1. What is the core of the company's financial management system?

How to interpret financial report effectively? Some people compare financial reports to a common business language. These reports written in financial terms have become the most standardized and commonly used language for information communication among companies, shareholders and management, which is related to the development and prosperity of a company. No matter what your mother tongue is, with the financial report, everyone has a basis for discussion, because this is the common language of the business community. However, in China, there are still many enterprise presidents and executives who can't understand the true meaning of financial statements and financial indicators, which makes the planning, implementation, inspection and revision of many strategies a dead letter. The ultimate impact is the ability of enterprises to formulate and implement strategies.

(2) Effective cost management and control strategy. When pricing products, enterprises usually add profits to the cost. This makes sense, but can we find a breakthrough according to the market price from another angle, so that our products have strong competitiveness in similar products and leave a certain profit margin? Ikea's approach seems to give some inspiration. IKEA relies on its novel and low-cost design to make high quality and low price possible. Cost first or profit first? This theory, which is similar to chicken and egg, may be worth discussing. As an enterprise executive, how to manage and control the cost? Grasp the relationship between cost and business model? How to match a reasonable product line? How to formulate price strategy from the perspective of cost? This requires repeated scrutiny.

(3) How to improve budget management methods and establish a sound budget preparation system. Comprehensive budget management is a planning management method that an enterprise must learn from small to large. Many times, when there are various forms of resources, it is necessary to balance and coordinate to keep the input and output of each item relatively balanced. The so-called "everything is established in advance, and it is abolished if it is not predicted." With a comprehensive and perfect budget system, it is like laying a solid foundation for the development of enterprises and effectively controlling the risks of business operations. At the same time, it also organically and reasonably links the economic activities among various departments within the enterprise, thus improving the efficiency of division of labor and cooperation. Similarly, the budget implementation results also provide a quantitative basis for performance evaluation, which can make the enterprise more perfect and stable.

2. What aspects can an enterprise improve its financial management system?

(1) creditor's rights and debts management. If enterprises don't pay attention to the control of credit sales and their accounts, they will eventually fall into hibernation and their accounts will not be recovered, resulting in huge economic losses and even bankruptcy due to the break of the capital chain. Therefore, enterprises should establish their own accounts collection system and overdue payment collection system, and avoid risks by combining the review and performance of contracts. For major projects and contracts, credit investigation should be conducted in advance, and customers who encounter overdue situations should take the initiative to understand their operating conditions and assets, and find out the scope, nature and ownership of their assets. Once a lawsuit occurs, it can be directly preserved to prevent the loss from expanding.

(2) Internal accounting personnel management. Financial managers have criminal risks driven by interests, and some people may make mistakes in their work, so it is necessary to improve the supervision and inspection system.

(3) Financial risk management. Enterprises mainly have financing risk, investment risk, cash flow risk and joint debt risk, all of which need to be highly controlled.

Importance of Perfecting Financial Management System

Under the market conditions of economic globalization, financial management is an important factor that determines the survival and development of enterprises. Newly-built enterprises should establish a sound financial management system as soon as possible. When an enterprise develops to a certain scale, it is even more necessary to constantly improve and perfect various management systems, and it is imperative to establish and improve the internal financial management system of the enterprise.

First, the importance of establishing and improving the internal financial management system

1, financial management is the foundation and center of enterprise management. Financial management is the economic management of organizing fund movement and dealing with financial relations with relevant parties. It is a kind of value management, which permeates and runs through all economic activities of enterprises. The fund raising, use and distribution of enterprises, as well as all business activities involving funds, belong to the scope of financial management.

Every link of an enterprise's production, operation, purchase, sale, adjustment and storage can not be separated from financial reflection and adjustment. Economic accounting and financial supervision of an enterprise are effective constraints and inspections on its economic activities. Financial management is the common foundation of all management activities, and its central position in enterprise management is an objective requirement.

2. From focusing on production management to financial management, it is a great progress for enterprises. The central goal of an enterprise is how to get the maximum economic benefit with less consumption. Strengthening financial management can promote enterprises to save and tap potential, control expenses and reduce consumption. By raising and dispatching funds and using them together, we can improve the use effect of funds and prevent the waste of funds; Through the management of inventory, we can optimize the inventory structure, reduce the inventory backlog and realize economic inventory; Through the pull of price, the income of enterprises can be increased; Through the management of state-owned assets, enterprises can use state-owned assets reasonably and effectively and realize the preservation and appreciation of state-owned assets. Therefore, giving full play to the leading role of financial management can improve economic benefits more effectively.

3. Enterprise management is centered on financial management, and financial management is centered on fund management. Strengthening fund management and improving the efficiency of fund operation are the primary tasks of financial management. Capital is the "blood" of enterprises, and the movement of capital in enterprises is characterized by circular flow. The life of capital lies in "living". When capital lives, production and operation will live, and when it lives, it will "precipitate" or "drain" without compensation and appreciation. Only by improving the efficiency of capital use can the economic benefits of enterprises be guaranteed. Because of this, it is objective and inevitable that fund management becomes the center of enterprise financial management.

4. Strengthening financial management can find the root of enterprise problems and come up with solutions. Financial management has the characteristics of high sensitivity and can quickly reflect the production and operation of enterprises. All the production and operation activities of an enterprise will ultimately be reflected in the financial results. Through accounting, analysis and comparison, we can check the implementation of enterprise production and business activities, find existing problems and find solutions to them, especially the figures and situations reflected by financial results are authoritative. In enterprise management, whether the decision is proper, whether the operation is reasonable, whether the technology is advanced and whether the production and sales are smooth can be quickly reflected through financial indicators.

Second, the improvement and development of enterprise internal financial system

Under the new financial management mode, a set of internal financial system should be formulated to meet the characteristics of enterprises and management needs. Nothing can be done without rules. The construction of internal financial management system in enterprises is to govern enterprises according to law and manage enterprises according to regulations according to national laws and regulations, and to fix various systems, standards and working procedures formed within enterprises in the form of enterprise legislative chapters as norms to regulate enterprise organizational behavior.

1, formulate a sound financial management system. In order to make the financial management of enterprises have rules to follow, the financial management system that needs to be established is as follows:

① Revenue and expenditure management and inventory system of property, materials and monetary funds. To formulate relevant procedures and management systems for purchasing, receiving, dispatching, selling, inventory surplus, inventory deficit, damage and scrapping of all kinds of property and materials; The use, maintenance and repair system of fixed assets, low-value consumables and packaging materials; Procedures and restraint system for the receipt and payment of monetary funds; Regular and irregular property inventory system.

(2) Clear post responsibility system. According to the company's articles of association and internal post responsibility system, the financial management authority of the company's management, finance department and various functional departments is clarified to realize the efficient and orderly operation of financial management.

③ Basic business process system of financial management. Including the formulation of industrial financial accounting management methods, debt approval, registration, return and interest calculation methods, accounts receivable registration, checking, cleaning and storage systems, investment plans and feasibility analysis procedures for investment projects, project approval and management assessment systems, cost calculation and distribution methods, and expense approval procedures.

2. The financial system should follow certain principles.

① Compliance principle. Compliance refers to the formulation of an enterprise's internal financial system, which must comply with national laws, regulations and policies and must be reflected in the financial system. National financial laws and policies are the principles that enterprises must follow, and also the factors that restrict and guide enterprises to formulate internal financial systems.

② The principle of integrating theory with practice. Different enterprises have different production scales, management modes and organizational forms, and the contents and methods of their financial activities cannot be completely consistent. When formulating the internal financial system of enterprises, we should not blindly copy it, but learn from it rather than simply imitate it. It should not only follow the unified regulations of the state, but also fully consider the production and operation characteristics and management requirements of the enterprise itself, which has strong operability. An enterprise shall make specific provisions on the financial policies that can be selected by the enterprise in combination with the actual situation.

③ The principle of combining power, responsibility and benefit. In organizing enterprise financial activities and dealing with enterprise financial relations, we should implement the responsibility system with responsibility as the center, power as the guarantee and interest as the means.

④ Comprehensive principle. The financial activities of enterprises run through the whole process of production and operation activities, and financial management must also be the management of the whole process. Therefore, when making financial system, enterprises must comprehensively standardize all financial activities, make clear provisions, make financial work have rules to follow, and form a complementary and mutually restrictive financial system.

3, large and medium-sized enterprises should fully implement the comprehensive budget management system. In September 2000, the State Economic and Trade Commission issued the Basic Norms for Establishing Modern Enterprise System and Strengthening the Management of Large and Medium-sized State-owned Enterprises, which clearly stated that enterprises should "establish a comprehensive budget management system, focus on cash flow, and implement budget preparation, implementation, analysis and assessment in all aspects of production and operation". Many experts in national economic departments have deeply realized that comprehensive budget management is the most basic and effective method to realize corporate governance and enterprise integration, and it is also the necessary system and effective means to improve internal management and standardize internal operation of enterprises.

At present, many large and medium-sized enterprises with good management foundation have implemented a comprehensive budget management system and achieved certain benefits. As the backbone wholly-owned subsidiary of Shaanxi Coal Chemical Group Company, Huangling Mining Group Company adheres to the enterprise spirit of "honesty, dedication and pursuit of Excellence" and its internal management is constantly improving. In July 2008, Huangling Mining Group Company established a comprehensive budget management committee. The cash flow management committee of Huangling Mining Group Company and the appointment system of the chief financial officer of secondary units have been issued one after another, which has laid the foundation for the sustainable development of enterprises, and the internal financial management of enterprises has achieved initial results.

Strengthening financial management, especially establishing and perfecting internal financial management of enterprises, is the top priority of our future work. Only by establishing a scientific, reasonable and perfect modern enterprise financial management system, the quality of China's economic operation will be continuously improved, and the operating procedures of enterprises will have rules to follow.