Financial Management Capacity Of Applied Research, Enhance Model (fmcim)

The issues concerning the improvement of the enterprise financial management capability is always complicated and challenging. It is essential to follow certain model and methodology. The thesis tries to construct a service frame and improving process based on the Financial Best Practice to serve the improvement of enterprise capability: Financial Management Capability Improving Model (FMCIM).The thesis introduce detailed on the definition, design model, method frame and the implementation instruction of the Financial Management Capability Improvement Model (FMCIM). Meanwhile it also brief and review the common used methods and tools such as Strategy Map, Critical Success Factor, Key Performance Indicator, Key Function Indicator, Capability Survey, Fishbone Diagram etc.The author strongly believes in that the model is the skeleton of the Financial Management Capability Improvement process while the Financial Best Practice is the soul. The Financial Best Practice is refined from the management pattern and business process of numerous successful enterprises. Based on the analysis, refining and absorbing of Financial Best Practice, enterprises can standardize financial structure rapidly and realize the role transfer from accounting to participating in managerial decision making.The thesis established a Financial Best Practice pool from the following sides: function and structure, financial risk management, budgeting system, capital investment, capital structure, cash management. Finally, this paper has taken the financial consulting project of ABC Company as a study object. The paper expatiate the whole implementation process owing to the model and draws the conclusion.