Chief Financial Officer

Author: Zhang Yunting
Publisher:
Publish Date: 2003-09-01
Features: "Top Finance Director (Revised Edition)" keeps pace with the times, specifically addressing the real systems and mechanisms of Chinese companies, providing a more profound and clear answer to the fundamental questions of what a finance director is, what they do, and how they do it. The author advocates for a "dual-track system" of parallel operations between the general manager and the finance director in corporate governance, believing that the finance director should be positioned as a composite role of "CPA + CMA + CFA" to effectively undertake the basic responsibilities of supervision, control, and financial management. The book is divided into four major modules:
Module 1 primarily addresses the positioning of the finance director in corporate governance, elaborating on the practical aspects and connotations of the finance director system, as well as the indispensable conditions and elements that contribute to the professionalization of the finance director.
Module 2 focuses on the foundational work of enterprise accounting management, emphasizing that the finance director should prioritize key areas such as company reporting, financial management informatization, accounting systems, internal control systems, internal audit and inspection, financial governance, the financial management system of conglomerates, accounting organizational design, and accounting personnel management.
Module 3 targets the value management system, highlighting the mechanisms and driving factors of corporate value generation, with the finance director paying special attention to key areas affecting corporate value, such as cash flow management, working capital management, capital budgeting, mergers and acquisitions, corporate financing and property rights management.
Module 4 outlines a clear framework for the corporate management control system, arguing that the cyclical chain composed of strategy, business planning, operational planning, budget management, performance measurement, and compensation incentives objectively influences or even determines a company's execution capability and value creation, making it an important area that the finance director cannot overlook.