Western finance is mainly composed of three areas, namely, corporate finance, investment and macro finance. Among them, corporate finance is often translated as "corporate finance" or "enterprise financial management" in China.
Enterprise financial management is a comprehensive management of decision-making, planning and control of enterprise capital movement through value form.
Finance, unlike other departments, cannot create any value by itself. However, enterprise financial management is actually a hidden management department because it directly provides first-hand information to management.
At work, have you ever encountered the following situations:
When the financial department uses the annual budget to assess the expenses of departments at all levels, it is unreasonable to face the rebuttal of the overspending department: our sales scale has changed greatly, and your financial department still uses the data determined six months ago to assess. Is finance very helpless?
At the monthly business report meeting, the general manager was confused by a lot of original data in the face of endless presentation reports from various departments: where should I start with so many questions? If only someone could help me sort things out!
When the finance department raises an objection to the audited contract or process, the business department often complains: Your finance department knows how to manage this and that, if you manage it again, the business will be under your control. If you dare, your finance department can give some constructive suggestions!
Or, because the financial department has been doing nothing, the business department has never let finance participate in the process of structured transactions, and the financial department only found that the company suffered losses (such as paying unnecessary tariffs). ) when summing up the results, it is also recognized by the finance department.
There must be many similar puzzles and problems, which are directly related to the positioning and value contribution of the financial department.