| Application of refined business units in financial management is still in a relatively new field. This paper makes a complicated research and study on the refined business accounting units mode and results brought about by the Capital Airport Finance Co., Ltd(hereinafter referred to as "CAFC"). As the center of clearing service, financial management and financing service separately within the group of it serves, CAFC has to control cost of funds and enhance the profitability of funds to forge its sustainable motive power. A refined management is the future trend of financial management. By setting up segmentation of business unites, refinement accounting, budget control, financial analysis and other multi-dimensional approaches, CAFC creates a refined accounting unites management mode which takes meticulous management as its core operation. Meanwhile, CAFC carries out refined business accounting units into practice, makes study on the profitability of each business mode, explores the important factors affecting the profitability, and conducts a reasonable prediction, all of which lead to a more handy control over revenues and costs.In this paper, the author uses literature survey, practice research, trend and factor analysis to study the topics. On the basis of a thoroughly research of domestic and overseas profiles, combined with her personal working experience in CAFC and three years of business data, the author makes the following conclusion-------- Firstly, the precondition of refining business accounting unites is to subsidize business unites. CAFC carries out its refined accounting by taking self-employment loans, inter-bank deposits and attracting deposits as minimized business units. Secondly, the basis of refining business accounting unites is the confirmation of affecting factors. Taking the “scale, interest rates and construction” of the funds as three major factors of every business unit, CAFC explores impacts and the extent of generated by the changes of three factors. Thirdly, the result of refined business accounting unites is the construction of analysis mode. With a complex consideration of market environment, policy changes, group policies and other factors, this mode is finally forged on the completion of 2014 budget, the comparison to the last year, the whole year trend and an analysis on the trend of the latest three years. Finally, the purpose of refining business accounting unites is presenting reasonable suggestions. According to the analysis results, comments and suggestions on the allocation of funds for each business mode and business development direction are given to the managerial for further decision-making.There are some obstacles blocking on the innovation road of financial management. The author reflects on this and proposes appropriate supporting measures, including increasing the professionalism of financial personnel, conducting scientific staff allocation, improving the overall refinement of management philosophy, strengthening enforcement of refined business accounting units, establishing a comprehensive budget evaluation system, continuing to focus on the interest rate market process and accelerating the pace of information integration.Application of refined business accounting unites into practice enables CAFC to precisely control over its profitability and reasonably predict on its developing trend. During the process of financial innovation centered on the refined management, recommendations are presented for management decision making on the basis of detailed analysis of business accounting, which transfers financial management from a results-oriented guide to a guidance-oriented one. Conducting refined business accounting units will be in favor of CAFC a tighten control over various business lines, will enhance the financial management decision supporting capabilities, will help to improve the efficiency of corporate financial management, and the core competitiveness of enterprises. |
PDF Full Text Request