On five important methods of enterprise financial management

Whether you are a boss, manager or grass-roots employee; Whether you are a professional financial personnel or a non-professional financial personnel; Financial management is no longer a problem!

Under the condition of market economy, the success or failure of an enterprise depends largely on its management. With the establishment of modern enterprise system, financial management has become the center of modern enterprise management. The five important methods of enterprise management are summarized as follows:

First, a high-level financial management team.

This team needs not only modern enterprise accounting knowledge, but also some knowledge of enterprise management, production and operation, information management, etc., and can make scientific enterprise financial analysis on this basis, put forward good suggestions for enterprise financing decision, investment decision and operation decision, and analyze the prohibitive feasibility and cost-benefit of various decisions in enterprises through scientific methods.

Second, strengthen comprehensive budget management.

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.

Third, strengthen risk management.

Enterprise financial management must attach importance to risk management, including risk identification, risk measurement and risk control.

Fourth, strengthen fund management.

The fund management of an enterprise includes fund raising, fund arrangement and fund use.

Fifth, do a good job in the coordination between the financial management department and various departments of the enterprise.

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.

Enterprise financial management can be said to be the lifeline of an enterprise. Strong financial management makes a strong enterprise!