Paper Keywords: important methods of financial management

With the continuous improvement of China's market economy, enterprise financial management is becoming more and more important for the development of enterprises. The traditional simple financial management based on capital accounting can no longer meet the needs of modern enterprise development. Therefore, it is of great practical significance to study the methods of enterprise financial management under the conditions of socialist market economy.

First, the significance of corporate financial management

The financial management of an enterprise refers to the comprehensive management process of making decisions, planning and controlling the internal capital operation through the value form of the enterprise. The purpose of enterprise financial management is to maximize enterprise profits by organizing enterprise financial activities and handling enterprise financial relations. The financial department that carries out enterprise financial management itself does not create value, but enterprise financial management can directly provide first-hand information for enterprise management, so enterprise management is of great significance to the development of enterprises.

Second, the important methods of enterprise financial management

The core of enterprise management is financial management. The production management, quality management and sales management of an enterprise should serve the business needs of the enterprise, and they should take the financial management of the enterprise as the center to ensure the mutual coordination and support between the management. Reasonable financial management methods should be testable, controllable, hierarchical and unified. Therefore, enterprises must form a set of perfect financial management methods to ensure the full play of enterprise financial management from all aspects.

First, the establishment of enterprise financial management information means and high-level financial management team. Under the influence of modern science and technology, all business activities of enterprises have gradually realized information management, and financial management of enterprises is no exception, especially accounting information and financial information of enterprises need computerized management. Through computerized management, we can give timely and objective feedback on the production, operation and financial status of enterprises, and through in-depth analysis, we can find out the problems existing in enterprise management effectively and quickly, and put forward solutions on this basis to ensure the improvement of enterprise production efficiency. At the same time, information management also requires that the financial management of enterprises must form a high-level accounting team. This accounting team not only needs modern enterprise accounting knowledge, but also needs to have a certain understanding of enterprise management, production and operation, information management, etc., and can conduct scientific enterprise financial analysis on this basis, put forward good suggestions for enterprise financing decision-making, investment decision-making and business decision-making, and analyze the feasibility and cost-effectiveness of enterprise decisions through scientific methods.

Second, strengthen the overall budget management of enterprises. The comprehensive budget of an enterprise refers to the overall forecast of various business activities and financial performance of an enterprise in a certain period, including development budget, sales budget, management expense budget, investment budget, capital budget and so on. Therefore, enterprise comprehensive budget management is an important content and method of enterprise financial management. The overall budget management of enterprises mainly includes three aspects. First, the preparation of comprehensive budget management. Because comprehensive budget management covers a wide range and involves many departments, the preparation of enterprise comprehensive budget must adopt the method of combining top-down and bottom-up Through the communication between various departments, the reasonable budget scope is finally determined, so as to avoid the situation that the superior makes a direct decision and the subordinate employees do not participate in the preparation process. Second, the implementation of the comprehensive budget, in the actual implementation process, as far as possible in accordance with the budget, once there is a situation inconsistent with the budget, it needs to be confirmed by the relevant leaders of the enterprise to change. Moreover, enterprises can set up a comprehensive budget management office according to their own scale and strength to effectively supervise the implementation of the comprehensive budget. The third is the feedback of comprehensive budget management. Feedback includes two aspects. On the one hand, the budget and the actual situation must be compared and analyzed to lay the foundation for more scientific and comprehensive budget management in the future. On the other hand, it is necessary to reward individuals and units that perform well in the budget, punish departments and individuals that perform poorly, and improve the enthusiasm of departments and employees in comprehensive budget management. At the same time, comprehensive budget management must attach importance to cost management, and carry out strict inspection and in-depth supervision during the implementation of the cost plan determined by the enterprise.

Third, strengthen enterprise financial risk management. The development of market economy has both opportunities and challenges, and there has always been a dilemma between low risk and low return and high risk and high return. Therefore, enterprise financial management must attach importance to risk management, including risk identification, risk measurement and risk control. In the process of enterprise financial risk management, we must establish the basic objectives and principles of enterprise financial risk management, and on this basis, eradicate the needs of enterprise internal operation and the changes of enterprise external environment, and constantly improve and perfect the enterprise financial risk management mechanism. When making financial decisions, it is necessary to make a scientific and sufficient analysis of the size and degree of risks, and combine with the strength of the enterprise itself, weigh the possible gains and losses of the powerful enterprise through various and multi-channel comparisons, analysis and weighing, and choose the relatively best scheme to maximize the income of the enterprise. At the same time, before making any decision, enterprises must form a series of prevention and preservation measures, so that even if risks occur, they can effectively control the risks or minimize the losses caused by risks to enterprises. In other words, the financial risk management of enterprises must measure all kinds of financial risks faced by enterprises as accurately and timely as possible. In order to achieve this effect, a department responsible for risk management can be established within the enterprise to control the financial risks of the enterprise and deal with the losses caused by financial risks.

Fourth, strengthen the fund management of enterprises. Fund management is the most traditional content and method of enterprise financial management in China. Capital is the blood of enterprise operation, the basis of enterprise operation and the basis of enterprise value-added. Enterprise fund management includes fund raising, fund arrangement and use, etc. Therefore, enterprises should do well in three aspects of fund management: first, do a good job in planning the total amount of funds, borrowing and repayment, and actively participate in the investment decision-making and planning of enterprises; Second, speed up the operation of funds as much as possible, supervise the use of funds in time, and assess the effectiveness and efficiency of the use of funds; Third, do a good job in the security of funds to ensure the normal operation of enterprises. On this basis, suggestions and measures for rational use of funds are put forward to ensure and promote the improvement of production, technology and management.

Fifth, do a good job of coordination between the financial department and various departments. The financial management of an enterprise is not only a matter of the financial department, but also has a direct relationship with the production department, strategic department and sales department of the enterprise. Therefore, in financial management, it is necessary to straighten out the relationship between the financial department and various functional departments, and clearly define the functions of various departments and their roles in financial management. Through the division of the functional scope of each department, a financial management system with enterprise financial management as the core and coordination among various functional departments is formed.

Three. conclusion

The financial management of enterprises is of great significance to the smooth operation and sustainable development of enterprises, which is directly related to the maximization of enterprise profits and enterprise value. Therefore, under the condition of socialist market economy, if enterprises want to achieve stable and long-term sustainable development, they must do a good job in financial management and fully realize the importance of enterprise financial management.

The financial management of enterprises first needs modern management means and high-quality management team, and at the same time pays attention to comprehensive budget management, capital management and risk management in management content. Moreover, the financial management of an enterprise runs through the whole process of enterprise management and has a direct relationship with all departments of the enterprise. Therefore, to do a good job in enterprise financial management, it is necessary for all departments within the enterprise to coordinate with each other, and through the division of functions, a financial management system with enterprise financial management as the core and all functional departments coordinating with each other is formed. Only by truly establishing the core position of enterprise financial management in enterprise management can we effectively play the positive role of financial management.

References:

1. Zhou Ruiping: On cash flow management and its position in enterprise financial management, Technical Economy and Management Research, 2002(04)

2. Zheng Xiaoyun: Discussion on Financial Management of China Enterprises under Modern Enterprise System, Shanghai Accounting, 20 10(0 1).

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