Research On The Financial Management Improvement Of Oilfield Enterprises Based On The Value Chain

Robust and efficient financial operation mechanism relates to the survival and development of the enterprises,under the background of economic globalization and increasingly fierce competition in the market,the oilfield enterprises' competition becomes even more violent,financial management plays more and more important role in oilfield enterprises' management,For the oilfield enterprises,a set of perfect financial management system can help enterprises to allocate the enterprises' financial resources and other various economic resources,it is vitally significant to improve enterprises' economic benefits,to enhance enterprises' core competitive ability and to promote the enterprises' comprehensive value;At the same time,in order to make national industry stronger and superior and to improve international competitiveness of central enterprises in our country,state-owned assets supervision and administration makes demand on the central enterprises that "building a worldclass enterprise","building a world-class finance” in 2011.Under the dual background,it is very urgent to explore the oilfield enterprises' financial management improvement based on value chain to improve enterprises' value and improve the enterprises' economic benefit.Firstly,this article summarizes the idea of value chain and financial management,based on the analysis of present situation of oilfield enterprises' financial management and the existing main problems,putting up with the thought of the financial management improvement based on value chain in oilfield enterprises,on the basis of the description and analysis on the financial value chain of oilfield enterprises,proposing the basic framework of oilfield enterprises‘ financial management improvement based on value chain to be guided by the principle of the first value,win-win cooperation,systematic and value chain integration.Then,improving the financial management of oilfield enterprises based on value chain according to financial strategy's establishment,financial budget's formation,financial control's optimization,financial analysis' improvement and financial business evaluation mechanism's perfection.establish financial strategy through financial strategic alliances and restructuring of business process;prepare financial budget from the budgets of the external value chain alliance and the budgets of the internal value chain on the basis of analyzing the characteristics of the oilfield enterprises' financial budget;improve financial control through capital chain control and risk control;improve financial analysis from the vertical value chain,horizontal value chain and the internal value chain;Use EVA index to measure value creation ability of enterprises in the future,use BSC comprehensively evaluate performance of enterprises to build value evaluation and incentive system of enterprises.Finally,in order to ensure the smooth implementation of financial management improvement based on value chain,a series of security measures are put forward.