Study Of Modern Financial Management Model Of The Telecom Companies

Establishing and consummating the modern finance management models is of great value for the telecommunication enterprises. This will enhance informatization, standardization and science of finance management, improve the management level, profit and core competition power of these enterprises, and cope with the fierce domestic and foreign competitive environment .This paper studied and analyzed the current status of the finance management in the major telecommunication enterprises of china, refered the successful experience of finance management from those major enterprises and combining full scale budget management, performance evaluation and finance management informatization theory, then finally proposes a new finance management model based on network information system, with full scale budget management and performance evaluation as control method, putting the whole business process under control. And it also proposes that full scale budget management and performance evaluation be integrated into the accounting system, realizing the integration of accounting and finance management. By constructing accounting system center based on information network, we can decouple the accounting and finance management center, and implementing centralized accounting and flat finance management. By adopting internal budget scheduling and virtual bank, we may implement collective payoff and centralized management. The new finance management model has gain much credit in the application of telecommunication enterprises, the finance management of Chinese telecommunication enterprises must be centered on management and performance and force on full scaled budget management and performance evaluation, which brings positive triangle effect and acquires core competition power hard to imitate and substitute.