Seven Things That Financial Personnel Must Do Well.

First, calculate the good account.

Accounting is the technical support of enterprise financial management, and is one of the most fundamental functions of enterprise finance.

The basic functions of accounting, whether in the two functional theory (reflection and supervision), the three function theory (reflecting, supervising and participating in decision-making) or the five functional theory (reflection, supervision, budgeting, control and decision), the first function is to reflect and reflect what function is achieved, that is accounting.

As a management science, accounting is a hard science. It has a set of strict recognition, record, reporting and reporting procedures and methods. Accounting is used to record business process, reflect business gains and losses, and report operating results in the form of value. Accounting examination and calculation can only be carried out after business occurs. Therefore, accounting is reflected afterwards. It is based on the unified accounting system of the state, accounting policies and accounting estimates are classified according to the well-known accounting laws, accounting standards and general financial rules.

As a branch of management science, he has a set of internationally accepted methods and systems, including bookkeeping methods, accounting subjects, accounting assumptions, accounting standards, systems, regulations and regulations formulated by the state, which provide more norms for the whole accounting. The purpose is to draw a "true account". The conclusion is legality, fairness, consistency, and relatively conclusion is "dead". Different people should account for the same accounting business, and there should be no big discrepancy in all major aspects.

In the seven financial affairs, this job can be recognized by most of you. It is also one of the best functions in the enterprise finance, except for intentional fraud.

Two, manage the money well.

In addition to accounting, the most important function of accounting is supervision. Accounting supervision is omnibearing, including all aspects of enterprises. Supervision of enterprise funds is a matter of great importance to every enterprise.

For any enterprise, the use and management of funds is a very important matter. Capital is superior to people's blood, no more, less, faster, slower, less mobile, and ill, which may make enterprises die. As an enterprise's value management financial department, its important functions include raising, scheduling and supervising funds, which is simply to manage the "money" of enterprises.

The use and management of funds are different from accounting. There is no strict management method. There are a lot of differences between enterprises. Capital planning, financing and settlement and control are all areas of capital utilization and management. The nature of enterprises, funds, accounting policies, credit policies, industry characteristics, preferences of major decision-makers, and even the experience of fund managers may lead to bias in the use and management of enterprises. By setting up enterprise capital management system, the use of funds can be prevented to a certain extent. However, it is very difficult to achieve the purpose of improving the utility of enterprises by relying solely on the system. In addition to establishing a set of funds approval and monitoring system suitable for enterprises, it is also necessary to select some experienced personnel to do this work.

Three. Make good relationship.

Enterprises generally only set up the finance department. People can easily mix financial affairs with accounting. Only a few large enterprises can set up accounting and finance departments under the Ministry of finance, so as to separate the finance from accounting.

The definition of "finance, record and report" is defined as: "coordinating financial relations in all aspects of enterprises". From definition, we can see that accounting is a hard science, and he respects strict methods and methods. The result of the same thing is the same regardless of who gets it. Its pursuit is "real", "financial relationship" of financial coordination, and the relationship is hard to "freeze", so it is very difficult to have "standard". Therefore, finance is a soft science, it is difficult to find out all kinds of methods and means. In fact, corporate finance and accounting are two different pactions. From the definition of accounting and finance, we can easily separate them.

There are many financial relationships involved in the business process, including internal departments, enterprises and external suppliers, customers, banks, taxation, industry and commerce, government departments, etc.

Enterprises all say that they attach importance to financial management, but there are not many enterprises that really understand what financial management is.

Finance is inseparable from accounting. Many financial decisions have to rely on accounting. Many methods of accounting are also directly utilized by the financial sector. However, after all, it is a two discipline and can not be confused. Financial management is a soft science. It requires more experienced personnel to manage, and the effectiveness of financial management is often higher than that of accounting.

Four. Monitoring assets

The first function of the finance department is accounting. The purpose of accounting is, of course, not for the sake of several Arabia figures. Accounting is a process that reflects the movement of enterprises in real terms by means of value. From the workshop to the workshop, from this workshop to that process, everything is reflected in the accounting calculation. Therefore, in addition to requiring the accounts to match and the accounts tally, whether the accounts are consistent or not is also one of the functions of the finance department, and is also an important aspect of the financial performance of its supervisory functions.

The financial department can make a comparison between the physical assets of the enterprise and the financial record data through regular spot checks and random checks of assets, and ensure the authenticity of the financial records and the safety and integrity of the enterprise assets from the perspective of asset supervision.

Five, manage good credit.

Credit management, as one of the contents of enterprise financial management, should not be listed as a financial function alone. However, due to its importance and complexity of credit management, enterprises are encouraged to separate their functions from financial management functions and form functions separately.

In the era of excess economy, there are some pactions between enterprises and customers. There is no credit sale. With the increase of credit sale business, the possibility of bad business is also increasing. Under the condition of low gross profit margin, a bad bad debt often exceeds the annual profit of the enterprise. In order to control the occurrence of bad debts, the credit management and control among enterprises are also being paid more and more attention by enterprises.

The credit policy of an enterprise is directly related to its sales performance. What kind of credit policy is adopted and what is the customer's credit record?

It is directly related to the sales volume and the number of bad debts. Therefore, credit management is not only necessary but also necessary.

The purchase volume of customers, the timely payment of goods, and the ease of cooperation in business processes, etc., the market departments and financial departments have a relatively comprehensive grasp. According to the mutual restriction principle of enterprise management, enterprise credit management work is generally implemented in the financial department, and credit management has become one of the important responsibilities of financial work. The management of customer credit also controls the incidence of bad debts.

Six, do a good job of staff

When it comes to the three functional theory and the five functional theory, it is mentioned that one function of accounting is decision making. Whether participation in decision-making or decision making is based on finance and accounting, it is not enough. It also requires combination with management accounting.

Management accounting is not the same as financial accounting. It is a branch of accounting that achieves the functions of forecasting, decision making, planning, controlling, and responsibility assessment through the deep processing and reuse of information such as finance. If we say that financial accounting is a record of the passing of enterprises, management accounting is the prediction of the future of enterprises. Financial accounting can provide data for internal and external stakeholders, while management accounting provides data for enterprise decision-makers.

Management accounting mainly recombines and decomposes enterprises' financial affairs in the past from the perspective of management, according to the needs of decision-makers, and uses trend forecasting methods to provide decision-makers with some decision data. Although the important source of management accounting is financial accounting, it does not have strict methods and policy restrictions such as financial accounting, and is not restricted and restrained by the "GAAP" principle of financial accounting. The conclusions often come with some hypothetical elements, because it can not be separated from enterprise accounting and become one of the important contents of financial management.

On the basis of accounting and analysis, combined with management accounting, enterprise finance should provide good decision data for enterprise production and operation, financing and investment plan, and make good staff members.

Seven, performance evaluation

When it comes to performance appraisal, it is necessary to measure and compare all the completed indicators. Of course, these measurement and comparison must include accounting value measurement, and most of them are value measurement, value-added, cost control and output value in the process of production. These are the measurement ranges of financial accounting. In terms of value measurement, no enterprise can be more professional and comprehensive than the financial department. Therefore, the performance appraisal of enterprises must involve the financial department. Most of the calculation work in the performance appraisal becomes one of the financial responsibilities. Decomposing and calculating the performance of each department is one of the seven parts that the financial department should do.

In short, as the financial center of enterprise management, regardless of the size of an enterprise, financial functions of enterprises can not be denied above seven functions. Although only a few large enterprises have a clear division of labor among these functions, the vast majority of enterprises do not have a clear division of labor for these functions because of the limitation of financial institutions and personnel. Instead, they assign more functions to a few people, such as financial managers, but in any case, seven things are indispensable.