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Paper代写:Corporate financing management

2018-07-31 16:43:40 | 日記
本篇paper代写- Corporate financing management讨论了企业融资管理。企业融资管理,就是在满足企业资金需求的前提下,为实现融入资金的成本与风险的双重控制,企业通过风险分析选定可行的融资战略和选择相适应的融资模式,从而建立更有弹性的资本结构。在企业融资的时候,要注重融资结构的合理选择,有效地降低资金成本,提高所有者权益资金利润率,促使企业价值最大化,实现企业财务管理的最优目标。本篇paper代写由51due代写平台整理,供大家参考阅读。

With the implementation of accounting standards for new enterprises, new requirements have been put forward for enterprise financing management. This paper discusses how to strengthen enterprise financing management under the accounting standards for new enterprises. Firstly, the role of enterprise financing management is expounded. Secondly, special audit investigation is carried out from the financing platform determined by enterprises. To formulate measures on financing management for enterprises; Reasonably determine the capital requirements and control the time of capital investment; Carefully select financing sources and strive to reduce the cost of funds; Properly arrange the capital structure and correctly use the debt management; It is of certain reference value to promote the innovation of financial system and mechanism, especially to vigorously develop small Banks.

Due to the complexity and changeability of the international and domestic market operation environment and the unprecedented fierce competition, the implementation of financing management can expand the production scale of enterprises and develop into diversified operation, which can reduce the operation risk of enterprises and improve their competitiveness. Financial management is the most important part of enterprise management. With the improvement of enterprise management technology and the continuous development of information technology, financing management based on financial information data has been paid more and more attention. Financing is the capital operation behavior of an enterprise to guarantee the normal operation and development of its own assets by participating in the financial transactions in the capital market and obtaining certain funds through the guarantee of its own assets' value-added capacity or value-added potential value. Financing is one of the basic functions of modern enterprise financial management. In order to realize the dual control of the cost and risk of capital integration, enterprises select feasible financing strategies and appropriate financing modes through risk analysis in order to build a more flexible capital structure on the premise of meeting the capital needs of enterprises. With the implementation of accounting standards for new enterprises, new requirements have been put forward for enterprise financing management. This paper discusses how to strengthen enterprise financing management under the accounting standards for new enterprises.

To raise funds scientifically and reasonably is to improve the efficiency of financing. First of all, timely and appropriate financing to meet the investment needs of enterprises is conducive to increasing profits and ensuring the normal operation of production and operation activities, shortening the construction period of fixed assets, and improving the utilization efficiency of limited funds. Secondly, timely and appropriate financing is conducive to reducing or avoiding unnecessary idle funds and effectively controlling the opportunity cost of funds caused by idle funds. Third, on the premise of timely and appropriate financing and paying attention to the reasonable choice of financing structure, it can effectively reduce the capital cost, improve the profit margin of owners' equity capital, promote the maximization of enterprise value and achieve the optimal goal of enterprise financial management.

We will focus on examining whether the financing activities of enterprises adhere to the principle of total volume control and comprehensive balance. We will, in accordance with the needs of local key projects and social development, reasonably arrange the scale, duration, methods and USES of capital integration within the scope of financial capacity. Whether the financing scale is appropriate, the capital structure and the term are reasonable; Whether the fund integration process is standardized, whether it is financed according to the project, whether it is allocated in batches and in stages according to the project progress, and whether it is wasted or not. Whether to adhere to the principle of "unified decision-making, strict and standardized operation of enterprises, and strengthening supervision according to law", clear management responsibilities, scientific and standardized operation, legal operation of funds, and efficient use. Whether to establish a long-term debt repayment mechanism and early warning mechanism for enterprise financing, set up debt repayment reserve, and perform debt repayment obligations uniformly to creditors in accordance with the contract.

In order to make full use of their own funds, debt financing is reasonably arranged. Enterprises should formulate financing management measures in accordance with relevant national laws and regulations and relevant industrial systems. According to the new regulations, the enterprise finance department is the functional department of financing management. Financing shall be included in budget management. Annual financing budget shall be combined with monthly financing plan, and financing needs shall be reported in accordance with the budget procedures. The capital needs of construction projects are mainly long-term funds, supplemented by short-term financing, combined with cash flow management to achieve a dynamic balance of funds. At the same time, according to the characteristics and policy requirements of different financing methods, different financing methods, such as bond financing and borrowing by financial institutions, will be classified and managed. The financing of major projects shall be decided by the board of directors of the enterprise in accordance with the specific conditions of the project whether it is unified planning and integrated management. According to the change of economic and financial environment, enterprises can take measures such as borrowing new loans to repay old ones, replacing debts and paying off loans in advance to adjust and optimize the debt structure. At the same time, enterprises should also establish a financing risk assessment system and a major risk reporting system. Without the approval of the board of directors, enterprises are not allowed to raise external financing. In case of any financing act in violation of these measures, the enterprise shall, according to the seriousness of the case, investigate the person responsible.

The amount of funds raised by an enterprise and the time of its investment are determined by the reasonable amount and time of its capital measures. No matter through what channel, take what way to raise fund, all should determine the amount of capital requirement, have a reasonable quantity limit. Insufficient financing will affect the reasonable need for capital for production and operation. Excessive financing will increase the cost of financing and affect the use of funds. Therefore, before financing, enterprises must determine the amount of capital required according to the reasonable needs of production and operation, and then determine the amount of equity-set capital according to the utilization status of their own capital. When approving the capital requirements, we should not only pay attention to the production scale of the products, but also pay attention to the sales trend of the products, so as to prevent blind production and lead to overstocking of funds. Throughout the year, the use of corporate capital is not constant, increasing or decreasing month by month. Therefore, we should not only master the annual capital input, but also measure the capital input in different months, so as to reasonably arrange the capital input and recovery, reduce the capital occupation, accelerate the capital turnover and improve the effect of capital use.

With the establishment and development of the socialist market economy system, especially the development and improvement of the capital market, enterprises have more and more channels to raise funds and diversified financing methods, such as bank loans, private loans, creditor's rights and equity. No matter what kind of channel, what kind of means, raise fund to all must pay certain price, have different capital cost namely. The cost of funds from various sources is different, and its scope of application is also different. For example, the bank loan fund supply is relatively stable, the private loan is relatively easy to obtain, the cost of funds through government support is relatively low, the equity financing is advantageous for large amount of funds, and the creditor's rights are suitable for the financing of small amount of funds, etc. When an enterprise collects funds, one party shall fully comply with the relevant national policies, policies and financial systems, and choose reasonable financing channels and other financing methods. The other side must also pay attention to the cost of financing. It is necessary to comprehensively investigate the financing channels and ways of various funds, study the composition of various sources of funds, weigh advantages and disadvantages according to different capital needs and constraints, and find the best combination of financing methods, so as to reduce the comprehensive capital cost.

The economic resources available to enterprises come from owners' equity and liabilities, that is, assets equals liabilities plus owners' equity. The enterprise borrows money to carry on the production management activity, namely the liability management. Because the debt interest can be paid in the front of the income tax, it has little impact on the after-tax profit of the enterprise. Therefore, when the investment yield is greater than the debt interest series, the debt management can not only ease the tension of the own capital, but also improve the series of self-owned capital gains. However, if there is too much debt, it will bear greater financial risks, affect the ability of enterprises to refinance, and even face bankruptcy due to the loss of debt paying ability. At the same time, according to the characteristics of the enterprise loan business, and actively reform and innovation, the establishment conforms to the characteristics of the enterprise loan business credit rating, business process, risk control, human resource management and internal control system, build the corresponding incentive constraint mechanism, gradually establish adapted to small and medium-sized enterprise loan business credit culture.

Developing small Banks can not only effectively concentrate social capital and private capital and give full play to the important role of "grassroots finance" in serving the "grassroots economy", but also help solve the problem of information asymmetry between the two sides of credit. The United States has a large number of community Banks, for example, they in the target market is mainly in the service of small and medium-sized enterprises, individual businesses and households around, in the aspect of customer relationship and mid-level managers can contact residents, in-depth understanding of community affairs, thus have a more complete the lender in the loan approval information, effectively solve the information asymmetry between Banks and enterprises. For another example, the silicon valley bank of the United States is familiar with the operation status and development prospects of technology enterprises in the region, so as to effectively avoid the disadvantages of traditional commercial Banks that place too much emphasis on security and profitability, and better meet the financial needs of technology enterprises in the technology research, development and growth stage. In addition, the development of small Banks is also conducive to the development of private finance. In China, private finance is becoming more and more active with the development of private economy. Regulating and guiding the healthy development of private finance, effectively releasing the vitality of private capital, and developing small Banks will be an important channel and export. At present, the development of small Banks has three key points: first, vigorously develop urban commercial Banks. China's 283 prefecture-level cities have 136 urban commercial Banks. More qualified prefecture-level cities should be encouraged to establish urban commercial Banks. Second, we will continue to standardize and develop rural financial institutions. By the first quarter of 2009, China had only 22 rural Banks and 163 rural cooperative Banks. Eligible counties should be encouraged to establish their own rural Banks or rural cooperative Banks. Third, we will focus on developing small regional and industrial financial institutions, such as community Banks, science and technology Banks, village and town Banks, small loan companies and rural mutual aid agencies, and constantly increase the coverage of small financial institutions.

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