Accounting must see: why some financial millions of dollars a year, some less than 100,000 annual salary

Generally speaking, when it comes to the U.S. International Financial Manager (IFM), we first thought of the domestic counterparts in the degree of familiarity and corporate recognition of the higher degree of the U.S. management accountant (CMA), led by the Bureau of Foreign Expertise to bring to the domestic accounting industry and the State-owned Assets Supervision and Administration Commission of the enterprise to set off a wave of waves, the domestic more and more frequently mentioned in recent years the word, that is, "management accounting". Management Accounting", in fact, the real difference between the two of them is precisely here. The main functions of the enterprise finance department is divided into two basic directions: one is "management accounting", the second is "financial management", in fact, many people do not understand, there are a lot of friends complained to me, obviously we all do the position of financial director, but the income is Worlds apart. Some have an annual salary of 1 million, some have an annual salary of only 200,000? The root of the problem, even if they are financial directors, some people do is "financial management" work, some people do is "management accounting" work only. "Management Accounting", also known as "internal reporting accounting", its main function is to strengthen the internal management of enterprises, improve economic efficiency services, the use of a series of specialized ways and means to collect and summarize, analyze and report a variety of economic information, in order to carry out forecasts and Using a series of specialized ways and means to collect, analyze and report all kinds of economic information for the purpose of forecasting and decision-making, planning, controlling business operations and evaluating performance, so as to ensure that the enterprise improves its management and economic efficiency. In general, it is equivalent to a big manager within the enterprise, from the perspective of the financial department of the whole enterprise internal operation and cash flow of a general control.

However, "financial management", as the name suggests, is in the context of a certain overall objective, on the acquisition of assets (investment), capital financing (financing) and cash flow in the operation (working capital), as well as profit distribution management. Simply put, "financial management" is the equivalent of a corporate diplomat. It is the organization of the financial activities of enterprises, dealing with financial relations of an economic management.

If the "management accounting" is the traditional corporate treasurer's daily, then "financial management" can be said to be the product of the country's economic development and diversification of domestic business projects, is the embodiment of the country's development and progress. Changes in economic structure, the richness of the capital market so that the financial management of the independence of the traditional accounting more and more strong, the role played by the development of enterprises more and more. Economic globalization, enterprise internationalization and conglomerate development make cross-border investment, financing, merger and demerger activities become a common phenomenon and trend. In the sub-economic background, the financial manager has become a leader in the workplace.

So the international management accountant CMA it is mainly aimed at the employment direction is "management accounting", its course design is also around this position, however, the international financial manager IFM is mainly from the "financial management" this direction extends the IFM is mainly extended from the direction of "financial management", and some of the financial management tools, calculation methods and management concepts are relatively new for our domestic financial people. Overall both are excellent but not conflicting study programs in the financial field, and even complement each other.

International Financial Manager (IFM) is mainly for the financial and senior management of enterprises and institutions to take the Chinese learning assessment mode, the core courses include: corporate finance, mergers and acquisitions and restructuring, financial management ethics, corporate governance, financial tools, financial analysis tools, corporate strategy and finance, risk management, comprehensive budget management.