Chief Financial Officer Delegated Model And Implementation

Chief Financial Officer (CFO) System is an outcome of market economy. Itsmechansm reflects the demand of Trust Agency Theory. China is now on her Way ofeconomy system transition. With the development of Chinese reform and market economy,government and enterprises are gradually set apart. And so do the ownership andmanagement of enterprises. But the resesentative of State-owned property right has Stayedvague. At the same time, corporate governance system is uncomplcted, execotive is noteffectively controlled, financial supervision on enterprises is weak and asset is lostseriously. So it has been an important project tO establish monitoring mechanism to protectthe interest of investors. As a result, it's, urgent tO carry on research of CFO system, whichis a necessary part of corporate governance system.Standing on the point of developing market economy, transforming enterprisesoperating mechanisn and protect the interest of investors, the writer researches the contentof CFO System and the related issues in practice. Based on the comparison and analysis oninvestor monitoring mechanism of foreign countries, and combined with characteristics ofChinese enterprises and experimental practice, the thesis puts forward the mode of ChineseCFO System, Which includes CFO's function, different assignment Ways, responsibilityand management, etc. It also involves the coordinaion of CFO and the executive, ChiefAccountant and auditor. The Writeanalyses the problems in practice and then posescorresponding solutions. At last, the writer point out the vitaity and bright vista of CFOsystem in China.There is an attachment to the thesis as a practical sumnary which is CFO Systemmode of Xi'an Electronic Machinery Manufacturing Group designed by a project team(thewriter was a member).This part shows the pracical value of the research.In China, research and practice of CFO System has just startd. It needs continuousconclusion and perfectibility. Due to the limit of all informaton the writer has collectedthe view ofpoillt may not be correCt. The writer looks forwar to advice and instrUction.'...