Research On Optimal Solution Designing For Financial Management And Control Of Business Group A

In recent years, especially after the financial crisis, the development of China’s large-size Enterprises demonstrates a trans-regional, cross-industrial, diversified and multi-leveled tendency, and their organizational structures become increasingly complex. However, within those large business groups, the problem of unification stands out abruptly, and financial management and control has also turned out to be a big trouble. In the new era and the new situation, the business strategy of group A has gradually shifted from the "scale development" to sustainable development, drawbacks of too many financial management subsidiary become increasingly obvious, the original decentralized financial management of subsidiaries too much dispersion management, financial management and control can’t meet the needs of the new situation of the group. It has become a important issues that business group A must face and resolve that how to create an effective financial management and control mode to ensure that the realization of the group’s strategic planning and strategic control of the group.This paper attempts to do a little exploring in improving our financial management and control aspects of enterprise groups. First of all, I review the domestic and foreign scholars’ research in financial management and control aspects, and secondly, business group A analysis on the status of financial management and control found that there are several major problems:centralized management of funds can’t be fully realized, the overall budget management pay more attention in formality, the information is not applied highly, monitoring services level is not high, performance evaluation system is unreasonable, these problems can’t adapt to the new financial management and control model, which affect the business group A’s effective control of the subsidiary. Therefore, in the spirit of the principles and procedures of institutionalization, we design business group A of financial management and control optimization program, the first is to optimize the system to appoint the chief financial officer, directly involved in the supervision of the management decision-making subsidiary subject to sub-general manager of the company leadership, presided over the financial activities of subsidiaries, but also on behalf of the company to implement decision-making functions on the subsidiary. Secondly, manage funds through the establishment of pools of capital and capital budget management system. Third, build a comprehensive budget management committee, make the budget goals and business strategy of the group’s development in harmony, so that enterprises budget of each of the convergence Interrelate reinforce what the budget management control in advance and afterwards. Fourth, strengthen internal control, accelerate the construction of the internal audit and financial early warning system. Finally, through the improvement of financial information systems to be able to grasp the operating conditions of this Part, a subsidiary, is conducive to the operation and management of the subsidiary companies, is more conducive to the overall business decisions of this Part, and to affiliated companies engaged in a reasonable controllable range production and management, in order to be able to provide a reference value for the business group A in the financial management and control aspects.The optimization proposal designed in this paper covers each and every link, that is, before, during and after the process, and it can exert an impact on lots of factors connected with financial management and control. It has resolved all the problems of group A such as its poor and inadequate financial supervision, the nearly formalistic management of comprehensive budget, and the unreasonable system of performance evaluation etc. The application of information technology enables business group A to make pragmatic improvements in the respects of standardization, accurate information, risk control, resource allocation, efficient operation, and management improvement etc, and also to achieve the integration of financial business, adapt to the fierce market competition, and promote realization of the overall strategic target.