Issues And Strategies Research Of The Preheater Company’s Financial Accounting Hosted By The Parent Company

China’s market economy has driven by Economic globalization entered anew era, products, management, rapid service innovation, Many enterprises toimprove competitiveness by building a parent-subsidiary model of development,however, financial management and control has become bottlenecks in theprocess of achieving expansion, restricting the healthy development of theenterprise group. Therefore actively explore sound financial management modelfor enterprise group strategic objectives, enhance the comprehensive strength ofgreat significance. Preheater Company is a subsidiary of its financial accountingis currently hosted by the Harbin Boiler Company, financial management by itsown financial officers responsible for many years formed the internal andexternal accounting systems are separated, the pattern of their operation,financial escrow the overly centralized model caused the parent-subsidiary is notcoordinated strategy, financial information is difficult to supportdecision-making, unreasonable use of funds, the financial system is running lowefficiency problem, re-build good financial management and control model is aneffective way to solve these problems.In this paper, enterprise group financial control theory, combined with thePreheater Company’s financial system operation and parent-subsidiary to buildthe initial intention hosted mode, dig the causes of the failure of financialmanagement and control, and to give the targeted optimization strategy. Throughstudying the basis of documents and interviews with the actual business ofresearch personnel, and means for the Preheater Company’s business processescombing and analysis, pointed out the control and supervision of the design andoperation mechanism of defects, mainly parent failure to fulfill the functions ofaccounting services subsidiary, division of business-critical permissionsunreasonable, contrary to the actual execution of business principles, improperworking position and orientation financial officers and so on.To solve theseproblems, you must change the excessive centralization of the parent companycontrol mode, adjust the organizational structure, the financial and accountingfunctions returned to the Preheater Company to provide basic security for the full operation of the financial system, while the parent company by delegatin gfinancial officer and strengthened its internal audit and budget to ensuremonitoring. Only comprehensive monitoring mechanism is not enough incentiveand restraint systems must be combined together to achieve the intended effect offinancial goals, this paper proposed the implementation of a scientific andreasonable evaluation system as an incentive for managers to achieve thestrategic leverage of the parent company, the parent company finally integrateinformation platform created for the parent-subsidiary financial, businessintegration channel, providing support for the new financial system running well.In summary, this paper analyzes start from the Preheater Company’sfinancial accounting hosted by the parent case, seeks to establish a program toprovide a relatively sound financial management and control of the parentcompany model, not only enriched the existing theoretical results, but also forother enterprise group financial management and control of new ideas andapproaches.