现代企业财务管理中英文对照外文翻译文献.docx
《现代企业财务管理中英文对照外文翻译文献.docx》由会员分享,可在线阅读,更多相关《现代企业财务管理中英文对照外文翻译文献.docx(15页珍藏版)》请在冰豆网上搜索。
现代企业财务管理中英文对照外文翻译文献
现代企业财务管理中英文对照外文翻译文献
(文档含英文原文和中文翻译)
DiscussionontheModernEnterpriseFinancialControl
RyanDavidson,JennyGoodwin-Stewart,PamelaKent
ThispaperdiscussestheThemodernenterpriseisbecomingChina'seconomicdevelopmentintheprocessofanimportantnewforce.However,withthemodernenterpriseinvestmentonthescaleoftheexpansionandextensionofthegrowinginvestmentlevels,themodernenterprisefinancialcontrolisbecomingincreasinglyurgent.Thisiscommoninstate-ownedenterprisegroupsandprivateenterprisegroups,acommonpredicament.Atpresent,themodernenterpriseisbecomingChina'senterprisestocompeteintheinternationalmarket,theleadingforce.InamarketeconomyundertheconditionsofmodernbusinesssuccessorfailuredependslargelyontheGroup'sfinancialmanagementandfinancialcontrolisamodernenterprisefinancialmanagementofthelink.ManyofthemodernenterprisebystrengtheningthefinancialcontrolsothattheGroupsignificantincreaseefficiency,andevensomeloss-makingbystrengtheningthefinancialcontrolofthemodernenterprisetoenablecompaniestoachieveprofitability.Inthispaper,expoundingChina'smodernenterprisesthemainproblemsoffinancialcontrol,basedonthechoiceoffinancialcontrolmethodwassummarizedandanalyzedthecontentofthemodernenterprisefinancialcontrols,thefinalresolutionofthefinancialcontrolmodeselectedkeyfactorsforthemodernenterprisetheimprovementoffinancialcontroltoprovideadegreeofmeaningfulviews.
1Introduction
WithChina'saccessiontoWTO,China'senterprisegroupsmustbeontheworldstagetocompetewithTNCsfromdevelopedcountries.AtpresentthedevelopmentofenterprisegroupsinChinaisnotsatisfactory,althoughtherearenationalpoliciesandinstitutionalreasons,butmoreimportantisitsfinancialmanagementinparticular,causedbyinadequatefinancialcontrols.Foralongtime,China'senterprisegroupcohesionisnotstrong,theirrespectivesubsidiarieswithintheGroupforthearray,cannotplaythewholeadvantage;redundantconstructionandhaphazardintroductionoffrequent,smallinvestments,decentralizedprominentproblem:
financialmanagementischaotic,resultinginfrequentlossofcontrol,awasteofmoneythephenomenonofserious;ineffectivefinancialcontrol,financialmanagementloopholes.Inrecentyears,enterprisegroup'sfinancialcontrolhasbeenourcountry'sfinancialcircles.Inshort,theproblemofexplorationinourcountryhasobviouspracticalsignificance.
Clearly,China'smodernenterprisefinancialcontrolsarethemainproblemistosolvetheproblemoffinancialcontrolmethodbasedonthechoiceoffinancialcontrolmethodisthekeyfinancialcontrolofthemodernenterprisecontentiscontent,whilethefinancialcontrolmethodofchoiceistheultimateownershipofthemainfactorsthatpoint,Thistrainofthoughthereonthemodernenterprise'sfinancialcontrolmethodwereanalyzed.
2.Anoverviewofthemodernenterprisefinancialcontrol
Internalcontroloverfinancialcontrolisanimportantpart,isasubsidiaryofparentcompanycontrolofanimportantpartofitsfinancialmanagementsystemisthecoreof.Theconceptofmodernenterprisefinancialcontrolsinaccordancewiththetraditionaldefinition,financialcontrolreferstothe"FinancialOfficers(sector)throughthefinancialregulations,financialsystems,financialscale,financialplanninggoalsofcapitalmovement(orthedailyfinancialactivities,andcashflow)forguidance,organization,supervisionanddiscipline,toensurethatthefinancialplan(goals)toachievethemanagementactivities.financialcontrolisanimportantpartoffinancialmanagementorbasicfunctions,andfinancialprojections,financialdecision-making,financialanalysisandevaluationtogetherwithafinancialmanagementsystemorallthefunctions.
Themodernenterprise'sfinancialcontrolisintheinvestor'sownershipandcorporatepropertyrightsbasedonthegeneratedsurroundingtheGroup'soverallobjective,usingavarietyoffinancialmeans,themembersoftheenterprise'seconomicactivities,regulation,guidance,controlandsupervision,sothatitManagementGroup'sdevelopmentactivitiesareconsistentwiththeoverallgoalofmaintainingthegroupasawhole.Financialcontrolisapowertocontrolonesideofthesidecontrol,inevitablybasedononeorseveralpowers.Financialcontrolisessentiallyrelatedtotheinterestsofenterprisesintheorganization,theconductofcontrol,namely,bycontrollingthefinancialactivitiesoftheassets,personnelactions,tocoordinatetheobjectivesofthepartiestoensurethatbusinessgoals.Themodernenterprisefinancialcontrolincludestwoaspects:
theownerfundedfinancialcontrolandcorporatemanagersfinancialcontrol.Fromthedonorspointofview,theessenceofthemodernenterpriseischaracterizedbyinvestorandcorporatepropertyrightsofownershipandseparation.Investorswillinvestitscapitaltotheenterpriseaftertheircapitalcombinedwithdebtcapital,constitutetheenterprise'scapital,theformationofcorporatebusinessassetsisfundedbycorporateproperty,thenlostdirectcontroloverthefundersinordertoachieveitsCapitalmaintenanceandappreciationofthegoal,onlythroughcontrolofitscapitalmanipulationofcorporateassetsinordertoachievethemaximumcapitalvaluedonors.Thecontrolofcapitalcontrolsisanimportantpropertyistheprerequisiteandfoundationforfinancialcontrol.Fromtheperspectiveofinternalmanagementofenterprisesanditsfinancialcontroltargetisthelegalpropertyofitsoperations.
3China'smodernenterprisesthemainproblemsoffinancialcontrol
Atpresent,themodernenterpriseisbecomingChina'senterprisestocompeteintheinternationalmarket,theleadingforce.InamarketeconomyundertheconditionsofmodernbusinesssuccessorfailuredependslargelyontheGroup'sfinancialmanagementandfinancialcontrolisamodernenterprisefinancialmanagementofthelink.China'smodernenterprisefinancialcontrolsarestillinthestagetobefurtherimproved,tovaryingdegrees,therearesomeurgentneedtoaddresstheproblem:
3.1Financialcontrolsetdecentralizedmodelofpolarization,lowefficiency
Inthefinancialcontrolofthesetofdecentralizedmodel,China'smodernenterprisepolarization.Thecurrentgroupoffinancialcontroleitherover-centralizationofpower,themembersofthebusinesshasnolegalstatusasasubsidiaryfactoryorworkshop,thegroupisseenasabigbusinessmanagement,leadershipfinancialrightsabsolute;orexcessivedecentralization,alargenumberofdecentralizedfinancialcontroltoasubsidiary,anyofitsfreedevelopment.
Inaddition,themodernenterprisefinancialcontrolsystemsuitedtheneedsofamarketeconomy,financialcontrolandflexibilityofprinciplethereisnoorganicunity.Ifthesubordinateenterprises,withfewfinancialdecision-makingpower,thenthetemporaryfinancialproblemsoccurateverylevelalwaysreportedtotheGroup'sheadquarters,andthenfromtheheadquartersdowntheimplementationofthedecision-makingateverylevel,soitiseasytomissmarketopportunities.Onthecontrary,whenthesubsidiaryoffinancialdecision-makingpoweristoolarge,theyeasilyleadtofinancialdecision-makingblindandmistakes,notonlyfortheGroup'sstafftoparticipateinmarketcompetition,failedtoexerciseanydecision-makingrole,butwillalsobecomeacompetitortothemarkettoprovideatoolforcompetitiveinformation,hinderthethefurtherdevelopmentofenterprises.
3.2Oneofthelackoffinancialcontrol
Financialcontrolinaccordancewiththeownerofintention,inaccordancewithrelevantlawsandregulations,systemsandstandards,throughcertainfinancialactivitiesandfinancialrelations,andfinancialactivitiestopromoteallaspectsofthefinancialrequirementsinaccordancewithacodeofconducttoconducthisactivities.FromChina'scurrentsituation,thefinancialcontrolofamodernenterprisemainlyfocusedonexpostfactocontrol,isoftenthelackofcriticalpre-budgetandtocontrolthings.Manymodernenterprises,afteradecisionisinadvance,forfurtherfinancialcontroltendedtofocusontheannualprofitplan,tomeetonthedevelopmentofafull-yearsalesrevenue,cost,targetprofit,andseveralotheroverarchingobjectives,withoutfurtherspecificdecision-makingtechnologytocompileforcontrolandmanagement,accordingtothemonth,quarterly,annualfinancialbudget.Therefore,theinterimbudgetandthusdifficulttocompareoperatingperformanceisamattertocontroltheemptywords.Asfortheexpostfactocontrol,althoughbasedontheyear-endassessmentoftheneedsandtogetsomeattention,theycanstillprofitintheannualplan,basedontherelevantaccountinginformationbarelysupportedbywhom,buttheeffectsareprettyeffective.Sincetheexantecontrolmaynotbeeffective,sosubordinateenterprisesthroughouttheimplementationprocessofdecision-makingarelargelyoutsidethecorebusinessoffinancialcontrol,divorcedfromthecorebusinessoffinancialcontrol.
Modernenterprisesthemselvesdonotestablishaparent-subsidiarylinkupthefinancialcontrolmechanisms,financialcontroltheirownways,theparentcompanyofthemodernenterprisecannotcometotheunifiedarrangementofastrategicinvestmentandfinancingactivities,thegroupblindlyexpandthescaleofinvestment,poorinvestmentstructure,externalborrowingoutofcontrol,financialstructureisextremelyweak,oncetheeconomicdownturnorproductsalesaresluggish,therebarrierstocapitalflows,theGroup