In China, the private group of this new form of business organization is booming, mostly through the private sector started from scratch, from small to large, and gradually form the core of the enterprise group parent company, the stage, how to establish small and medium private enterprises Group Financial Control Model, medium and small private groups to resolve the current widespread lack of coordination within the Group, the Group owned operating unit of financial management and control behind the negative issues, improves overall management of the Group, to promote the healthy development of the Group. This is a common concern of entrepreneurs.
The purpose of Enterprise Group Financial Control
Enterprise Group is different from the group. Enterprise Group is not a legal entity controlled by the position of the parent company as the core to holding companies, holding companies and associated independent control by the entrepreneurs and other business enterprises or groups of organizations.
Enterprise Group's financial system essentially based on the capital relation as the link of the independent accounting units of the set of the financial system.
Enterprise groups, the purpose of internal financial controls, is to determine the parent company the leading position as a core business, and affiliates on their business activities through financial data accurately and timely to get reflected, and can 有效 the supervision and control. Reasonable relationship between centralization and decentralization deal to develop and profit-oriented, minimize internal conflicts, mobilize the enthusiasm, the coordination step, collaborative development, ensure the Group's business objectives and strategic business planning smoothly.
Enterprise Financial Management System of
1, enterprise group finance management organizations and functions.
Enterprise Group, parent company to be established to effectively manage and command the financial system in which the Group's financial center.
Generalized Enterprise Group Financial Centre as the highest financial management institutions should have three capacity, organizational capacity-building one, that is, the financial system, and creating capacity of the Group. To be able to from tax planning, financial accounting, team with, supervisory control, to adapt to future development such as design and create a parent company and their company's financial organization. Second, the project assessment capabilities, also must have a new project, the feasibility of new products, ability to assess the financial business plan for financing, investment and dividend distribution support. Third, decision support, to be timely and accurate decision-making for the Group's overall financial position of the Group to provide analysis reports, this report should be continuous and of high quality and can offer the basis for the decision-making.
2, to establish their units financial "dual leadership" system.
And actual control of the subsidiary operating companies adhere to appoint financial officers to implement the system. The financial officer may be appointed to be appointed head of corporate finance may also be a critical financial position of the general staff, whose basic function is to be appointed to a comprehensive understanding of all the financial situation of enterprises and financial reporting through regular reports to the parent . The financial officer designated personnel relations, the basic wage should be the parent company, post wages and bonuses in the company was appointed to maintain the relative independence of the appointed staff. For not holding or controlling stake in affiliated companies, should strengthen the analysis of financial statements, and does not take a clear form of a question, in order to maximize understanding and grasp the correlation holding company's operations and financial condition.
3, regulate the financial systems of their respective companies. Of the respective companies to establish a relatively uniform accounting system, a unified financial information system. Conditions can be taken to the parent company as the core of the centralized storage and distribution of financial accounting information system of remote network.
Currently Enterprise Group Financial Management Problems and Solutions
(A) of the enterprise group company of the problems
1, free to adjust the financial statements.
Their business managers commonly adjust the performance of a phenomenon with the report. When business performance is good, often concealing their income and profits, first, to make up for declining performance after performance, and second, do not want to reduce the accumulation of large annual dividends of operating funds; when poor corporate performance, it is often the inflated revenues and profits, first in order to maintain the image of a team, to keep his position, the second is to make the team for their leadership to the development of greater support.
2, over-reliance on the existing internal control system, can not be a positive improvement.
The companies within the Group are all of our energy is concentrated in product operation, because the scale is not big enough, not complete staffing agencies, uneven quality of personnel is not only a passive implementation of the parent company's existing financial systems and internal control system. Little energy and ability to integrate themselves in the practice of actual companies, research and effective improvement of the existing internal control system. Finally it difficult to adapt to the internal control system caused the business needs of enterprises, constraining the development of business enterprises.
3, only the statements do not analyze.
Enterprise Group of Companies is not only to provide or untrue statements of financial condition analysis. Statements simple, time-poor.
Group expanding faster and faster, points (a) companies are more and more of the following monitoring efforts are becoming less common phenomenon. Each month, the companies can report to the parent company financial statements last month, but not of widespread reports only. Since the implementation of the financial statements of accrual, so if do not do financial analysis, non-financial professional executives from the financial statements can not understand the real situation of enterprises. Full of changes in operating conditions and isolation still has the financial data is always a gap between, not analysis is often reluctant to analysis, not analysis. 4, reluctant to accept the financial supervision.
As the companies with legal status, their managers often claim the ability to manage the company responsible, willing to accept the supervision of the parent company and shareholders, especially in financial supervision. If you go to audit, that the parent company managers do not trust him, if you sent financial officer, he considers it unnecessary, is to limit his powers.
(B) Solution.
1, correct the attitude of the manager.
First of all, to educate managers, to understand that, as owner (parent company) a major shareholder, is entitled to know the real situation of enterprises. Obligation as a manager for the parent company or major shareholders to provide a transparent business operations and financial condition, and this is absolute and unconditional. Second, the financial situation is good or bad business the most direct and accurate reflection of the manager should learn to describe the financial figures of the business operation. Therefore, the financial analysis is not just a few of financial ratio analysis, should be from the current operating conditions, cash flow position, balance point of view on the overall state of the current business situation in a comprehensive analysis.
2, establish smooth financial information systems.
Financial information systems to reflect business conditions in the main channel, is not enough if the flow of financial information systems, management information, timeliness necessarily bad. Enterprise groups must be the beginning, put the financial information system as an important task in financial work. Establish smooth financial information system is not a decision of what can be done. Different situations according to company, step by step, from easy to difficult, from the report summary, the accounting numbers to the remote centralized storage. Ultimate real-time centralized management accounting information.
3, to create practical norms "Comprehensive Financial Report" template. The enterprise management to a comprehensive, concise, complete system, the preparation of monthly financial reports. Financial report templates should include the following: (1) basic information, the registered capital, number of employees, business product variety. (2) the current period assets. Total assets, total liabilities and net assets. Analysis of the potential loss of assets, or assets and liabilities, adjusted for the actual assets, liabilities and equity position. (3) operation. Main profitable product sales situation, market potential and trends. Distribution customers. Expected three-month sales and profit and loss situation, problems and countermeasures. (4) The solution should be resolved in the recent financial problems.
3, to strengthen auditing and supervision. Internal audit in accordance with law, establish a regular audit system, according to different business conditions, different operating stage of the audit assignment. The main purpose of the audit, first, enforcement of financial discipline, and second, to reflect the true financial position of enterprises, so that groups know what the leadership of the respective companies.
5, a "Comprehensive Financial Report" accountability.
In order to ensure the financial control measures will have to be implemented, not on paper. Is the manager of the company should establish a "Comprehensive Financial Report" accountability. Those who fail on the report, false reporting, is not responsible for the report to establish the corresponding penalties to ensure that "comprehensive report on the financial system" have been completed successfully.