1、1985 单词 ,3500 汉字 出处： Source: Lough, The Companys Financial Management, Harvard business magazine. 2007 (6) : P 199-214. 原文 ： The company funds management Money is a company engaged in the economic activities of the basic elements, the company is developing the necessary elements. Money is a company
2、engaged in the economic activities of the basic elements, the company is developing the necessary elements. The companys finances both showed that company of resource allocation, quantity and quality, and also reflects the companys capital structure and property right relations. Companys production
3、and management, financing investment and profit distribution are based on capital as the link, from start to finish, throughout the whole process of company business activities. Fund flow index has become the company credit evaluation and development potential, value evaluation is an important index
4、, in some places, Banks have started the company cash flow situation as whether to give the company to provide credit is an important basis, some even to the companys future cash flow as reimbursement guarantees. Thus, strengthen financial management, improving capital operation benefit is the compa
5、ny in competition invincible and keep sustainable development important guarantee. How to strengthen the cash management? From the following three aspects: First, the comprehensive budget management The budget is a kind of control mechanism and institutionalized procedures and implementing the centr
6、alized fund management is the effective guarantee, company production and operating activities orderly, is the important guarantee of the company shall supervise and control, audit, examine the basic basis. The company is the comprehensive budget management in the production and business operation e
7、ach link implementation budget preparation, analysis, evaluation, the company production and operating activities of all the capital expenditures are subject to strict budget management in. The companys budget should with assets as a link, practises graded budget, the parent company should lay parti
8、cular emphasis on improve investment, finance the budget to capital management budget is given priority to, the unified planning fund executes, centralized management, Subsidiary criterion with production management budget and reinforce the cost and flow of fund budget. The companys budget once dete
9、rmined, must become company organization of production and operating activities legal basis, do not get optional change. And the company capital budget is the core of company overall budget, including annual and monthly budget. The annual budget is calculate inside year company inflows and outflows
10、scale. According to the scale of the company may determine the financing and investment policy. And monthly budget is more close to reality, can accurately reflect the monthly cash flow, accordingly can also specific adjustment, financing and investment plan. Additional funds in accordance with the
11、purposes, still can commit divided into the following three aspects: the budget of budget: 1、 and operating activities cash flow budget: mainly includes business income and operating expenditures budget. Business income is that a company selling products, providing labor services and rent assets obt
12、ained cash inflow, annual operating revenue reflects the annual company to receive the capital size. Is the companys various expenditures budget guarantee. Monthly income budget is able to reflect relatively clear capital inflows roughly time for the companys capital operation and provide a relative
13、ly accurate basis； Operating expenditures budget consists of company business activities all capital expenditures budget, and the difference of income is mirrorring company in investment can provide the self-capital scale, the company is investment, financing policies selected, and the important bas
14、is of monthly operating expenditure budget and the difference of income criterion can accurately provide companys financing and investment plan basis, increase the companys capital operation efficiency, reduce the financial expenses. 2、 the investment activities of cash flow budget: company in order
15、 to obtain more profits, expand the size of the company must conduct effective investment. It is divided into two kinds: it is a long-term investment, must use NPV etc to judge the feasibility of investment projects, belong to investment return period long capital expenditures, but also increase the
16、 company development potential of powerful guarantees, long-term investment funds life are longer, capital using forehead is larger also, therefore, ask according to the annual self-owned financing volume and low cost of financing to determine the annual investment capital expenditures budget. 2 it
17、is short-term investments, which emphasizes the short-term cash liquidity, is a kind of long-term scale established under the situation of short-term assets stock returns problem, it is to point to in no selected effectie long-term investment plan, choose low-risk, high benefit of investment decisio
18、ns, the companys stock fund revitalize the rise, obtain better income. 3、 and financing activities cash flow budget: financing budget refers to the chosen optimization of investment projects, remove self-owned funds, choose low financing solutions financing budget. And effective finance policy also
19、requires from internal maturity structure of debt capital fund management up strengthen the company level. It stressed form long-term assets and long-term liabilities, current assets and liabilities correspondence between the structure of financing strategy and correlation. Second, strengthen centra
20、lized management of funds Centralized fund accounting is financial companies as the carrier of the centralized fund management mode, the groups parent company with subordinates centralized fund management company independent management group, the combination of fund settlement and financial subordin
21、ate unit company financial function combination, capital effectively balance and the optimization of capital structure combination, nbre goals and process management combination, foreign efficient utilization and risk management, capital of combining information management and business process reengineering combination. This fund management mode can be four reunification to describe, namely:
