Financial Statements Of Enterprise CFO

Only economic sustainability can not guarantee the overall sustainable development of enterprises.

Recently, as announced in the enterprise strategy, as mentioned in the past, enterprises in addition to financial profits, but also take up corporate social responsibility and environmental responsibilities.

This pformation of enterprise consciousness is brought about by the continuous social consciousness and the corresponding public policy incentives.

So sustainability is an important part of enterprise strategy.

This has a great impact on the company's decision-making and performance measurement.

This change brings the so-called "three bottom line" report, in addition to the financial profitability of enterprises, but also includes the social and environmental performance of enterprises.

This is for today.

It brings great challenges.

Many of them doubt whether enterprises can achieve the "three bottom line" requirement in reality.

But it is undeniable that the comprehensive report is paying more and more attention now.

and

Integrate.

Nowadays, corporate social responsibility is becoming more and more important, which brings additional challenges to the CFO of enterprises.

Enterprises are making efforts in the direction of comprehensive and reporting, trying to incorporate the performance of enterprises in social and environmental aspects. This requires the design and use of new reporting systems and the use of more intangible non-financial indicators.

The bigger problem is that companies often clash with each other in pursuit of environmental, social and business goals.

Therefore, CFO must carefully assess the balance between these objectives.

So, CFO of enterprises and enterprises sometimes treat corporate social responsibility without saying anything? Especially when the economic situation is grim, business growth and profitability are the top priority.

This raises questions about how to balance short-term goals and long-term goals.

Future CFO must handle this relationship with great care and be prepared to challenge difficult decisions that do not meet the long-term interests of the enterprise.

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Today's CFO should not only manage the pocketbook of enterprises, but also make strategies for the strategy of enterprises.

Usually, the strategy of an enterprise depends on the top management team of the enterprise. CFO is also an important member of the team.

We can expect that this trend will continue into the future.

In the future, the role of CFO in the determination of enterprise strategy will be further strengthened.

The future business environment is more complex, which requires more professional analysis skills in CFO and financial functions.

Finally, the implementation of enterprise strategy.

In the future, we will pay more attention to developing more efficient business processes, tools and methods, such as scorecard, key performance indicators, external market index, etc., to support the operation of enterprises and measure the effectiveness of business operations.

CFO plays an important role in the formulation, validation and implementation of enterprise strategy, which brings another important problem: the linkage between enterprise strategy and financial and risk management (such as budgeting, forecasting, risk management, etc.) is strengthened.

Under normal circumstances, the financial and budgeting process of enterprises often does not relate to or disjointed with the current business situation.

In the future, CFO must also push ahead with enterprise reform, and integrate the financial functions of enterprises with the strategy of enterprises more efficiently.

Here is a broader sense of the integration of financial functions.

At the round table conference, many CFO mentioned a key problem: enterprises often focus too much on short-term cost cutting (such as layoffs), which damages long-term strategic planning and wastes much time in activities that are not conducive to improving the long-term strategic efficiency of enterprises.

This means that the new balance adjustment must be carried out.