Research On Fund Management Under Changhong Group's Financial Sharing Model

With the development of economic globalization and modernization of information technology,the development of enterprises has also formed a diversified and large-scale development trend.More and more enterprises carry out development strategy all over the world and set up branches and subsidiaries all over the world.However,the cross-regional management formed by this global expansion strategy has brought many difficulties to enterprises,especially in the aspect of enterprise capital management.First of all,the head office of the group can not obtain the financial situation of the subsidiaries in time,and the capital,as the "blood" of the enterprise,cannot be mastered in time.At this time,if there is no one in the enterprise to be able to do so at home.Even the world can provide strategic and risk control of the financial system,financial risk will not be well controlled.In addition,the decentralized management formed by cross-region brings high management cost and low management efficiency to enterprises.Although most domestic enterprises have already made use of information technology,even if they use accounting information system to liberate manpower,the accounting information system pays attention to fund accounting and neglects supervision,so it can only improve the efficiency from the angle of accounting demand.To this end,some large-scale groups have begun to establish financial sharing centers,so that the financial management model of enterprises from the accounting type to strategic and business-oriented,to achieve financial financing The release of source improves the problems caused by too long business chain and vertical management mode,and forms an efficient and high-quality financial management,which also greatly changes the way of enterprise capital management.Changhong Group,as a leading enterprise in home appliance industry,has set up a financial sharing center earlier,but there are still some deficiencies in fund management.How to combine the centralized fund management with the financial sharing center is still to be explored.The purpose of this paper is to study the fund management of the group which has established a financial sharing center in order to help the group avoid the problems of low efficiency and cost increase caused by cross-regional business.Through the introduction of financial sharing center,capital management and other basic theories,this paper analyzes the fund management status and existing problems of the group enterprises which set up the financial sharing center in an all-round way.In view of this,this paper introduces Changhong Group as a case,deeply explores the results of financial management of Changhong Group Financial sharing Center.