On Several Problems Of CFO Transformation In Enterprises

With our country's striking economic development and establishing modern enterprise institutions, accounting is becoming more and more important in economics, and Chief Financial Officers(CFO), as the core of corporate financial accounting field, have played the dominant role in promoting corporate governance and enterprise development. Although CFO institution of our country is being oriented to CFO institution of developed countries, up to now, our country's CFOs are not equal to western country's CFOs because of not precise position, not high status, not broad responsibilities, the administrative selection and not perfect self-management mechanism. Accordingly, in order to change the situation as soon as possible, people have to right now study the existing problems in CFO transformation.At the beginning, this thesis deeply analyses the international institution on CFO, investigates corporate governance information of American famous 50 corporations, and find that the CFO's status in corporate governance has been much more different from ever. Thus it systematically study CFO's duties, salary incentive, selection model and self-management mechanism in order to give some helpful advice to make CFOs transformed. On the basis of first-hand materials that is acquired from many enterprises, the thesis analyzes the existing problems and reason of CFO's transformation, focuses on CFO's position in corporate governance, CFO's status in organizational structure and the inevitability of CFO's transformation, discusses the professional responsibility, honesty responsibility and legal responsibility on CFOs, and suggest that salary incentive model should be associated with operational performance and diversified. In the perspective of strengthening CFO's self-management, the thesis thinks that measures could be taken to develop CFO market so as to enhance restrictions to CFOs and make condition for CFO's selection from CFO market. These measures include: eliminating administrative intervention, promoting CFO's specialization, creating CFO's growing environment and constructing CFO's entering mechanism. Moreover, the thesis takes American Canadian and Australian financial executive institutes as the basis, centers on CFO's self-management in our country, and proposes that CFO's ethics code and praising-punishing mechanism should be established, CFO's qualification identification and ability structure should be accomplished, and CFO's successive training should be intensified.