, which requires us to constantly supplement new knowledge and skills. ERP training is a good opportunity provided by the leaders of the Department of Finance and Economics. The leaders' concern for our teachers makes us feel warm, and at the same time, it also urges us to make full use of ERP teaching courses to strive for progress for the Department of Finance and Economics.
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