Taking Cash Flow Management As The Core To Strengthen Enterprises' Ability To Resist Capital Risks

< p > cash flow activities of enterprises mainly consist of four aspects: fund revenue and expenditure caused by fund-raising activities, capital budgets caused by investment activities, capital budgets caused by distribution activities and capital expenditure caused by operating activities.

In order to strengthen enterprise capital management in these four aspects, the key is to build up the overall financial capital management and control system of enterprises, to manage capital inflow and outflow in all links of the whole supply chain, and to strengthen the control and control of capital operation risks.

Capital risk management and control by strengthening business plan and capital budget, capital plan implementation management, ensure the safety, efficiency and efficiency of capital operation, through the enterprise investment and financing, capital allocation, operation capital activities management, optimize the enterprise's capital structure, business structure and process.

Through the control and control of financial capital, the ultimate cost of financing is the lowest, the channel is controllable and timeliness is the best, and the use of funds is guided by strategy and matching with business implementation, so as to control the key links of capital activities.

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< p > financial capital control should pay attention to eight aspects: < /p >

< p > < strong > 1. Strengthen the management of financing < /strong > < /p >

< p > 1, finance < a href= "//www.sjfzxm.com/news/index_c.asp" > capital control < /a > requires capital structure, creditor's rights and equity financing design < /p >

< p > enterprises should first make clear whether they need external financing according to their own business development strategy, capital structure strategy and restrictive factors of policies, laws and regulations. Then, on the basis of capital management, we should give full consideration to capital structure optimization, and design capital structure, creditor's rights and equity financing combined with the development process and characteristics of enterprises.

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< p > 2, do a good job in the evaluation and selection of financing channels and financing methods to ensure the low cost of financing and the safety of funds < /p >

< p > enterprises need to clarify the main channels for increasing financing and introducing capital at this stage. According to their own characteristics, we should make an assessment and selection of financing channels and financing methods to ensure the best financing cost and capital safety.

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< p > < strong > two, strengthening investment management < /strong > < /p >

< p > 1, establish a capital investment decision-making mechanism to ensure the scientificity, consistency and risk control of investment decisions < /p >

< p > enterprises need to build a scientific investment decision-making mechanism to ensure the scientificity, consistency and risk control of investment decisions.

Through the preliminary screening and feasibility analysis before the project investment, it is selected to invest in the project. In the investment decision-making process, the professional committee of the project is first evaluated by the expert committee composed of experts from inside and outside the enterprise. If the audit is passed, the enterprise investment decision Committee shall make a decision and form a clear investment proposal and conclusion. Finally, it will trade with the target enterprise according to the approved plan of the board of directors and the investment decision Committee.

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< p > in the process of project investment decision, it is necessary to clarify the responsibilities and operation procedures of each key link, improve the pre investment investigation and audit, investment implementation process control and investment evaluation management mechanism, and improve the risk control of project investment.

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< p > 2, strengthen the management of capital flow and value flow in investment process < /p >

< p > in the implementation process of investment projects, we should strengthen the management of capital flow of investment projects through capital plan, budget, invoice verification, internal operation management and project settlement.

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< p > through the process analysis and evaluation of the investment plan and implementation of the project, it is clear that the progress and value realization of the investment project are clear. Through the evaluation of the completion and subsequent use and maintenance of the fixed assets investment, the profitability of the project is defined and the value management of the project investment is strengthened.

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< p > 3, it is necessary to strengthen the management of fund receipts and expenditures for investment activities < /p >

< p > based on capital budgeting and budgeting of investment funds on the basis of project plans, and taking profitability of funds as the core of foreign investment management, we should strengthen investment income budgeting to realize the management of fund receipts and expenditures for investment activities, and make clear the inflow and outflow of investment activities caused by investment activities.

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< p > < strong > three, strengthening system construction and management < /strong > < /p >

< p > 1, strengthen the construction of fund system, clarify the basis of financial fund management < /p >

< p > we must formulate a special financial fund management system, improve the fund management system, and clarify the specific methods, processes and basis of fund management.

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< p > 2, strengthen capital allocation management and enterprise internal account management, so as to ensure the rational and effective utilization of funds < /p >

< p > scientifically set up assets and liabilities accounts of enterprises, and make clear the management process from initial opening to final cancellation.

We need to correctly establish the relationship between capital and accounts and strengthen the control over the amount of accounts.

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< p > clarify the process of fund allocation, clarify the management principles and implementation methods of fund allocation, ensure the funds' allocation of scientific and compliance between accounts, and ensure the rational and effective application of funds.

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< p > 3, combined with fund management mode and financial organization system, establish and clarify the key process of financial capital management < /p >

< p > combined with the mode of enterprise capital management and financial organization system, the financial capital management process of key businesses is clearly defined, and the principles, implementation methods and relevant operation departments of all key processes are defined.

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< p > < strong > four, strengthen the planned management of funds < /strong > < /p >

< p > 1, the core of fund management is the management of capital plan based on budget < /p >

< p > the enterprise's financial budget is defined according to the business plan, and the medium term and short term operation of the enterprise are predicted according to the capital mobility plan and capital budget.

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< p > 2, establish a budget and plan management system < /p >

< p > according to the annual capital raising budget and the cash flow statement of the budgetary estimate of funds utilization, through the monthly capital rolling plan, the actual demand of enterprise funds is clearly defined, and the change of fund allocation is immediately defined by formulating the weekly capital adjustment week plan.

The budget and plan management system of annual capital budgeting and monthly capital rolling plan and capital adjustment week plan should be constructed.

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< p > < strong > five, establishing the early warning mechanism of fund risk < /strong > < /p >

< p > establish a financial early-warning system and build a risk prevention and control mechanism for financial capital < /p >

< p > is mainly to strengthen the management of four aspects: first, we should strengthen financial and capital management and operation analysis.

Through the analysis of the internal financial and capital management processes and operation management of the group, especially the key control points and important financial subjects, we should focus on analysis, prevention and supervision to prevent the occurrence of capital risks.

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"P > second" is a mechanism for establishing risk identification and evaluation.

According to the annual financial data of the group, we should pay attention to the changes in the external macro policy and the economic situation, use the financial index analysis and evaluation system, rationally determine the safety value and risk value of the capital operation, identify the financial risk scientifically and rationally, and evaluate the degree and possibility of the risk, establish the risk level, and lay the foundation for the risk management decision.

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< p > third is to establish an emergency response plan mechanism. Through risk identification and evaluation, we should deal with major issues and contingency plans and formulate strategies to deal with major risks.

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< p > < --EndFragment-- > fourth is to set up a financial early warning management organization, strengthen financial analysis posts, provide timely financial data decision support, establish an analysis feedback mechanism, and strengthen the timely linkage of financial analysis posts, financial departments and other departments.

By setting up a financial analysis post, timely analysis and early warning of abnormal indicators and major impact financial subjects, and forming feedback and response of all departments concerned in early warning related matters are the organizational foundation and mechanism requirements for establishing group financial early warning system.

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< p > the core of the financial early warning system is to manage cash flow, to ensure the safety of the company's capital chain, and to guarantee the operation business, that is, to ensure enough funds to meet all kinds of business needs. It is shown that the investment plan can be effectively controlled by ensuring investment and financing, that is, ensuring the smooth implementation of the financing plan.

In addition, the security of fund management also requires special funds, safety management of capital accounts, safety management of stock funds, safety management of monetary funds, and clear cash utilization scope. Therefore, these operational matters need to be strictly monitored.

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< p > < strong > six, strengthening supervision of Fund Auditing < /strong > < /p >

< p > 1, establishing < a href= "//www.sjfzxm.com/news/index_c.asp > > auditing < /a > auditing system, focusing on the whole process control of financial accounting and capital entry and exit from the aspects of finance, capital and compliance, < /p >

< p > mainly strengthens four aspects of audit management.

The first is auditing the key links of financial treatment and capital utilization, strengthening auditing and auditing for the financial handling and capital management in the key links of the supply chain (such as receivables, handling, inventory, investment, construction projects, etc.); second, auditing capital management system and process execution, such as fund management system, focusing on the formulation and implementation of the "cost management system", "accounts receivable management system" and "capital approval system"; third, the establishment and implementation of audit control mechanisms and plans for funds allocation and account management, audit funds actual use and accounts, etc. fourth, the establishment of financial and capital safety, efficiency and efficiency evaluation mechanisms, and establishment of key indicators for auditing and auditing.

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< p > 2, give full play to the role of internal control of Finance < /p >

< p > under the guidance of basic norms, enterprises can control the different accounting contents in different ways, so as to make financial internal control play a greater role.

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< p > 3, establishing a financial audit system will help improve the work efficiency of enterprises and reduce the cost and financial risk of enterprises less than /p.

< p > effective financial audit system can achieve enterprise's financial accounting tally, tally with accounts and tally with accounts, effectively reduce the intensity of financial accounting. Through auditing, the accuracy of enterprise financial data is enhanced, and financial analysis is enhanced effectively. Through auditing, information shielding caused by functional division of labor or backward management tools is broken through, so as to integrate financial and business in capital flow, and improve the way of financial supervision.

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< p > 4, clear the main contents of the audit of financial capital < /p >

< p > in capital audit, we should control and control the whole process of capital use and fund activities. We should carry out key management and audit on all links of important business supply chain.

Among them, capital management decisions, plans, controls and audits should be strengthened in key links of business capital management, such as procurement, inventory and sales.

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< p > 5, give full play to the internal audit function of enterprises < /p >

< p > internal audit function focuses on improving risk management and process control, and not only limited to traditional historical data, but also can improve the responsibility of risk control through self-assessment.

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< p > 6, making effective use of external audit to coordinate internal audit and external audit well < /p >

< p > internal audit can entrust the third party audit institutions to assist the internal audit tasks, increase the internal audit supervision, and the external audit is to understand the situation of internal audit, get the support and cooperation in the work, improve the work efficiency by using internal audit results, and internal and external audit can be interconnected in content, scope, standard, basis, procedure and method.

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< p > internal audit and external design need to pay attention to three aspects: first, internal control, accounting system and internal control are the common concerns of internal audit and external audit. When external audit considers that internal audit adopts appropriate methods for risk assessment and can provide guarantee for internal control integrity, external audit can decide the audit procedures and key areas accordingly, thereby improving the efficiency of audit; second is to reveal and prevent fraud. External auditors should consider the internal audit fraud inspection activities when assessing the risks of financial statements fraud; third, make use of audit results in each other, internal audit should use external audit findings to identify the key areas of audit.

Internal audit should provide audit results to external auditors, communicate with each other timely, share information and expand audit impact.

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< p > < strong > seven, strengthening the construction of enterprise information platform and establishing a shared financial management center < /strong > /p >

< p > 1, building an information sharing service system to help companies achieve excellent performance < /p >

< p > enterprise financial activities should integrate and integrate all ERP functions and resources so as to achieve integrated operation.

It mainly includes four aspects: first, setting up a unified policy standard in the financial fund management system, which mainly includes uniform accounting policy, financial policy and authorization standard; two, unified accounting standards and data definition; three, integrating management process and ERP process, making ERP management tools more operable, and combining daily work and ERP operation, forming internal unification and standardization, simplifying management and improving efficiency; four, building shared service centers on the basis of standardization, reducing costs, improving efficiency and strengthening control.

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< p > 2, effective use of enterprise IT tool < /p >

< p > to make the daily management work seamless with ERP, we need to fully understand the IT structure of the enterprise and understand the application framework of IT planning. We should extract the function domain from the business design plan, summarize and analyze the functional domain, draw the business function components, and draw lessons from the international best practices, and draw the overall application framework of the management information system.

We need to fully analyze and understand the financial information system structure of enterprises, synchronize the capital plan, budget management process and ERP system information, and achieve seamless connection between daily business process and ERP system, so as to effectively apply IT management tools to enhance the company's financial and capital management level.

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< p > < strong > eight, establish the organizational system of financial management, implement < a href= "//www.sjfzxm.com/news/index_c.asp" > capital management < /a > responsibility < /strong > /p >

< p > first, the establishment of the group's overall financial control system is based on the satisfaction of the three levels of financial control system at the financial decision-making level, the financial management level and the basic accounting level. Combined with the different financial management strategies of enterprises at different stages, the requirements of financial management in their development stages are taken into consideration, so as to determine the group's financial management mode.

Then, the functions of the financial department from different levels of group to sub group and sub company are defined, and the financial functions of the group, sub group and subsidiary are realized.

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< p > secondly, according to the positioning and function of financial management at different levels, we design three level financial organization structure and improve the post setting, and configure corresponding responsibilities.

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< p > again, according to the function orientation of financial control and management, we summarize the core process and system of financial control.

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< p > finally, according to the financial capital control requirements of the group, sub group and subsidiary, the functional orientation of the financial fund management is established, and the financial fund management organization system of the holding group sub group subsidiary is constructed according to the group's financial fund management mode.

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