Study On The Financial Control Strategy Of GT Group

With the development of China's economy,more and more enterprises have embarked on the road of group development after years of rapid development and economic accumulation.Group development is to integrate existing resources,give full play to the advantages of scale,and seek the management path for long-term development of enterprises.According to the principal-agent theory,we can see that in the current development of enterprises,management rights and ownership are gradually separated,and group development has further exacerbated the separation of such management rights and ownership.In order to solve the conflict of interest and information asymmetry in the principal-agent relationship between the management of the group and its subsidiaries,it is necessary to conduct necessary monitoring of the subsidiaries.Financial control is a common means for the group to carry out control activities for its subordinate units.This paper screens the research enterprises from the scale,industry status,whether it is diversified,cross-regional,and the availability of data.It can reflect the common problems faced by China's enterprise groups to a certain extent,and finally determine the GT Group.As research target.Through the form of questionnaire survey to understand the current situation of GT Group financial management and control,it is found that the current GT Group financial management and control has problems such as unreasonable management and control mode,low efficiency of capital use,failure to implement the comprehensive budget effectively,and failure to play its due role in internal audit.The main causes of these problems are the current mismanagement of the control model,the low level of informatization,the unreasonable way of controlling funds,and the failure of the Group to pay attention to the role of the overall budget and internal audit.In order to effectively improve the current situation of financial management and control of GT Group,this paper believes that according to the current situation and future development strategy of GT Group,it is necessary to adopt a unified financial management and control model,and cooperate with an effective financial appointment system,.strong financial control,Efficient electronic information platform,comprehensive budget management combined with the assessment system,in addition to the supervision role of the internal audit department.This paper also estimates the effectiveness of the proposed optimization measures on the count of existing financial data.The results show that these optimization measures can indeed reduce the GT Group's capital costs and reduce the period expenses.In order to ensure the smooth implementation of optimization measures,GT Group has to make certain arrangements in terms of organizational system,financial team building and internal audit monitoring.There are two main innovations in this paper:(1)In view of the actual situation of the case group,the framework fully considers the company's actual needs and strategic needs to establish a proper management and control model framework,enriching the existing financial management and control theory research.(2)Proposed a practical solution and estimated the effect of the optimization measures,which provided new empirical data for the financial management practice research of China's group companies.