现代企业财务管理的探讨外文翻译.docx

1、现代企业财务管理的探讨外文翻译Discussion on the Modern Enterprise Financial ControlRyanDavidson ,JennyGoodwin-Stewart ,PamelaKentThis paper discusses the The modern enterprise is becoming Chinas economic development in the process of an important new force. However, with the modern enterprise investment on the sca

2、le of the expansion and extension of the growing investment levels, the modern enterprise financial control is becoming increasingly urgent. This is common in state-owned enterprise groups and private enterprise groups, a common predicament. At present, the modern enterprise is becoming Chinas enter

3、prises to compete in the international market, the leading force. In a market economy under the conditions of modern business success or failure depends largely on the Groups financial management and financial control is a modern enterprise financial management of the link. Many of the modern enterp

4、rise by strengthening the financial control so that the Group significant increase efficiency, and even some loss-making by strengthening the financial control of the modern enterprise to enable companies to achieve profitability. In this paper, expounding Chinas modern enterprises the main problems

5、 of financial control, based on the choice of financial control method was summarized and analyzed the content of the modern enterprise financial controls, the final resolution of the financial control mode selected key factors for the modern enterprise the improvement of financial control to provid

6、e a degree of meaningful views. 1 Introduction With Chinas accession to WTO, Chinas enterprise groups must be on the world stage to compete with TNCs from developed countries. At present the development of enterprise groups in China is not satisfactory, although there are national policies and insti

7、tutional reasons, but more important is its financial management in particular, caused by inadequate financial controls. For a long time, Chinas enterprise group cohesion is not strong, their respective subsidiaries within the Group for the array, can not play the whole advantage; redundant construc

8、tion and haphazard introduction of frequent, small investments, decentralized prominent problem: financial management is chaotic, resulting in frequent loss of control, a waste of money the phenomenon of serious; ineffective financial control, financial management loopholes. In recent years, enterpr

9、ise groups financial control has been our countrys financial circles. In short, the problem of exploration in our country has obvious practical significance. Clearly, Chinas modern enterprise financial controls are the main problem is to solve the problem of financial control method based on the cho

10、ice of financial control method is the key financial control of the modern enterprise content is content, while the financial control method of choice is the ultimate ownership of the main factors that point, This train of thought here on the modern enterprises financial control method were analyzed

11、. 2. An overview of the modern enterprise financial control Internal control over financial control is an important part, is a subsidiary of parent company control of an important part of its financial management system is the core of. The concept of modern enterprise financial controls in accordanc

12、e with the traditional definition, financial control refers to the Financial Officers (sector) through the financial regulations, financial systems, financial scale, financial planning goals of capital movement (or the daily financial activities, and cash flow) for guidance, organization, supervisio

13、n and discipline, to ensure that the financial plan (goals) to achieve the management activities. financial control is an important part of financial management or basic functions, and financial projections, financial decision-making, financial analysis and evaluation together with a financial manag

14、ement system or all the functions. The modern enterprises financial control is in the investors ownership and corporate property rights based on the generated surrounding the Groups overall objective, using a variety of financial means, the members of the enterprises economic activities, regulation,

15、 guidance, control and supervision, so that it Management Groups development activities are consistent with the overall goal of maintaining the group as a whole. Financial control is a power to control one side of the side control, inevitably based on one or several powers. Financial control is esse

16、ntially related to the interests of enterprises in the organization, the conduct of control, namely, by controlling the financial activities of the assets, personnel actions, to coordinate the objectives of the parties to ensure that business goals. The modern enterprise financial control includes t

17、wo aspects: the owner funded financial control and corporate managers financial control. From the donors point of view, the essence of the modern enterprise is characterized by investor and corporate property rights of ownership and separation. Investors will invest its capital to the enterprise aft

18、er their capital combined with debt capital, constitute the enterprises capital, the formation of corporate business assets is funded by corporate property, then lost direct control over the funders in order to achieve itsCapital maintenance and appreciation of the goal, only through control of its

19、capital manipulation of corporate assets in order to achieve the maximum capital value donors. The control of capital controls is an important property is the prerequisite and foundation for financial control. From the perspective of internal management of enterprises and its financial control targe

20、t is the legal property of its operations. 3 Chinas modern enterprises the main problems of financial control At present, the modern enterprise is becoming Chinas enterprises to compete in the international market, the leading force. In a market economy under the conditions of modern business succes

21、s or failure depends largely on the Groups financial management and financial control is a modern enterprise financial management of the link. Chinas modern enterprise financial controls are still in the stage to be further improved, to varying degrees, there are some urgent need to address the prob

22、lem: 3.1 Financial control set decentralized model of polarization, low efficiency In the financial control of the set of decentralized model, Chinas modern enterprise polarization. The current group of financial control either over-centralization of power, the members of the business has no legal s

23、tatus as a subsidiary factory or workshop, the group is seen as a big business management, leadership financial rights absolute; or excessive decentralization, a large number of decentralized financial control to a subsidiary, any of its free development. In addition, the modern enterprise financial

24、 control system suited the needs of a market economy, financial control and flexibility of principle there is no organic unity. If the subordinate enterprises, with few financial decision-making power, then the temporary financial problems occur at every level always reported to the Groups headquart

25、ers, and then from the headquarters down the implementation of the decision-making at every level, so it is easy to miss market opportunities. On the contrary, when the subsidiary of financial decision-making power is too large, they easily lead to financial decision-making blind and mistakes, not o

26、nly for the Groups staff to participate in market competition, failed to exercise any decision-making role, but will also become a competitor to the market to provide a tool for competitive information, hinder the the further development of enterprises. 3.2 One of the lack of financial control Finan

27、cial control in accordance with the owner of intention, in accordance with relevant laws and regulations, systems and standards, through certain financial activities and financial relations, and financial activities to promote all aspects of the financial requirements in accordance with a code of co

28、nduct to conduct his activities. From Chinas current situation, the financial control of a modern enterprise mainly focused on ex post facto control, is often the lack of critical pre-budget and to control things. Many modern enterprises, after a decision is in advance, for further financial control

29、 tended to focus on the annual profit plan, to meet on the development of a full-year sales revenue, cost, target profit, and several other overarching objectives, without further specific decision-making technology to compile for control and management, according to the month, quarterly, annual fin

30、ancial budget. Therefore, the interim budget and thus difficult to compare operating performance is a matter to control the empty words. As for the ex post facto control, although based on the year-end assessment of the needs and to get some attention, they can still profit in the annual plan, based

31、 on the relevant accounting information barely supported by whom, but the effects are pretty effective. Since the ex ante control may not be effective, so subordinate enterprises throughout the implementation process of decision-making are largely outside the core business of financial control, divo

32、rced from the core business of financial control. Modern enterprises themselves do not establish a parent-subsidiary link up the financial control mechanisms, financial control their own ways, the parent company of the modern enterprise can not come to the unified arrangement of a strategic investme

33、nt and financing activities, the group blindly expand the scale of investment, poor investment structure, external borrowing out of control, financial structure is extremely weak, once the economic downturn or product sales are sluggish, there barriers to capital flows, the Group into trouble when they become addicted. An interna