First, the chief financial officer should have the basic qualities

(1) Excellent moral quality

Excellent moral quality is the basic requirement for financial personnel. Only financial personnel with good character can abide by their duties and complete the work required by their duties. And the person in charge of finance whose moral standards are not up to standard may do harm and illegally occupy the interests of enterprises through fraud, forgery and other means. For example, the financial directors of some listed companies collude with outsiders to exaggerate the profitability of enterprises by fictional economic matters, thus achieving the purpose of beautifying statements. This aspect is not determined by the level of professional ability, but the basic moral problem of being a man. Therefore, having good moral quality is the basis of a qualified financial controller.

(B) a high level of professional knowledge

The financial person in charge of an enterprise needs to manage all financial work within the enterprise, master accounting standards and relevant laws and regulations skillfully, and have certain processing ability. Therefore, having a high level of professional knowledge is a requirement for the professional ability of the person in charge of enterprise accounting. Because the standards in China are not completely synchronized with those in this country, some standards still retain their unique China color. When dealing with international economic affairs, the chief financial officer needs to master the relevant international accounting standards in order to handle international economic affairs smoothly. For example, when companies such as Baidu and Alibaba are listed in the United States, it is necessary for the chief financial officer to have good professional ability and be familiar with the requirements of international accounting standards in order to effectively handle the financial work related to listing.

Second, the ability that the person in charge of corporate finance needs to have.

(A) good organization and coordination skills

The person in charge of enterprise finance needs to manage the financial department, so good organization and coordination ability is essential, especially for large enterprises, which have heavy financial work and more department personnel, and need the person in charge of finance to coordinate internal and external work. Internally, it is necessary to coordinate the relationship between different divisions of labor, maintain smooth financial work, maintain good communication and cooperation between internal cashiers and accountants, and improve the efficiency of financial work. For the outside world, it is necessary to handle the relationship with banks and non-bank financial institutions, maintain a good cooperation situation, and provide guarantee for the rapid flow of funds of enterprises, especially real estate and construction enterprises, which have great demand for funds. It is necessary for the chief financial officer of an enterprise to establish good relations with banks and guarantee institutions.

(B) quickly adapt to changes in the external environment

In the market economy, the external environment changes very rapidly, so the national macroeconomic policy and the competitive environment of the industry need to be closely watched, especially the policy changes in taxation. However, the information in the market is complicated, so the chief financial officer should have good information screening ability, screen the external information related to enterprise management, and find out the information that has great influence on enterprise finance and operation, so as to actively grasp the changes in the market. After mastering the changes in the market, the financial leaders of enterprises should actively formulate coping strategies to reduce financial risks and improve the efficiency of the use of enterprise funds.

(three) to provide advice for major decisions of enterprises.

In addition to managing daily financial matters, the person in charge of enterprise finance also needs to actively participate in the business decision-making of the enterprise and provide reference opinions for the operation of the enterprise. For example, provide useful suggestions for enterprises in financing and investment, combined with their own professional knowledge. In the period when the external market is constantly changing, the financing of enterprises is greatly affected, especially the recent continuous interest rate cuts and RRR by the central bank, which provide a good financing environment for enterprises and improve the financing difficulty. For the financial director of an enterprise, it is an essential ability to make a good financing plan and provide advice to decision makers.

Three, the main responsibilities of the person in charge of corporate finance

(A) the management of enterprise funds

The person in charge of enterprise finance manages the receipt and payment of funds, which involves not only cash on hand and bank deposits, but also the management of bills. For example, the management of commercial bills, checks and promissory notes. Because some companies have a large amount of funds, if they are not well managed, there will be short-term risks of funds. Some enterprises attach too much importance to sales itself, focus too much energy on the pursuit of market share and sales volume, and pay insufficient attention to the management of risks such as financing and investment. The investment and financing risk management mechanism is not perfect, which leads to the inability to effectively control the financing cost and high investment risk. Taking the building materials sales company as an example, because the downstream customers are mainly real estate development enterprises, the real estate market is now depressed, and there may be a lot of credit sales in sales. If the risk is not strictly controlled, there may be the risk that the accounts cannot be recovered, which will bring huge economic losses to the enterprise. Therefore, the financial person in charge of an enterprise should effectively guard against this risk through the management of funds.

(B) the cost management in business operations

For sales, manufacturing and other types of enterprises, it is necessary to focus on managing management expenses and financial expenses. For example, for a sales company, the main expenses are storage expenses, transportation expenses, employee salaries and so on. For an enterprise that mainly focuses on product circulation, it does not involve production expenses and manufacturing expenses. For example, some sales companies do not manage the expenses carefully, which leads to the expenses exceeding a reasonable level, and this expenditure accounts for a large part of the amount. The management of expenses is mainly to control expenses, improve operating efficiency and manage expenses from different paths. For sales enterprises, storage costs and transportation costs include fixed costs and variable costs. Fixed expenses are difficult to reduce in the short term, but variable expenses can be reduced by making more accurate sales plans and controlling inventory reasonably. In this regard, the person in charge of corporate finance needs to control the expenses reasonably.

(3) Budget management

Budget is very important for the cost management of enterprises. Good budget management can effectively control enterprise costs and increase enterprise benefits. Due to the intensified competition in the external market, for enterprises selling building materials, the downstream real estate industry is depressed and uncertainties are increasing, so the budgeting of enterprises needs to reflect the changes in the external environment in time. At present, the comprehensive budget of many enterprises is compiled once a year, which will not change basically, even if the change is very small, and will be adjusted once every six months. This budget method has been unable to adapt to the rapid changes in the external environment. Enterprises need more flexible budgeting methods to be closer to the market.

The person in charge of enterprise finance needs to control the budget, implement comprehensive budget management, shorten the preparation cycle, and adopt the form of rolling budget, which is generally integrated once every three months. When preparing a budget, it is beneficial to the implementation and supervision of the budget to decompose the annual budget first, then divide it into quarters and refine the comprehensive budget. After the budget preparation of the first quarter is completed, the budget preparation of the remaining three quarters will only list the total number of each quarter without detailed division. After the budget for the first quarter is completed, the budget for the second quarter will be carefully prepared according to the situation in the first quarter and the changes in the external environment. By analogy, the accuracy of the budget can be improved by subdividing the annual comprehensive budget.

(D) accounting management of daily transactions of enterprises

Current account is the key part that enterprises need to pay attention to, and many financial frauds and frauds are often carried out through fictitious current accounts. For example, fictitious other receivables, accounts receivable, etc. , inflated corporate assets. In companies that mainly sell goods, the accounting of purchasing and sales is a daily business, but it is also a business that needs to be focused on. Sales-oriented enterprises have high requirements for financial leaders because of their large business volume and complicated contents. If accounting management is not in place, accounting errors are likely to occur. In the daily accounting, the person in charge of finance should focus on the accounting items with large amount, but can't ignore the accounting items with small amount, and check the entry and exit of the accounting items with small amount to realize comprehensive and accurate management.

(v) Management of statement preparation

Listed companies need to publish financial statements every quarter and every year, and the person in charge of finance needs to be responsible for the preparation and audit of financial statements. The report reflects the sales situation of the enterprise in that year or this quarter, and is a comprehensive summary of the operation of the enterprise for a period of time. The report should fully reflect the operating conditions of the enterprise, and should not falsely increase the sales amount or fictitious profits. At the same time, it is not allowed to understate expenses such as income and expenses. Statements should be objective and fair. The person in charge of finance should be responsible for the statements prepared by the enterprise, actively supervise the preparation of management statements, and do a good job in the preparation and reporting of statements.

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