Several Effective Methods Of Financial Management

Under the socialist market economic system, strengthening financial management is the inevitable choice to realize the pformation from enlarging the extension to the potential and improving the efficiency.

How to give full play to the central role of financial management in enterprise management should focus on the following tasks:

The smooth development of accounting work is inseparable from the highly valued and strong support of enterprise leaders.

Leaders of enterprises should select personnel with good ideological quality, strong sense of responsibility and high level of business to enrich the financial team and make people wise.

We should renew our ideas and set up the new concept of financial management as the core of enterprise management, so that employees, especially business leaders, understand the importance of financial management and enhance their awareness of financial management.

The key to the role of financial management lies in financial personnel.

We must further improve the quality of financial personnel. Financial managers should not only understand accounting, but also be good at managing money, that is, how to give full play to the functions of financial management.

In addition to having more solid professional knowledge, accountants need to be familiar with the laws and regulations of the state, and have a certain ability to observe and predict the social environment (including political, economic, and enterprise factors), and have strong managerial ability.

We should give full play to the role of computers in accounting and financial management, and make the production of accounting vouchers more standardized through the use of commercialized accounting software.

Timely accounts, accurate data, the system can automatically generate accounting statements, so as to participate in business decisions with high-quality accounting information.

The application of computerized accounting has laid the foundation for realizing the pformation from accounting to management and realizing the qualitative leap of financial management as soon as possible.

The level of enterprise cost directly determines the size of the profitability of the enterprise and the strength of its competitiveness.

Controlling cost, saving cost and reducing material consumption are of great importance to enterprises.

The financial department should give full play to its own advantages of large amount of value information, use the method of quantity and profit analysis, rationally determine the lowest cost, the largest profit in production and sales, reduce inefficient or inefficient labor, change the practice of waste control after the current product cost, and pay attention to the behavior of cost control in the process of production, start from the design and demonstration of the product, combine the technological progress, cost control and economic benefits organically, eliminate the waste of cost in the "source" of the product, and realize the pre participation and advance control of the cost management by the financial department.

It is necessary to focus on the management of procurement costs, sales costs and management costs. Procurement cost management should focus on the price and quality structure and stock of raw and auxiliary materials. We should carefully study the market and procurement strategy of raw and auxiliary materials, and purchase according to the principles of multiple goods, quality and price, and choose the best option. The selling cost control should focus on selling expenses, compressing stocks, paying off loans, reducing capital occupation and interest expenses.