Based On A Survey Of SMEs Financial Management Issues And Countermeasures

Enterprise management is a complicated project. In the enterprise program management, business management, production management, quality management and financial management, professional management, financial management is to play a central role in the professional management, financial management through a comprehensive management of funds in the form of a comprehensive work management company, financial management, The overall objective is business goals. SMEs in China's economic development occupies an important position, and only for SMEs to implement scientific, pragmatic, rigid financial management, lead, and contain other professional management companies in order to, when to play in economic development a greater role in order to maximize their profits, or is expected to achieve the goal of maximizing corporate value.Based on the financial management of SMEs countermeasures research on plastic-steel windows and doors factory Daqing business enterprise status, financial management conducted a survey of Daqing is a venture Plastic windows and doors factory to produce plastic steel windows and doors, new security doors, color coated thermal insulation panels, color-coated roof installation works, activities, camper-style color plates and so on, in 2008 with registered capital of 4 million yuan and total assets of 9 million yuan, sales income of 14.6 million yuan, sales net profit margin as follows: 3.8%. Factory management system and complete your company's overall well-targeted, management systems to build the whole, is a state with a certain scale transfer of private small and medium enterprises.Plastic door and window plant in Daqing business management system, although the relatively healthy, but that is not in financial management by the general principles of financial management, enterprise financial management. Financial management in the enterprise business decision-making does not have to play a central role. Asset management system, financial management systems, cost management systems, and other financial management systems, the implementation of non-existent, the Finance Department into the accounting department, did not form a "rigid" financial management.The financial data reflect:The solvency of enterprises, operating capabilities, profitability ratio analysis method using an analysis and evaluation.Short-term liquidity: current ratio maintained a good level of corporate liquidity strong, enterprise financial ability to pay is satisfactory. But the current assets in the accounts receivable accounted for 70.1%, the proportion of large, will liquidity shortage may occur debt-servicing difficulties.Operational capabilities: inventory turnover rate is less than the industry average, indicating excessive inventory, accounting for 23.6% of current assets, excess inventory investment implies the existence of an invalid, while there is excess inventory stock may be obsolete, so that their liquidity is slow, affect operational ability.The long-term solvency asset-liability ratio is higher than the industry average capacity of enterprises to borrow low, the need to reduce debt or raise equity capital, the reduction of asset-liability ratio, otherwise it will affect earnings and solvency. Profitability: net profit margin sales of the plant below the industry average, indicating the plant's product sales below the industry average, or higher than the industry standard costs, sales net profit margin is only 3.8%.It can be seen from the ratio analysis is slow due to its liquidity, so that enterprises short-term solvency, operating capacity, long-term solvency, profitability lower. Existence of the business problem: Investigation Daqing venture plastic doors and windows factory liquidity structure is irrational, cash flow is slow; increasing the value of fixed assets are not in place, forming pseudocolumn fixed assets; cost management untrue, corporate earnings reduced ; fund-raising difficult, the development of enterprises facing difficulties. Causes of the problems:The reasons for this are many, there are enterprises of external environmental factors - small and medium enterprises under the conditions of the socialist market economy is a new thing. Conversion, diversion, separation of separation there is a gradual strengthening and improving the growth process; national standards for SMEs is not perfect, the market competition, yet orderly formation, enterprise development space by industry, geography, marketing, finance, science and technology content limitations; are also environmental factors within the enterprise - the pursuit of small and medium enterprises and the recent profit-maximizing enterprise value maximization, ignoring long-term strategic objectives, instant success. Emphasis on production, re-sale, light management, light accounting. Managed institutional factors, but also the quality of personnel factors, macro-environmental factors and micro-environmental factors are intertwined, the financial management of SMEs in China is currently facing problems.Propose appropriate responses:First, liquidity management and liquidity to reduce occupancy to improve the efficiency of SMEs in the use of liquid assets; Second, fixed asset management, fixed asset management to improve the promotion of SMEs, the use of fixed assets, maintenance of a virtuous circle; Third, in cost management to enhance cost control, to maximize the value realization of small and medium enterprises; The fourth is to raise funds management to actively raise funds for the financing of small and medium enterprises to reduce costs and risks.Implementation of specific measures to:1) stressed the financial management in the enterprise management status; enterprise management with financial management as the center, reflecting the nature of finance and financial management, is suitable for and promote the market economy and enterprise development, the necessary means, but the center is not self-only a measure is to see if it can play on other various management led and driven by "leading" role;2) to determine the structure of current assets, accounts receivable collection, inventory management in the role of capital flows; the use of financial analysis to evaluate the financial situation of small and medium enterprises; collection of accounts receivable and accelerate cash flow tap the potential of making good use of company materials inventory.3) clearly fixed asset management procedures and practices, standardized measurement of cost and control of the content of Straighten out the fixed asset management procedures, the implementation of hierarchical sub-population management; correctly determine the depreciation of fixed assets, improve the value of fixed assets, improve the maintenance of fixed assets, to enhance the utilization of fixed assets.4) improve the financial base of the work carried out cost projections; to establish the rigidity of the financial management mechanism for the implementation of cost control ; a reasonable investment to increase the near-term and long-term profitability; increased funding in order to promote technological innovation to reduce costs.5) reveals the financing of capital should be concerned about the problems and risks. Measuring a good financial requirements, SME financing to be timely and appropriately; broaden the financing channels for SMEs, reducing financing costs and risk.SMEs, large number of enterprises, economic volume and paid taxes are accounted for half of the national economy. SMEs financial management infrastructure is weak, the lack of control over the financial behavior of SMEs increased the frequency of bankruptcy. This is very harmful to national economic development, therefore, economic management for SMEs and financial management study should cause great concern. Improve the level of financial management of SMEs, enterprise management level, the establishment of modern enterprise system, improve the socialist market economic system has a very important and long-term significance.