EnterpriseFinancialControlSystemsThinking_16157.doc

enterprise financial control systems thinkingabstract the rapid development of chinas capital market and corporate financial situation tends to complicate the context of enterprises to survive in the competition, and development, corporate financial control system concepts that urgently need to introduce systems thinking, and thus to establish an effective corporate financial control systems. paper by means of system theory thinking, analysis of chinas enterprises in the financial control system operation and causes of the obstacles based on corporate financial control system reconfiguration and implementation of systems thinking to try. keywords financial control systems; systems thinking; the implementation of the growing capital market in china today, with the enterprise financial management activities, the increase in uncertainty, corporate finance the construction and operation of control systems are still confined at the present stage of chinas enterprises to enhance their capacity for governance and management level of a powerful tool in the enterprise concept of financial control systems that urgently need to introduce systems thinking. in the context of a complex corporate finance, corporate as autonomous self-financing, self-restraint and self-development of the relatively independent of economic organization, it is necessary to survive in the competition, and development, we must view the system to establish an effective corporate financial control systems. 1, the system control theory and corporate finance related analysis (a) systems and systems theory to explain refers to the so-called system is interrelated and interdependent composition of the whole range of matters, while the systems theory refers to the object as a system to understand and deal with the theory, systems theory is of things integrity to the scientific exploration. from the system theory point of view, corporate financial control activity is a complex large system. large systems are often constituted by, if in the subsystem, which can be divided into several sub-systems, is also among the various subsystems are interdependent and mutually conditioned. therefore, the system has integrity and relevance of the characteristics; the system under study is due to the various sub-sub-levels to build a reasonable, therefore, the system also has a hierarchy and orderly nature of the characteristics; the same time, the study of the system itself is still a organic system, the system also has a high level of specificity of the system, that has a purpose and adaptability features. only when we understand the basis of each of these characteristics in order to work on corporate finance scientific and comprehensive knowledge in order to promote the smooth development of corporate finance work. (b) the interpretation of corporate financial control enterprise internal control refers to the organization in order to improve operational efficiency and the full and effective access to and use of resources to achieve established management objectives, and in the internal implementation of various constraints and regulation of the organization, planning, methods and procedures. it is the strategy for the effective implementation of business organization the tools necessary. the enterprise financial management is the operation of funds for management, enterprise financial management involved in production and operation activities in all parts, so, corporate internal financial control is the control center. enterprise financial control is the business of financial activities in order to discipline and regulation, so that according to certain procedures and methods to ensure that enterprises and their internal structure and personnel to achieve the full implementation of financial budget process. corporate financial control and corporate financial forecasting, decision-making, budgeting, control and analysis, constitute a basic part of financial management, financial control, financial management objectives for achieving a decisive role. enterprise financial control is the use of the currency of this scale, on the production and management activities implemented by the control, it is a continuous, systematic and comprehensive control of the strongest, enterprise financial control system of economic control in the enterprise in a special status, plays a guarantee for the supervision and coordination. (3) systems theory and analysis of corporate financial control relationship any social organization is made up of people, goods, information system composed of, any management is the management of the system, there is no system, there is no management. principles of the management system not only for understanding the nature and methods provide a new perspective, and it provides a wide range of viewpoints and methods to infiltrate people the principle of the responsibility principle, principles and ethical principles of efficiency among a certain extent, the system research studies in the management of the organic system plays the role of commander in chief. epistemological point of view according to the system, the objective existence of the object system, namely, the system is a source of systematic scientific knowledge and the theory of the prototype, while the scientific theory of systems, is an objective system in the thinking reflected. enterprise financial control activities will be considered as a system engineering, from system theory, the basic method to analyze the system characteristics starting to study the elements of the system and environment and between the relationships and changes in the law. corporate financial control system is a complex adaptive system, but also a complete knowledge system, covering corporate financial control activities throughout the process. corporate financial control system is the enterprise financial system, subsystem, corporate financial control system for the in-depth corporate financial management will enrich the contents of the heterogeneous enterprise financial control activities from the perspective of system theory to think about and norms, it will make corporate financial control activities great creativity, thereby greatly enhancing the corporate financial management. second, chinese enterprises financial control system operation analysis of the obstacles and the reasons (a) the traditional financial system is difficult to make effective financial control to achieve optimum deficiencies in traditional financial system, mainly in the absence of the main financial management, financial management, hard to find the owner of the trace; fiscal beliefs were not advanced enough, the lack of enterprise and its financial management may become a self-organizing and adaptive systems, as well as the lack of basic ideas and try to methodology in three areas, the traditional corporate finance system, a common defect leading to the traditional financial system as a whole is difficult to be the optimal control system, also the effect of financial management or control difficult to achieve optimized. (b) the basic financial information of individual enterprises untrue financial information is based on a comprehensive reflection of the value of the form of business activities. through the financial information can properly evaluate the operating performance of enterprises. predict the future development of enterprises, mostly large-scale modern enterprise, organizational complexity, improve enterprise management information system is the basis of financial information is the most effective and reflect the situation in one of the messages. as the enterprises financial statements is untrue, combined with corporate financial accounting system and accounting subjects, settings are not a unified standard. therefore, the financial statements are difficult to accurately reflect the actual financial information. (c) the majority of corporate financial structure and unscientific the financial structure of many businesses serious unreasonable, especially in the capital structure is irrational. the proportion of debt and equity assets and liabilities of the symmetry between the structure of extremely unreasonable, in the enterprises are facing shortage of funds in order to maintain the normal production and operation and continue to a large number of loans, through further increase the debt ratio to expand the enterprise scale, making the debt burden even more serious, causing a vicious circle. (d) some companies greedy big, perfection and scattered resources one of the main purpose of business is to obtain economic effects. many enterprises entered the many industries in many areas. each other in various fields, and no business links, and this low level association areas, as it involves more than the industry, management, greatly increased the difficulty of the need to master multiple industries and cross-sectoral comprehensive management personnel, if the business involved in to several dozens of industry areas, how such a significant diversification of the enterprises to manage and control it is very difficult. third, corporate financial control system reconfiguration (a) the basic point of departure in view of the existence of corporate financial control problems to be solved, and the enterprises financial control is a complicated systematic project, therefore, improve the control performance is the key to a reasonable set of financial control systems. large-scale systems of financial control in the enterprise, the build out of the financial information processing control subsystem, the cash income and expenditure control subsystem, cost control subsystem, control subsystem and asset investment projects, stock control subsystem is applicable to the general construction of the sub-systems thinking . construction of financial information processing subsystem, in order to deal with financial information in real-time control, enterprises should set up review, number, review, approval, and other control points, strengthen the accounting audit to ensure the quality of information; to build the cash balance control subsystem, it is a money income and expenditure of funds, raw materials procurement and product sales, the handling of claims and debts, bank loan application and return as well as the financial results of the formation and control of such profits and taxes jie jiao, more than the cash budget is approved, cash income and expenditure , reflecting the control of the actual situation; to build cost-control subsystem, in accordance with product standard costs, fixed costs and cost estimates and other requirements, controlling the consumption of production products occurs, set the place of production products consumed in human and material resources and financial resources link control points, non - approval shall not break the fixed standard; to build investment projects, control subsystem, according to capital investment projects, budget control cash flow, strengthen the budget review, the direct costs and indirect costs of subprojects control; to build assets, stock control subsystem, the implementation of cash, bank deposits, inventories, fixed assets, such as physical asset control, according to legal documents, to periodic inventory, overage pankui fill in report form, and upon approval to be processed. (b) specific set of corporate financial control systems and efficient concept of enterprise financial control is a complex work, systems engineering, how to control object according to different reasonable to set corporate financial control system, set up corporate financial control system is to boost the effectiveness of management control key. at present, large enterprise financial control system, the more widespread application of sub-set method is to set corporate financial information processing control subsystem, the cash income and expenditure control subsystem, cost control subsystem, control subsystem and asset investment projects, the stock of control subsystem. set corporate financial information processing subsystems, in order to ensure the handling of financial information in line with the overall goal of corporate finance and accounting systems requirements, processing of financial information must be real-time control. enterprises should set up review, number, review, approval, and other control points, strengthen the accounting audit to ensure the quality of information; setting up enterprises cash income and expenditure control subsystem, control subsystem of the main cash income and expenditure of money income and expenditure of funds, raw materials procurement and product sales, the handling of claims and debts, bank loan application and return as well as the financial results of the jiejiao taxes such as the formation and control over cash budget expenditure, must be subject to certain approval. the final adoption of the cash income and expenditure reports, cash income and expenditure of budgetary control to reflect the actual situation; setting control subsystem cost of doing business, corporate cost-control sub-systems are based mainly on product standard costs, fixed costs and cost estimates and other requirements of the production took place products carried out by a variety of consumption of the control of, any occurrence of human produce goods consumed in parts of material and financial resources should be set up control points, non-approval shall not break the fixed standard; setting control subsystem of enterprise investment projects, enterprises subject to investment projects, should be set up investment projects, control subsystem, according to capital investment projects, budget control cash flow, strengthen the budget review, the direct costs and indirect costs of sub-project control; setting up enterprise inventory control subsystem, business assets, mainly cash stock control subsystem , bank