Research On Financial Management And Control Of H Publishing And Media Group

With the fast development and the implementation of diversification strategy in HPublishing and Media Group, the common problems such as the loose management and control in publishing group have become the bottleneck limiting the further development. The establishment of a perfect financial management and control system has been the important subject for H Group to promote the synergies and the realization of group strategy. This paper establishes the financial management and control system for the H group on the basis of theoretical explanation and status analysis, and proposes the implementing countermeasures.This paper combs the related documents to definite the concept and connotation of group financial management and control, elaborates the theoretical basis of financial management and control including principal-agent theory, financial control of proprietor theory and coordination theory, and analyzes the advantages and disadvantages of three types of traditional financial management and control theoretical basis including centralization,dividing power, and centralization and dividing power union. This paper analyzes the status of financial management and control in H Publishing and Media Group from the fund management, budget management, accounting, financial information, financial personnel and internal audit, and summarizes the problems. Then, it is analyzed that the motivation of group financial management and control, and construction principle and thoughts of financial management and control system. The financial management and control type of centralization with proper dividing power is put forward, and based on which, the group financial management and control system is established. The keys of the system includes three contents,two ways and a security, so it is called ‘321’ group financial management and control system.The three contents include centralized funds management, comprehensive budget management and centralized accounting, the two ways refer to financial information system and financial personnel control, and the internal auditing control is the security. This paper proposes the specific countermeasures for the implement of ‘321’group financial management and control system including strengthening centralized funds management, establishing comprehensive budget management system, perfecting centralized accounting, optimizingfinancial information system, and increasing internal audit control.