GY Company Financial Centralized Management Research

In recent years, with the transformation of government functions and China’s entry into the WTO, China’s telecommunications market is more and more open, national various preferential policies support the development of the telecom upside down, the WTO’s rules require telecoms policy of our country to be in line with international standards. More important along with the continuous deepening of the reform of China telecom, the main business and industry separation, fewer and fewer of the preferential policies granted by the state to the telecom enterprises will eventually cancelled. Telecom enterprises to survive and develop in the spring tide of market economy, we must change ideas, perfect mechanism, and constantly improve the technical level and management level, at the same time, must be closely linked to the pulse of the market, service market, develop the market, further enhance the comprehensive strength and core competitiveness of telecom enterprises. Therefore, financial centralized management as a means of corporate financial governance and mentioned the agenda, and gradually popularized.The author of GY company was founded in1998, China telecom, the company has21branches in the provincial cities.With the popularization of financial centralized management in the telecommunications industry, branches of the superior department requires professional company implementing the centralized financial management.GY company began the research of financial centralized management, plan formulation, commissioning, etc.Based on GY company as the research object, by the financial centralized management as the breakthrough point, on the basis of the theory of corporate governance and financial control theory, the analysis of the state of the company before the implementation of financial centralized management and implementation condition, after analysis and comparison, in-depth analysis on the financial centralized management need to be aware of the problems in the process of implementation, points out the problems existing in the current financial management, on the basis of other scholars research, combines the actual conditions of the company, then summarizes and induction, to study and put forward the countermeasures and Suggestions to strengthen the financial centralized management.First, introduced the GY company the main methods of implementing the centralized financial management, including:1. Adjusting mechanism, clear responsibility.(1) set up the budget management committee and the working group;(2) reform the financial sector Settings;(3) clear responsibility.2. Revising perfect rules and regulations.(1) unified accounting subjects and accounting system;(2) to modify the workflow;(3) establish a perfect rules and regulations.3. The financial centralized management work.(1) a comprehensive budget management;(2) the fund centralized management;(3) accounting centralized management;(4) asset centralized management;(5) centralized management accounting report;(6) centralized accounting files management;(7) centralized management of taxation.Second, before and after the implementation of financial centralized management of GY company situation has carried on the comparison and analysis, summed up the effect after the implementation of financial centralized management, mainly includes:1. Improve the service efficiency of funds, to realize the scale effect of financial management;2. The control of the business income of cash flow, monitoring the safety of revenue funds;3. Improve the ability of the internal control, guard against the financial risk;4. Benefit unified accounting, increases the comparability of data;5. The scientific performance evaluation, which is beneficial to strengthen the performance appraisal;6. Rational utilization of human resources, which is beneficial to reduce labor costs.At the same time, points out the problems existing in the process of the implementation of financial centralized management, mainly includes:1. The power is highly concentrated, influence the enthusiasm of the branch;2. Budgeting and extensive, enforcement is not strong;3. The performance appraisal is lax, influence the effectiveness of the management;4. The unreasonable personnel structure, affect work efficiency;5. Supporting reform implementation, influence the effect of financial centralized management;6. Certificate passed slowly, the impact of accountingFinally, in view of GY company in financial centralized management problems that exist in the process, the research put forward some Suggestions to strengthen the management of financial centralized:leadership attaches great importance to is the precondition of financial centralized management reform, the organization construction is the important guarantee of successful financial centralized management, strengthen the propaganda and the unified thought is important to the success of a financial centralized management to promote power, strengthening training is the inherent requirement of financial centralized management, pays special attention to the coordinated reform is the key to successful financial centralized management.