The Problems And Countermeasures Of The Financial Management Of M Coking Company

With the rapid development of economic globalization in the worldtoday, it makes the China’s domestic consumption structure upgradesubsequently and accelerates the pace of industrialization. Urbanizationprocess is also faster and the domestic industries have got rapid development.Especially coke industry as a basic industry, the development momentum isfierce. M coking company following the pace of economic development hasalso experienced rapid development. However, in recent years because of therecession of the iron and steel industry, M coking company business alsodepressed, in a critical period of survival. The company’s current financialmanagement system in accordance with the relevant implementation alreadycould not adapt to and promote the development of the company. Therefore,following the changes in the market, the adjustment of national policy, in theface of the current economic environment, to make M coking companies tofollow the development of the market, adapt to the changing economicenvironment, effectively promote the company’s steady and sustainabledevelopment, it must undertake reform, especially to innovation and reform infinancial management.This paper takes the current financial management that many scholarsagree as the guidance and uses the corporate goals and value theory, corporatefinancial objectives and financial policy design, company financialmanagement method to conduct a systematic analysis on the production andmanagement situation of M coking company in order to clearly presentproblems and present situation in the production and management, theexistence of the opportunities and difficulties and the advantages and disadvantages of its own with.It points out the M coking Company’s currentfinancial management situation and financial problems,, and emphasizes theimportance of optimizing and reforming on the financial management systemcurrently. On this basis, combined with the national coking industry policyand the overall layout of the company, this paper expounds the financialmanagement, budget management, capital structure, system construction, taxmanagement, risk control and other aspects, and put forward the M cokingcompany next diligently direction and goals based on the sustainabledevelopment of enterprises.Based on the above analysis, combined with M coking company’s actualsituation, I proposed many measures to optimize the company’s financialmanagement system, such as to develop financial strategies, to strengthen costaccounting, standardize income distribution, use of a change in accountingpolicy, strengthen risk prevention awareness, optimize the capital structure,financial and environmental studies. At the same time, the author also putforward her views from measures in the improvement of the financialmanagement system of M coking company how to get security, mainly include:to strengthen the system construction, the establishment of special institutions,the coordination of the different units and departments, enhance therelationship between the financial personnel comprehensive quality, in orderto ensure the financial management system of the M coking company can beachieved according to the established objectives after the improvement.