A Brief Introduction To Financial Management Tips

Good communication skills must be provided by financial managers, thereby affecting decision-making.

How much measurement can be done in order to do much work, accurately locate the service consciousness of the financial department, learn how to think about it, and from the business point of view, combined with the financial system standard, establish effective communication mechanism to help other departments do a good job.

In addition, good communication skills can help financial managers better explain their own financial analysis ideas, so that management can hear voices from the financial sector.

Finally, it is very important for financial managers, but it is easy to be ignored, that is, "understanding business".

This is a very valuable skill. Only by understanding the business and understanding the factors that promote the performance of the enterprise, can we provide a far sighted suggestion for the future of the enterprise. It should be "inside, beyond", and the financial manager who does not really know the business can not be a good helper of the enterprise CEO, and it does not improve its value and status.

1, we should calculate the critical points of all important subjects or ratios.

Such as current ratio, quick ratio, asset profitability, inventory turnover and accounts receivable turnover.

Of course, from our professional point of view, there are five main categories: debt paying ability, operating capacity ratio, development capability ratio, profitability ratio and social responsibility ratio.

2, focus on helping employers to interpret important financial information. Many bosses do not understand financial matters, or do not understand them very well.

If the financial officer only delivers the original financial statements to the boss, the boss does not understand and is embarrassed to say that he will be scared out of heart by those reports.

Therefore, financial personnel should take the initiative to do information interpretation work well, and clearly indicate the meaning of these data with different colors on the edge of some important data, and do well in the report analysis and explanation which is easy to understand.

3, financial personnel should take the initiative to ask the boss to participate in the company's marketing meeting.

A common problem at present is that financial personnel do not understand business and business people do not understand finance.

When the company meets, the financial personnel are not present, which leads the company leaders to think that the company is rich when they are making decisions. Actually, they have no money and think that the project is OK.

How to solve this problem, it is a good solution to invite financial personnel to participate in the company's marketing meetings and major conferences.

Only when participating in the marketing meeting can we know where the funds are used, and then know what the company's development goal is, so that we can know what the company will do in the next two or three years. Only then can we know whether the future is not short of money, then we know whether we need to turn the bank to the bank to know how the company develops diversified.

Only know how to better establish the concept of big finance, instead of staying in the accounting room all the time to repeat the same work.

That is to distinguish different important information from different colors.

For example, the most important and urgent thing to use red is to use green to express the most urgent but secondary importance.

Generally speaking, the most serious financial crises of a company are as follows:

Number one: cash shortage

Second: too many accounts receivable have not been collected.

Third place: too many inventories are not sold.

Fourth place: the company bought too many houses and land and occupied a lot of money.

Fifth: all loans to banks are short-term loans.