The Research Of Finance Centralized Management Control Of Large State-owned Construction Business Group

First, the purpose and meaning of studyThe core of enterprise management is financial management. The characteristics of enterprise group decided to focus control of the group’s financial controls in particular, the Group internal control and comprehensive risk management focus. Therefore, the enterprise groups, centralized financial management and control is a subject of great practical significance. The main purpose of this study and its significance:1. In the analysis of the general characteristics of enterprise groups, the group focused on control and financial control, based on the construction of large state-owned enterprise groups, for example, careful analysis and research focused on state-owned enterprises control a large group of financial problems.2. COSO Committee in 2004 the United States enacted the "Enterprise Risk Management - Integrated Framework" (referred to as ERM framework) as the basis, the Group parent company, subsidiaries of the member units of the financial focus on the main line of control to build a comprehensive applied to large state-owned enterprise group system of centralized financial control.3. The financial system and the establishment of centralized control will be conducive to strengthening the corporate financial management and control of the strategic direction, increase intra-group business activities of all members of synergies in improving business efficiency in risk prevention at the same time do a good job to ensure that state-owned enterprise group In the pursuit of profits, the impulse to expand its operations to maintain a cautious, in the interests of the temptation to weigh the advantages and disadvantages to maintain a Dan Ding, promote sound and rapid development of enterprises.Second, the main contentChapter 1 Introduction, the main topics of this article discusses the background, research purposes, research ideas and the main contribution of this paper is based on the topics of the determination of the status quo from state-owned enterprise groups, analysis and theoretical research needs in terms of these two state-owned enterprise Group Financial System of centralized control is of great practical significance and theoretical value; The main purpose of this study is to construct a well for large state-owned enterprise group focused on the financial control system; research ideas based on comprehensive risk management (ERM) eight elements of the basis of a concrete construction of large state-owned enterprise groups as an example to other members of the Group’s parent company, a subsidiary unit of the financial focus on the main line of control, according to from theory to reality, from the general to the particular logical relationship between the completion of Construction of the system; The main contribution of this paper is to construct a model applicable to large state-owned construction enterprises to focus the Group’s financial control system and made the effective management and risk management that integrates the risk of budget management model.Chapter 2 the theoretical basis and research the status quo, first of all a clear concept of enterprise groups and analysis of the characteristics of enterprise groups, for later in the financial management and control mode selection pave the way, logically, it maintained before and after the echo; second is to focus on enterprise financial management and control related to Theory and Practice Research conducted a literature review. This paper argues that the group management and control is the parent company in order to achieve its objectives with a communication-based contingency selection control models, and adopt appropriate control means, through the implementation of performance appraisal in order to stimulate a subsidiary of the parent company to promote its implementation intentions, which includes a number of control subject of control objects, control methods and a variety of management and control model, with a clear hierarchy of control.Chapter 3, financial management and control theoretical analysis, discussed in detail the meaning of financial management and control, model and options, set out on this basis, the financial focus on control of the content, objectives and principles. This paper argues that control is "the management of management"; financial management and control model can be divided into centralized model, decentralized model, a compromise model; centralized financial control is based on the investor’s ownership to the parent company of the subsidiary’s financial management and control as the core, development of enterprise groups to achieve the strategic objectives and overall value maximization, in a certain system, the use of a variety of financial instruments under the protection of the financial activities of the full range of management, guidance, regulation, control and supervision of management activities.Chapter 4 state-owned construction enterprise groups, the characteristics of, respectively, from the production, trade and property rights in three areas to analyze the construction of the specific characteristics of enterprise groups, the article from a general theoretical analysis into a specific industry analysis; through the analysis of how enterprise Group control and group financial control necessary. Dispersion of production, liquidity, poor market environment, disorderly competition in the industry, property rights, corporate governance structure and financial control mechanisms of the imperfect, enterprise survival and development pressures, have fully revealed the group’s control, especially control of Group Finance necessary. The socio-cultural, political background and the support of modern IT technology, but also makes the concentration of a modern enterprise group financial management and control become a reality.Chapter 5 Z Group profile, description and analysis of specific Z Group, the basic situation of the reform path, enterprise development strategies and major problems, Z company as large-scale, large number of member enterprises, the implementation of international strategic business areas of operations around the world The group, currently the Group in the organizational structure, group control, financial management deficiencies in both the sustained and healthy development of enterprises raised new challenges.Chapter 6 Z Group, the financial management and control system of construction, the focus of this article and the center, a detailed analysis of the existing situation and problems of financial control, targeted to put forward and built a suitable Z’s "12345 centralized financial management and control system ", and elaborated its specific contents. The system has five levels, including "a fundamental objective", "two control basis", "three kinds of control methods," "four control objects" and the "five guarantees", covering the advance, something in the various post-links and can affect the financial system of centralized control of many factors.Chapter 7 Summary and Outlook, First, through this construction of the large state-owned enterprise groups, centralized financial management and control systems related research reached the following conclusions:Enterprise Group Financial centralized management and control of the promotion of enterprise development strategies play an important role; to "Enterprise Risk Management Framework (ERM) "built based on the five-level system of centralized financial control is more comprehensive and meaningful; to financial risk management, budget management and comprehensive combination of risk management models can budget for the budget control and risk management roles at the same time be fully play. Second, this study shows the limitations and prospects, there is no compromise on the centralized focus on financial management and control model of type other than the financial management and control model built for too much discussion, the report failed to COSO Enterprise Management ERM framework with the example of all aspects of fully integrated.Third, Major contributions1. Against the large state-owned enterprise groups, the characteristics of construction, building a targeted system of centralized financial controlIn this paper, a comprehensive analysis of internal controls and overall risk management based on the results, standing on the perspective of enterprise groups in order to "Enterprise Risk Management Framework (ERM)" based on the eight elements, combined with state-owned construction enterprise group characteristics, designed to build a five-level applies to large state-owned construction enterprise groups based on the external environment within the enterprise continuous self-improvement "12345 centralized financial control system", specifically including "a fundamental objective", "two control basis" "three kinds of control methods," "four control object", "five guarantees","a fundamental goal" is to promote the development of enterprise groups to achieve strategic objectives; "two control based" refers to financial targets, the financial system; "three kinds of means of control" refers to the risk of budget management, inspection and audit, evaluation and assessment; "four types of control object" refers to the fund-raising activities, investment activities, capital operating activities and income distribution activities; "five guarantees" refers to the company governance, organizational structure, personnel, information and communication, corporate culture. It covers the impact of corporate financial management and control of most of the factors that focus on covering the advance, things in the various segments can be after the large state-owned construction enterprise groups, as well as other industries, or other ownership structure of the enterprise groups to provide a reference control, while is also a comprehensive internal control and risk management research and application in a useful supplement.2. Made the effective management and risk management that integrates the risk of budget management modelThis article financial risk management and overall budget management in the practical application of the combined and proposes that the effective management and risk management that integrates the risk of budget management model, through the use of financial risk indicators to the strategic goals and business objectives of the decomposition, so that enterprises in achieving business objectives, while the financial risk early warning and prevention, and management and all levels of the members of the Group units in the daily management, control and appraisal basis.