Financial management knowledge is difficult to read and difficult to understand, and it is even more difficult to fully grasp its ideological connotation.
The following is a system that a senior financial manager tried to summarize based on his own financial management ideas. In summary, it is ten easy-to-remember jingles that you can use in department meetings or trainings. It can also be used as one of the standards for internal assessment of the department.
1
A core clear goal, resources focus on the unity of knowledge and action
With "value management" as the core, to enhance and create the value of the company, team and individuals It’s your duty! After clarifying the goal, the most important thing is to mobilize all resources (human, material and financial resources) to focus on the core, cooperate with measures, take the maximum amount of actions in the shortest time, and achieve the unity of knowledge and action!
2
The two functions are accurately positioned, and the world is brighter than ever before.
Based on the understanding of business and operations, using communication as a means, and obeying the Strengthen the "service" and "control" functions under the guidance of the company's overall strategy. Wherever you go first with empathy and service, control will follow! "Half is an angel, half is a devil!"
3
Three statements give an overview of the whole situation, and the three main lines extend step by step
Balance sheet, profit and loss statement , cash flow statement; look at the overall situation with three major statements; the balance sheet is based on subject cleaning and guided by the six principles of financial management, and the income statement is based on management accounting, forecasting, planning control, and responsibility assessment for segment accounting. , branch assessment, cash flow is based on the combination of capital management and responsibility assessment, and cash is king.
4
The four types of finance are promoted layer by layer, and all parties work together to pursue excellence
There are levels of internal management, and the focus of each level is different; the accounting layer is Service communication type, the management level is planning and control type, the department and leadership relationship level is decision support type, and it is value creation type for the entire company.
Be a person first, do things later, then make accounts, show off in moderation!
5
Five S cleaning continues to evolve, there is no end, only better
It should be based on and coordinated with the "subject cleaning" and "monthly demonstration" formed over many years The introduction of the company's "Excellent Performance" management model forms a financial "evolution theory" based on PDCA.
6
Six principles of internal strength and mental skills, six less and six more ways to discuss swords
Six principles: positive balance of income and expenditure, principle of balance of interests, resources Reasonable allocation, hierarchical and decentralized management, risk-return balance, and cost-benefit principles.
6 less and 6 more:
① Talk less about how it won’t work and more about how it can work;
② Give less complaints about work and propose more solutions; < /p>
③ Make less oral reports and do more quantitative tracking;
④ Be less adaptable and more pre-planned;
⑤ Less private discussions and more openness Tips;
⑥Be less self-centered and give more proactive feedback.
7
Qizi pays close attention to laying a solid foundation and building its own core capabilities
Introducing the seven genes of Lenovo’s basic management and combining it with its own characteristics to root in the financial management system:
①Put up the flag→Business philosophy (market, consumption, product orientation).
②Select talents → Human resources development; no one is perfect, make progress through inspections, achieve professional knowledge during inspections, and identify real talents during inspections. Talent identification criteria: attitude, ability, loyalty! All three are indispensable!
③Brainwashing → Corporate culture construction, creating a financial culture with Schindler characteristics and distinct personality.
④Adjust positions →Organizational structure and organizational flow, using a matrix organizational structure of independent delegation + company system + functional division of labor + independent supervision to ensure a criss-crossing system.
⑤ Set the framework → pay close attention to the construction of systems, processes, responsibilities, manuals, etc.
⑥Fixing leaks→Informatization and deepening of ERP system
⑦Dividing tickets→Goals, incentives and assessments.
8
Keep these three points in mind, and you will never go out of style when establishing your career.
The "Eight Big" accounting principles, the "Eight Dragon Steps" of financial management, and the "Eight Dragon Steps" of financial management The three "eights" correspond to the professional characteristics and personalities of the 3.8 female team in the financial center, which is dominated by women:
The eight principles of accounting: timely, relevant, reliable, comparable, understandable, Being important, cautious, and substantive over form is the foundation of accounting.
Tianlong Eight Steps "Method Process Theory":
① Clarify responsibilities (communicate with superiors, peers, and subordinates);
② Set standards (improving standards) to benchmarking and benchmarking management);
③Fill in the template (find the way, method and execution of doing things);
④Look for anomalies (analyze anomalies through comparison);
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⑤ Communicate frequently (change positions, understand business departments);
⑥ Make patches (go back to the starting point, revise systems or processes);
⑦ Plan early (look ahead) future, prevention or planning);
⑧Lock the results (attitude: never give up).
The "Eight Honors and Eight Disgraces" of finance:
① Take pride in planning and prevention, and be ashamed of rushing to deal with it;
② Take pride in being timely and accurate, and take pride in being timely and accurate. It is shameful to procrastinate and be vague;
③ Take pride in controlling results, and feel ashamed to use excuses to complain;
④ Take pride in template standards, and feel ashamed to do whatever you want;
⑤ Be proud of sticking to the bottom line, and be ashamed of letting things go;
⑥ Be proud of taking the initiative to participate, and be ashamed of having nothing to do with the matter;
⑦ Be proud of active communication, and be ashamed Being passive and autistic is a shame;
⑧Be proud of continuous improvement and be ashamed of resisting change.
9
Gathering together in the spirit of unity, "power train unit" is a perfect team
The organization and management of enterprises and teams, whether it is "production or sales" ", people, development, wealth" are all people. In the final analysis, the management of an enterprise is the management of "people", and the most difficult thing about managing people is the unification of ideas, so we must form a perfect team in the team. The same values, vision and mission form an invisible magnetic field to form an orderly ideological system.
There is no perfect individual, only a perfect team; only by using the talents of people can we build a perfect team with complementary advantages. The "EMU" team is our goal. Old-fashioned trains are slowly being phased out, and EMUs are slowly being used across the country. Why use EMUs? The reason is that each carriage of an automatic train has power, unlike old-fashioned trains. Driven only by the locomotive, this concept has been introduced into the construction of our financial team. The implication is that personnel at all levels must give full play to the power of each car, and drive the overall force driven by the total power. Run forward quickly and steadily.
10
Ten years of financial experience, learn from each other
1. Find the right position, clear goals, establish rules and regulations, and improve Internal control;
Finance reflects the economic activities, financial status, and operating results of the entire company. It has unique advantages in obtaining overall information, which determines the extremely important role of finance in supporting company management decisions. effect. Financial management aims at maximizing corporate value.
In order to adapt to the company's development and personnel flow, and to ensure that management work is in accordance with the rules, we should constantly compare the internal control systems of other companies to improve our company's internal control system and plug management loopholes.
The financial system of each subsidiary is required to be organized into one WORD document (not multiple documents), cataloged and indexed. If there are any changes or additions, they should be modified here.
2. Cash is king, pay attention to repayments, liquidate assets and capital, and deal with potential losses;
In financial management, "cash is king" and effective supply of funds are the basic conditions for ensuring the normal operation of the enterprise. , the importance of funds to an enterprise is like the human body's need for blood, and it is an extremely important part of financial management. If the funds cannot keep up, it will have a very bad impact on the reputation of banks, suppliers, and employee salary payments. It is required to submit the "Delivery Payment and Fund Occupation Statement" every Monday to predict future fund status in a timely manner.
Statements or IOUs must be obtained for current payments of claims and debts. For dead and bad debts, the last transaction date and responsible person must be indicated. Comparing the physical assets' account deposits with their actual deposits and dealing with the differences requires constant effort.
In view of the "false bottom line" phenomenon in which some unapproved expenses are posted in the cash account and not reported in cash management, it is specially stipulated that all the cash of overseas institutions should be deposited in the bank on the settlement day, and the remaining cash should be kept in reserve. Cash is withdrawn on the first day of the next accounting month, and the balance is not allowed to be retained when the cash reaches zero. And issue a bank reconciliation statement to check the bank deposit journal.
For dead, bad debts, sluggish materials, other receivables, and other payables (all listed, but mainly for long-term unprocessed expenses and losses of other nature) are classified and cleaned up and reported on each day. The list will be summarized and submitted at the end of the quarter (before the 20th of the next month).
3. Be fair and equitable, adhere to principles, public relations, and straighten out relationships;
Most financial work involves the coordination of the distribution of interests among all parties. Maintaining fairness and justice and adhering to principles are the foundation of one's integrity. Book.
Financial personnel not only represent the interests of shareholders, but also should be good assistants to the heads of each company and supporters of company decisions, improve service awareness and work efficiency, and do their due diligence on the premise of promoting performance growth. Supervisory functions.
Strive to gain the trust of shareholders, the reliance of the general manager, and the understanding and support of other functional departments
4. Diagnosis and health care, timely warning, preparedness, and risk prevention;
4.1. Clarify the key points of control, and all matters must be reviewed to prevent errors;
Among the subsidiaries, especially the sales company, the independent accounting model of multiple organizations managed remotely makes management difficult, and accounting is necessary When mistakes are made, the emphasis is on a high degree of unity, continuity of the past and the future, and uncompromising execution. In particular: accounting processing of branch bonuses, commissions, rebates, tax-related matters, timeliness and accuracy of quantity and unit price verification of front-end invoices and receipts, and review of promotional product distribution.
It's hard to find out.
4.2. Work must be predictable, focus on prevention, improve risk prevention awareness, and prevent accidents from happening.
For software backup data loss and damage, computer virus damage, wrong account number payment, movable transfer procedures and no record of transactions, resulting in overpayment, overpayment of project fees, overpayment of payables, and advance payment. It is impossible to write off without an invoice; raise awareness of risks such as monetary capital security (including internal theft), bad debts, over-credit shipments, inventory damage, fire and theft prevention, tax fines caused by irregular accounting handling, etc.
In particular, preventive measures should be formulated for sensitive issues such as entry fees, personal commissions, kickbacks, rebates, and bonuses that may be involved in industrial and commercial tax inspections, and regular inspections and implementation must be carried out. The occurrence of such problems may cause extremely detrimental losses to the company, and will also have a devastating blow to the performance of the entire finance department. Remember!
5. Scientific division of labor, assigning responsibilities to each person, continuous improvement, operation manual;
5.1. Supervisors should carry out scientific and clear division of responsibilities for subordinates, in written form Confirm (such as who belongs to the management of this subject, the time when specific work tasks should be completed, and quality requirements). However, authorization is not the same as granting responsibility. When problems and errors occur, find out the cause of the error, be brave enough to take responsibility, and do not talk to each other. Shirk.
5.2. The financial operation process manual of each job position requires a supporting operation interface diagram (the specific method is as follows: press the Prscrn sysrq key in the upper right corner of the keyboard in the software operation interface, switch to the WORD interface, and right-click Paste, you can paste the interface diagram of the software into the operation manual), along with the corresponding text operation points, precautions, cooperation matters between work and other positions, analysis of common problems and summary of work experience, and save them to the following path: mshomecw001zyx operation Manual; the file name is: Financial Center **** Company ***** Position Operation Manual; if there are any subsequent modifications, they will also be modified at the above address.
6. Be proactive and teamwork; communicate in a timely manner to eliminate misunderstandings;
Maintain a good working mood and proactively maintain teamwork. If there are any problems that are not promptly addressed by the superior supervisor When replying or providing solutions, please be sure to remind your supervisor from time to time by email or text message to prevent forgetting.
Information involving price, promotion and other marketing policies, recent work arrangements, branch personnel changes, organizational adjustments, possible problems, other representative errors, etc. must be reported to various departments within the financial center in a timely manner ( Including the invoicing team) inform each other to facilitate linkage. At the same time, pay attention to improving communication with other departments, understanding the work of other departments, and preventing misunderstandings.
7. Be down-to-earth, go deep into the grassroots level, do everything to the letter, and pay close attention to implementation;
The most common problem in finance is to stay in the office and not go down to the grassroots level, which will lead to the separation of accounts and actual accounts. , I only know the account but not the things. There is no in-depth understanding of the actual details of how the business operates.
Promote the pragmatic spirit of staying down, and you can use online means or go deep into the field (for example: QQ video monitoring of cash or directly deposit the full amount of cash at the end of the month into the bank, go on-site to take stock of goods and fixed assets, low-cost Value consumables, perform customer reconciliations to prevent falsification of statements or IOUs), check the implementation of the system, do not listen to work reports, and develop a work habit of focusing on tracking assigned work tasks and conducting spot checks on details.
It is necessary to implement the task to 100% completion without compromise, instead of saying ambiguous results such as "basically completed" or "almost".
8. Accounting requirements include timely and accurate accounting, comparative analysis, and difference control;
Ensuring timely and accurate data is the foundation of financial management. Only through regular comparative analysis of the same caliber can we find out the gaps, analyze the causes and propose control and management measures to promote the company to improve its management system, which is the best reflection of financial value.
9. Summarize on a weekly basis, provide timely reminders, pursue perfection, and never give up;
Conduct a work summary once a week, pay attention to work quality and progress in a timely manner, and ensure that monthly work tasks are not completed Missing items.
Don’t delay and give up on problems, establish a problem list for remaining or difficult problems, and use the elimination method to gradually solve them.
As long as you don't give up, you will always find a solution.
10. Emphasize unity, pursue efficiency, consolidate reports, and look at the overall situation
All types of financial output reports are required to adopt a unified format , unify templates to improve efficiency. All report formats must be consistent.
Unified transactions: The transactions between subsidiaries and between subsidiaries and branches or operating departments must be carefully checked before settlement, and the transactions must be consistent before issuing statements. And the prescribed subjects shall be used uniformly, and no additional subjects or details shall be added. List the transaction details of each member of the group and associated enterprises, sign an internal agreement, and offset the transactions of multiple accounts as much as possible.
When communicating with the other party, you should obtain the other party’s confirmation or signature, instead of you doing your account and I doing mine.
Unified statements: All subsidiaries and branches are required to submit electronic financial statements in a unified format (balance sheet, profit distribution statement, cash flow statement, comparative expenses for the same period of two years) before the 10th of the next month after the end of each quarter. (Manufacturing expenses, sales expenses, administrative expense statements, financial expenses), in order to facilitate summary, the report format is not allowed to be changed. Group companies and sales company headquarters require the preparation of consolidated financial statements.
Most bosses believe that finance is. Cost is not as good as sales and other departments that can directly generate revenue for the company, causing financial people to doubt themselves and ignore their true value. It would be a pity for pearls to be covered with dust.
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