联系我们

论文查询结果	返回搜索

论文编号：	4715
作者编号：	2120102735
上传时间：	2012/12/11 0:18:26
中文题目：	A公司现金流量管理问题研究
英文题目：	The Research of A Company Cash Flow Management
指导老师：	周晓苏
中文关键字：	现金流量管理;预算管理;现金集中化管理
英文关键字：	cash flow management;budget management;cash centralized management
中文摘要：	本文首先通过2011年上市公司中报披露的制造业经营状况，表明了现金流量管理对于企业管理的重要性。首先简单介绍现金流量管理的历史，现金流量管理的概念以及主要的理论研究成果。通过比较和分析西方发达资本主义和中国现金流量管理的宏观环境的不同，可以看出将西方发达资本主义先进的现金流量管理方法完全照搬到中国来应用是不完全适合的。如何形成适合中国宏观经济的现金流量管理方法是值得各界管理者关注的问题。 本文通过对A公司现金流量管理现状的分析，表明将西方国家先进的现金流量管理理念直接不加改动的应用到中国的企业是不合适的。A公司作为制造型企业，其组织架构设置比较健全，主要执行综合管理的职能，管理其子公司的全面经营，整合财务报告同美国总部汇报，其经营成果作为一个整体来考核。A公司在中国的现金流量管理模式主要是集中化管理。A公司现金流量管理在引入了全球总部现金流量管理的先进方法，并希望通过这些管理模式，实现对其子公司和分公司的现金流量的管理，达到企业集团现金流量利用效率最大化的目的，并最终实现企业价值最大化。但是，其现金流量管理却出现了一些问题，这些问题主要体现在：第一，现金流量集中化管理存在局限性，管理难度较大；第二，A公司现金流量管理的风险依然存在；第三，现金流量集中管理手段不够先进。针对这些问题，结合A公司现金流量管理的特点，分析了这些问题产生的原因。并提出了改进的措施：首先，需要加强现金流量预算管理，编制单独的生产和费用预算以便合理安排各种资源，编制销售预算来约束和控制销售活动，进行利润预算并保证净现金流量和企业利润维持合理比例，统一规划加强预算管理，同时更新短期现金流量预测；其次，加强现金流量集中统一管理，加强资金结算的统一管理，集中控制现金流量集中选择银行并保持良好关系，利用网络银行建立资金池进行资金的统一管理以降低服务成本，以集团的形式进行联合采购提高采购谈判地位；第三，加强现金流量风险管理，完善收款管理制度，降低收款风险增加现金流入，完善外汇风险管理。
英文摘要：	Through the disclosure of the operation condition of 2011 manufacturing listed companies’ interim financial statement, shows the significance of cash flow management in the financial management of the enterprise. Firstly, introduce the history of the cash flow management, definition of cash flow management and main theoretical research results through the comparison and analysis of the developed western capitalism and China's cash flow management of the macro environment is different, can see that will be developed western capitalist advanced cash flow management method completely copy China to come application is not completely suitable for how to form suitable for China's macroeconomic cash flow management method is worth all managers concern. This article through to A company cash flow management present situation analysis, show that the western countries advanced cash flow management concept directly without the application of changes to China's enterprise is not suitable as A manufacturing enterprise, its organizational structure setting is perfect, the main implement comprehensive management functions, management of the company, comprehensive management, the integration of financial report with the United States headquarters report, its operating results as A whole evaluation A company is in China's cash flow management mode is mainly centralized management company A cash flow management in introducing the global headquarters cash flow management advanced method, and hope that through these management mode to realize its companies and branch cash flow management to enterprise group cash flow efficiency maximization goal, and finally realize the maximization of enterprise value but The cash flow management but there have been some problems, these problems mainly embodied in the following aspects: first, cash flow centralization management existence limitations, the management difficulty bigger; Second, A company cash flow management risks still exist; Third, cash flow centralized management means not advanced to solve these problems, combined with company A cash flow management characteristics, the thesis analyzed the causes of these problems and puts forward the improved measures: first of all, we need to strengthen the cash flow of the budget management, formulate separate production and the expense budget in order to arrange all kinds of resources, work out the sales budget to restrain and control sales activities, undertake profit budget and ensure the net cash flow and profit of enterprise maintain reasonable proportion, unified planning to strengthen the budget management, at the same time update short-term cash flow forecast; Second, strengthen the cash flow of the centralized and unified management strengthen the capital settlement unified management, centralized control cash flow concentration choose bank and keep good relationship, the use of the network bank to establish the pool of funds for unified management in order to reduce service costs to group in the form of joint procurement improve purchasing bargaining position; Third, strengthen the cash flow risk management, perfect the collection management system, reduce the increased risk of collection cash inflows, perfect the foreign exchange risk management.
查看全文：	预览  下载(下载需要进行登录)