Chief Financial Officer

Author: Zhang Yunting
Publisher:
Publish Date: 2003-06-01
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 establishing a parallel operating "dual-track system" 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, focusing on the practice and connotation of the finance director system, elaborating on the indispensable conditions and elements that contribute to the professionalization of the finance director.
Module 2 mainly discusses the foundational work of enterprise accounting management. The finance director should focus on 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 structure design, and accounting personnel management.
Module 3 targets the value management system, emphasizing the generation mechanisms and driving factors of company value. The finance director should pay special attention to key aspects that affect company 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 of the corporate management control system. It argues that the cyclic chain composed of strategic planning, business planning, operational planning, budget management, performance measurement, and compensation incentives objectively influences or even determines a company's execution and value creation, making it an important area that the finance director cannot overlook.