Study On The Overseas Centralized Financial Management Issues Of M Company

With international competition,to improve the quality of accounting information,to strengthen financial management,to establish overseas financial regulation has been becoming an inevitable requirement of a multinational company for surviving and development.With the aid of modern network communication technology,financial centralized management establishes financial information sharing mechanism between the group and member units,and realizes centralized monitoring from the strategic and integration of financial internal resources.Not only beneficial to the maximum advantage of enterprise group financial resources of the whole composite and implementation of the strategic objectives is it,but also conducive to prevent decision-making risk and improve operational efficiency.After many years of development,M Petroleum Engineering Company developed its market areas in more than a dozen countries and regions,such as Saudi Arabia,Kuwait,Turkey and so on.The company mainly provides drilling,well logging,mud logging,well cementation and other professional petroleum engineering technical services for many international oil developers.For the large international oil companies with a rapid development overseas business,to establish and perfect a suitable financial centralized management system for overseas business operations,to strengthen the overall control of the overseas business,and to realize the company's overall development strategy,to maintain international competitiveness is of great significance.According to the above background,on the basis of domestic and foreign financial centralized management study,referring to the basic theories of centralization and decentralization,corporate governance and financial control,issues of M Petroleum Engineering Co.are analyzed.Under the condition,the paper researches on improving the financial management methods to carry on financial centralized management in its overseas projects.To enhance the financial quality,we need to try to put forward concrete measures and methods from financial personnel,capital operation,accounting,budget management and so on.Financial centralized management mitigation measures are suggested from the decision-making level,public opinion guide level and information platform level.This thesis not only provides a reference in enhancing M Petroleum Engineering Co.financial centralized management,but also demonstrates some reference for the other similar companies to perfect their financial management process.