財(cái)務(wù)管理系統(tǒng)外文翻譯-wenkub
2022-12-28 17:59:43 本頁(yè)面
【正文】 ppropriate targets and control requirements: ? revenue centre staff only have responsibility for ine (eg a sales department in a store). Staff have sales targets against which ine is measured and pared。 ? potential suppliers may require them。 the human aspect of control is, therefore, important. Why keep records? Accurate record keeping is required if you are to be effective in monitoring performance against budget. Other reasons why you will need to keep accurate records are: ? there is a legal obligation to do so。 and to ensure that you can collect money owed to you and can pay your bills as they fall due. Its objectives are: ? to demonstrate how effective financial control assists in the management of the anisation in which you work。 廣西工學(xué)院 畢業(yè)論文 外文翻譯 院 別 財(cái)經(jīng)學(xué)院 專 業(yè) 財(cái)務(wù)管理 班 級(jí) 財(cái)務(wù) 083 班 學(xué) 號(hào) 202100706093 姓 名 王曉婷 指導(dǎo)教師 甘 平 2021 年 4 月 13 日 A Financial Control System that Focuses on Improvement and Success Of course, we are not saying that businesses should ignore prudent controls over their cash drawer. The point is that focusing on small ponents while not knowing how much cash is tied up in receivables does not represent a control system that recognizes priorities and risk. Focusing solely on the rote and mundane does little to improve your overall financial performance. Financial control systems shouldn’t just be about pliance, they should be about continually improving key aspects of the financial operation such as: ? Regularly reviewing and improving the overall capital structure. ? Using a capital plan to minimize the cost of capital while strengthening the Debt/Equity position. ? Managing working capital so excessive inventories and receivables do not sap financial resources. ? Ensuring proper calculations and scenarios are explored while making debt/investment or leasing decisions. ? Maximizing returns while minimizing costs for cash and merchant accounts. A control system of welldefined processes is not only about control or pliance, it is also about consistently striving to do a little better. Control systems that are designed only to achieve pliance are doing the bare minimum, and they represent a missed opportunity to gain improvement and a petitive edge. And that should be enough reason for any size and type of pany to think about using a continual improving process approach to creating a financial internal control system. Sox is nice。 ? to show that control can be achieved through simple documentation。 ? any shareholders may want accounts。 ? you will need to report accurate figures to your stakeholders。 ? cost centre staff have responsibility for keeping costs within set targets, but do not have to worry about where the money es from (eg an NHS Trust department)。 and, ? investment centre the staff have authority over investments and the use of assets (eg a subsidiary pany) although the holding pany would typically need to approve major investment. Targets would focus on return on capital and control would be through monitoring performance measured by the plete accounts. 2 Management Information Systems If your financial control is to be effective you need to regularly
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