Research Of Financial Cost Control In Power Engineering Company

This review briefly introduces the theory of corporate finance based on cost control. By analyzing the power engineering company cost control system and financial situation, the major problems with the financial cost control system are identified. To strengthen the financial cost control, an accurate understanding of concept is required. Hence, the following measures are recommended:strengthening financial management in engineering projects, improving the financial cost control system, establishing a broader financing concept, enhancing accounting control, centralizing funds management and capital control, and unifying standards for other operating costs. As for budget management, asset inventory, cash flow budget, and the strengthening of budget execution and assessment are essential. In addition, sound internal financial control system, monitoring the risky processes, an improved financial supervision system, the establishment of a security system for financial cost control, and relevant protection in organization and technology are also indispensable.