Research On Financial Controlling Of Audi Project FAW-Volkswagen Automobile Co.,Ltd

In order to sustainable development, the enterprise needs to update his productsconstantly. The update is more important for the automobile industry. With theexplosive growth of the car industry, the major car manufacturers, on the one hand,expand their product line quickly. On the other hand, they speed to update theirproducts. So they can survive even catch an optimal position in the competition. Andhow to strengthen project financial control, how to make project to be on thecontrollable direction, is a question which the companies need to solve.Project financial controlling is based on the theory of financial management. Toachieve the financial targets of project,company needs to purchase assets(investment), capital financing (financing) and production factors allocation(operation), so as to realize the project beforehand, the project, after the financial andeconomic indicators control.To constantly optimize the project financial results andto ensure that the financial index can run in control.In face of fierce market competition and variant advanced management theoriesand methods, enterprises often feel difficult to start with their management. While theproject financial controlling itself can be imitated but cannot be copied, any theoryhas its age and culture background, project finance controlling has no exception.Therefore, in order to get the ideal effect, when enterprises must absorb the idea ofproject financial controlling to guide practice, must research in the theory use itflexible and localize it according to the characters of enterprise. Project financial controlling plays an important role in projectmanagement.Firstly it is the guardian of the project economy, all behaviors arerestricted by projects economic, it represents the fundamental interests of thecompany, and it plays a vital role in project management.Project financial controlling is parallel to the professional work of the otherdepartments. After collecting information about potential profit and cost, it outputsthe valuation result after calculate the project behavior effect.Then give the decisionsuggestions to project team. It can provide a series of result with quantified index. Wecan say, Project financial controlling department is the consulting for project decisionmakers.This article is to introduce the work of Audi project financial controlling inFAW-Volkswagen co., LTD., study its advanced operation, and dig its deficiencies.So as to give a series of maneuverable project financial controlling guidance to thereaders. So they can improve project financial controlling ability. In order to makereaders to better understand operation process practical in FAW-Volkswagen auto co.,LTD., this article introduce Model-A project as a project case. The whole process ofproject financial controlling of FAW-Volkswagen co., LTD., introduced in detail.Project financial controlling is complicated system engineering. The automotiveindustry abroad, has already paid attention to project financial control, and hasenforced it strictly. But the project financial controlling in most of the domestic autoproducers are still performed in the form and not enough in the practice until today.There is no systematic research on practice; I hope that this article can providereaders a reference to the research of project financial controlling.