The work idea of a newly -appointed financial director & work list is too thorough!

For the heavy and heavy work, the newly -appointed financial officer often feels reluctant to be heavy, and I don't know where to start. The work list has certain guiding significance for the priority of the chief financial director.

This article will be introduced from the priority of work ideas and work lists. If your goal is the chief financial officer, this article may have a certain guiding significance to your new job, you must see the end.

01

Do your homework if you are new

1. Look

First retrieve various financial reports and financial reports in the head office, and basically understand the financial work of the group; and consult the group company's financial supervisor in some situations. When talking, there will always be gains.

2. Chat

Try to go to various branches as much as possible!

First chat with the financial supervisor below, then talk to the workshop and workshop supervisor, see the general manager and general manager, go to the warehouse and the library manager, etc.

Chatting is not a simple chat. Dong La west has always talked around the situation you want to know. Through chat, you can understand the many situations and problems of this enterprise, and you can also understand the ability level of the people you are talking about.

3. Check

View the library and the workshop, the focus is to view finance!

Financially is to view reports, check account processing, and view the financial management system. These are the key to adjusting financial work adjustment in the next step.

When you arrive at the Ministry of Finance, continue to talk and talk to any accountant. People with experience experience in audit work understand that in the internal audit work, good at chatting, can make the audit work take a lot of detours!

02

Two mistakes that are often committed

1. Radily

I just came up with the results as soon as I joined the job. In addition to the expectations of the boss, we hope that we will achieve faster results. Such an external environment disrupted our rhythm. The result.

At this time, I do n’t understand the situation at this time, I do n’t know which one is coordinated, which is coordinated, etc. In fact, it is very taboo to make big changes without understanding the new company, and it is difficult to truly change it!

But it is understood that if you want to stand firm in the company, you will not only have the score: the line:

Our method of working should first cooperate with the boss on a horizontal line, so the new way is not to deal with the difficult and difficult work of the company immediately. Running into the right track!

Do not take the mentality of eagerness to solve the problem, otherwise you will fall into the strange circle of anxiety ~

2. I don't know clearly these three things

1) How do companies make money? How to spend money? How about cash flow?

2) Understand people (high -level, middle level, their own departments, other departments)

3) What is your boss used your thoughts? What is the most urgent problem?

03

The work list of the newly appointed financial director

The most important work of the new director of financial director is to establish and improve the cash prediction system, which requires the chief financial officer to master the wide and profound knowledge of account payable, accounts receivable, debt repayment, signing contracts, capital costs and other fields.

Cash is the basis for the survival of the enterprise. The newly -appointed financial director must closely control the status of the corporate cash and use it as a prerequisite for other jobs.

The follow -up work is to review all current contracts. The chief financial officer should review the contract in person to verify whether there is a legal liability clause in the contract that is not conducive to the enterprise, or whether the contract terms have a significant adverse effect on the profit margin of the enterprise.

The next job is to establish an evaluation system. The chief financial officer can use the evaluation system to understand the possible problems in the operation process, and adjust the future work arrangements accordingly.

Comprehensively review the work capacity, work arrangement, training requirements of the working group under the leadership of the financial director--

01 cash prediction

In the absence of funds, any other job is meaningless. Therefore, the chief financial officer should predict the cash status of the enterprise as soon as possible. In the early days of taking office, the cash prediction results should be inspected every week. In order to improve the accuracy of cash prediction, the cash prediction model should be constantly amended.

02 Daily reconciliation with the bank

If the balance data of the bank is inaccurate, the cash prediction cannot be accurate. Therefore, it is necessary to establish a network information channel for obtaining daily bank balances to ensure daily return work between enterprises and banks.

03 Accounts payable

Review the debt arrangements in person, verify the expiration date of the debt, the addition of interest rates, and the clause. This will effectively avoid accidents involving the cash prediction system.

04 Accounts receivable

Together with the account collection team, review all current account receivables. Even if there is no account balance in the current period, the credit status of the main customers will be reviewed. Accounts receivable have an important impact on cash flow in cash prediction.

05 Examine debt arrangement

Not only must you review all current account payments, but also with the accounting team to review the company's arrears of the annual arrears of each creditors. Understanding the nature, amount, and time arrangement of each account should help improve the accuracy of cash prediction.

06 Examination capital expenditure

The last project that prepares a cash budget is capital expenditure, because this is a typical non -continuous expenditure, so it is arranged in the last item of the cash budget. The chief financial officer should realize that such expenditures are unable to be deferred and important short -term projects, and transferred potentially to future operations. 07 review contract

The chief financial officer and legal consultant shall check the copy of all current contracts to ensure that there is no inaccurate or affordable in the contract, such as liabilities or litigation. In many cases, there are or events, and it is worthy of paying attention to the chief financial officer in the early days of his term.

08 Establish evaluation standards

Establish internal evaluation standards based on the monthly trend curve, and measure the business performance of enterprises in various aspects. The evaluation items should include: accounts receivable, account payable, inventory, total receipts, marginal profits, balance of profit and loss, and relevant evaluation items required by loan clauses. The actual evaluation items adopted by the enterprise depend on the nature of each industry. The evaluation results enable the chief financial officer to understand the business situation of the enterprise.

09 Production Sales Report

The chief financial officer must understand the expected sales of the month and the changes in inventory. The information should be included in the weekly sales report so that the chief financial officer and management should be checked in time.

10 Formulate temporary reports

In the temporary report, the staged sales results should be recorded, and the overall expectations of the annual sales of the financial year should be recorded. Temporary reports are a type of sales report that should be formulated regularly every week and submitted to the chief financial officer and management. After completing the above 10 tasks, the chief financial officer has been able to master the company's approximate situation of the company's cash flow, contract issues, and short -term financial results.

11 Understand the situation of employees

After discussing the short -term business issues, we followed the company's main long -term asset -corporate employees. The work of the chief financial officer includes: directly or indirectly understanding employee resumes, face -to -face conversations with employees, and discussions. Through the above form, the chief financial officer can clearly understand the ability, aspirations, training requirements, and personal defects of each employee.

12 Examine the work efficiency of each department

Establish a report mechanism responsible for the chief financial officer, and find out the business links that need to be improved most efficiently. Based on the initial understanding of the situation of employees, formulate a gradual efficiency improvement plan and implement it.

13 Formulate training plan

Based on the understanding of employee conditions and departmental efficiency improvement plans, the training plan for each employee, so that the personnel settings of each position are in line with the overall strategic arrangement of the chief financial officer, and improve the work efficiency of various departments.

14 work authorization

According to the information provided by the above three tasks, the chief financial officer should consider authorizing some responsibilities to their subordinates, and free up the time to complete the work with lower priority. If there is no appropriate candidate to accept authorization, you can consider replacing relevant personnel to improve the overall quality of employees. After authorizing the management of basic employees to subordinates, the chief financial officer can transfer more energy to risk recognition and risk avoidance work.

15 Review Audit Group Management Suggestions

The external audit team issued a written report to the enterprise management, which shows the audit projects and existing problems to be improved. This is the best way to collect information to collect information about the potential operation of the company's potential operation.

16 Internal Audit Report

The internal audit report is similar to the management proposal issued by the external audit team, which can provide relevant information about risk operation. Many companies do not have internal audit teams, and even if they are only responsible for auditing in a small area, if the chief financial officer can get internal audit reports, it should be read carefully.

17 Examine internal control status

Based on management suggestions and internal audit reports, the chief financial officer should conduct a comprehensive understanding of the financial control status and inspect the main accounting processing and financing process. This helps the chief financial officer to identify and resolve internal control defects.

18 review insurance contract

The chief financial officer shall require legal consultants to review all valid insurance contracts, evaluate the requirements of additional insurance or debt liability. The chief financial officer may not be competent in this professional field, so it is necessary to hire an expert to assist. According to the relevant report issued by experts, the chief financial officer should adjust the insurance arrangements of the enterprise.

19 Examine other risks

The chief financial officer should talk to other departments managers, evaluate other risks faced by the enterprise, and formulate corresponding order of risk management decisions and implementation order. Next, the chief financial officer can be committed to the creation of the risk report system.

20 review financial statements

If the enterprise is a listed company, then the chief financial officer should adjust the financial statements according to the written requirements of the Enterprise Trading Commission's corporate financial statements. This work can be entrusted to a subordinate or external audit team that can be competent.

21 Review Management Report

At this point, the chief financial officer has a sufficient preliminary understanding of enterprise operations, and can determine whether the management report jointly issued by the accounting department and the financial department has provided effective information for the enterprise. Generally, it is necessary to comprehensively carry out a comprehensive substantial innovation of the existing report system.

22 Examine computer system request

The management report should reveal the relevant defects in the computer system, such as limited data storage space or unable to automatically collect various important information. If necessary, this is a favorable opportunity for the chief financial officer's evaluation system to start long -term innovation.

23 Audit cost

The chief financial officer can conduct collective meetings or individual talks with employees and most departmental managers of the accounting department, to find out the source and cost source of the profit statement, and formulate corresponding short -term and long -term cost reduction plans.

24 Audit financing policy

The profit formation of the enterprise and the financing department of the financing department are closely linked to the relevant policies of credit exhibition, investment selection and tax issues. The chief financial officer should determine the feasibility of financing policies in various fields with relevant departments, such as discussing credit policies with sales managers.

25 Preparation budget

If the chief financial officer takes office in the middle period of the standard budget, the priority of preparation of budget should be increased. In the process of budget preparation, the impact of the budget should be reviewed on the formulation and implementation of the budgets in previous years, and the impact of the budget on the management remuneration plan should be reviewed so that the chief financial officer can make a judgment on the time arrangement and number of the time demand for funds in the coming year.

26 Seeing Credit

At the beginning of the financial director, if the company is facing a substantial dilemma, the priority of the work will be improved. The chief financial officer developed the creditors of the enterprise in the formulation of financing budgets to determine whether they can meet the financing needs of the enterprise.

27 Meet the investment banker

The budget must not only meet the debt requirements of the enterprise, but also meet the expansion requirements of corporate equity capital. The chief financial officer can understand the status quo of the equity market with the assistance of the investment banker and determine the cost of equity financing.

28 Examine inventory status

If inventory is the main asset of the enterprise, then the chief financial officer must spend a lot of time doing the following: review the storage status of inventory, understand the distribution of the place where the inventory is located, understand the storage period of inventory, and calculate the difference between the market value of the inventory and the book value. The above work is essential, because the value of inventory is often overestimated, and the lack of attention to inventory will lead to serious defects in the performance report.

29 Examine document retaining system

The lowest priority work is to review the retention system of documentation. The chief financial officer often ignores this work, but in fact, unreasonable archives will lead to severe paper leakage in the audit process and may be fined by relevant government departments. Although the work priority is the lowest, it still deserves some attention of the chief financial officer.

The above -mentioned work priority list does not mean that once a job is completed, it does not need to be executed again. Instead, new problems will occur in the process of completing a certain work. In order to solve new problems, the corresponding working procedures must be performed.

In addition, any system that occurs when the phenomenon of delays occurs repeatedly to ensure the normal operation of the enterprise. In short, the newly -appointed financial officer will find that some of the work in the list will be repeatedly executed.

Source: Caijia Education

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