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It Is Very Important To Set Up A Lean Financial Team.

2010/12/8 11:55:00 117

Financial Team Accounting

At present, local enterprises generally have uneven quality of financial personnel. Graduates from professional financial institutions also need a longer training process because of the great gap between their knowledge and practice.

Therefore, even the relatively excellent local enterprises often have some "low end" problems in the financial field.


A piece we found by hand.

list

The company's deadline for rectification notice, for example, issued by the Guangzhou Securities Regulatory Commission of the China Securities Regulatory Commission in January 22, 2003, issued a notice on the deadline for rectification of TCL communication equipment Limited by Share Ltd (Guangzhou Securities Regulatory Commission [2003]24), ordered TCL communications to rectify the deadline for the 2000 annual accounting statements, and according to this notice, TCL communication had six problems: improper accounting treatment, inadequate accounting estimation, imperfect internal control mechanism, runaway management of subordinate companies, timely and untimely financial information pmission, and weak foundation.


Solve the "low end" problem, even the most professional background.

CFO

There is only one option to build a lean financial team.


Three months ago, when we visited CharlesTilley, executive director of the Chartered Institute of Management Accountants (CIMA) in London, we asked, "why can we often see a non financial background executive who is the news of CFO of large European and American enterprises?" the answer of CharlesTilley is very simple: "as the top management member of CFO, the primary task of CFO is definitely not to directly handle specific department businesses. The most basic ability of a manager is to set up a team that can achieve their goals."


Lenovo Group CFO Ma Xuezheng is a typical case of "leading experts in the field". Learning from British and American literature, she has a successful logic of her own CFO, "the first is learning, and the second is to rely on the team."

To this day, I am not really doing financial work. I am working as a director of human resources, and how to give play to the expertise of other colleagues, so that they can give full play to the company's greatest loyalty and give full play to the loyalty of law-abiding.

How much do you understand? Do you know accounting? Do you know treasurers? Do you know treasurers? Do you understand foreign exchange hedging? Do you know foreign exchange hedging? Do you know tax? You can't understand everything, but you can't understand everything, but these are all functions of CFO. You have to organize individual professionals to complete.

So making biscuits can make PC, making soda water can do PC, I believe I can do CFO. too.


Now there is a popular course in the domestic training industry called "non financial manager".

Finance

Management "is used to enhance the ability of non-financial executives to read financial statements and analyze financial problems.

However, the corresponding "financial managers' non financial management" courses are undeveloped and taught. How to select and retain talents, how to communicate with business departments and investors, legal knowledge, information technology knowledge, presentation skills, marketing strategies and so on depend entirely on their own exploration and summary.

In this case, the CFO that can succeed is even more rare.


"You may not believe it. After I joined the dragon, the original financial team was replaced by me in five months.

The reason is very simple, that is, they are simply not competent for my job requirements.

Chen Jing was very emotional about this story. "Of course, the whole replacement process is also a step by step.

Our reorganized financial team does not mean that we can dig the concept of able people with high salaries. At that time, eLong was also the most difficult stage. Frankly speaking, the labor cost of the newly formed financial team was still lower than that of the original team, and some of them were still inexperienced graduates.

In fact, what I value most is not experience, but savvy.

Take a senior financial manager of ours now, she did not actually work in finance after graduate school, but I gradually let her start from ordinary accounting and gradually increase her responsibilities, and always do today.

Facts have proved that she is a very good financial manager.

So, to build a lean financial team is not to say that you need to go to four or foreign companies to dig out a few ready-made experts. If you want to shape this team, it is the most important thing. After all, each company's business characteristics and corporate culture are different, and the best one for you is the best.


American scholar MarshallGoldsmith once concluded that the seven steps for managers to manage human assets can be used for reference to local CFO: "identify employees you want to retain; let them know that you want to retain them; acknowledge their performance; provide opportunities for development and participation; reform material incentives; create a relaxed atmosphere; provide opportunities for Entrepreneurship (internal new business split is also seen as an undertaking").

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