Help on Tele2, tariffs, questions

Efficient Management resources is a priority for any enterprise. Depending on the development strategy and accounting policy of the company, management principles are developed cash flows and formation of relationships between business entities.

Tasks of a financial manager

The functions of accounting, control, distribution of resources are assigned to the head of the economic department. He is responsible for the correct implementation of the economic policy of the company and is obliged to create conditions for effective work enterprises. The main functions and tasks of a financial manager in an enterprise:

• efficient use of resources;
• cash flow optimization;
• risk minimization;
• assessment of the company's potential;
• search for solutions that ensure the current economic sustainability enterprises;
• planning and cost control;
• ensuring the solvency and liquidity of the company;
• work with clients.

The financial manager has duties and organizational nature. He participates in budget process and provides for the operation of the treasury. It also monitors and analyzes economic activity and cash flows, examines the possibility of using various tools within the framework of the company's policy and approved management principles.

Figure 1. Cash flow optimization by example software product"WA: Financier".

Financial manager tools for controlling, accounting and managing cash flow

The financial manager uses a wide range of tools. The process of accounting and control is time-consuming and responsible, the specialist has no right to make mistakes, as he manages the company's assets. In order to improve the quality and maximize the systematization of processes, enterprises are introducing universal software products with broad functionality. This approach allows you to optimize labor and time costs, increase efficiency.

The WA: Financier system is a flexible tool for solving the most challenging tasks management, it can be applied at any enterprise in Moscow or in other regions of Russia. It allows you to increase the number of analytical tasks due to the expansion of functionality, so the economic manager can perform direct duties more efficiently. The system is convenient and easy to use, easy to configure, the selection of options is carried out depending on the goals of the specialist.

The main functions and responsibilities of the financial manager include the effective organization of the work of the treasury and setting management accounting. "WA: Financier" allows you to implement them with the highest quality and efficiency. Rational management in cash- this is a priority task of the company, so the organization of accounting begins with the construction of a treasury system (accounting for cash flows). The system includes a set of tools that allows you to solve problems as correctly as possible:

• formation of Cash Flow Budgets;
• management of the BDDS approval process;
• formation and control of the passage of applications in accordance with the limits and plans;
• flexible interaction with accounting systems and client-bank;
• generating reports.

Figure 2. Formation of the cash flow budget on the example of the software product "WA: Financier".

This functionality allows:

• quickly implement and configure a treasury management system for use;
• test the system and evaluate its capabilities in relation to the enterprise.

"WA: Financier" can solve a number of large-scale tasks. Therefore, the introduction of more complex models when changing a license allows you to expand the range of management actions. For example, "WA: Financier: Budgeting" allows you to effectively form:

• income and expenditure budget;
• operating budgets;
• operating sheet budget.

Figure 3. Consolidated management reporting for a group of companies in the "WA: Financier" system.

The solution "WA: Financier: Management Accounting / IFRS" can also be applied if there is a need to implement a management accounting system. The contract management system can be effectively organized with the delivery option "WA: Financier: Contract Management".

All products developed by WiseAdvice complement each other. Switching to another delivery option allows you to use the functionality of the previous model. New versions expand current ones functional solutions and allow the technician to use familiar tools that were available in system variants previously used.

Financial manager: duties and specifics of activity

Depending on the scale and specifics of the enterprise, the principles of accounting policy and resource management, the range of functions of a financial manager may differ significantly. A specialist can solve individual tasks of cash flow management or exercise full control over the economic condition of the company. Job description should reflect the range of all duties assigned to the specialist. In addition, it should include a list of powers, which will allow the employee to determine his rights and effectively exercise them in the future. professional activity in accordance with the instructions.

Job descriptions are developed by companies in accordance with the characteristics of their activities, however, they have basic similar provisions in their structure:

1. General provisions.
2. Qualification requirements.
3. Job responsibilities.
4. Criteria for assessing the quality of performed functions.
5. Specialist rights.
6. Powers and duties of the leader.
7. A responsibility.

All provisions of the job description of the financial manager must be spelled out clearly and completely. Such an approach will not allow an employee of the company to inefficiently perform the functions of a financial manager and will give him an understanding of the entire area of ​​responsibility assigned to him. In addition, guided by the provisions of the instructions, the specialist will build the labor process more systematically and use his rights in a productive direction.

Well-written job descriptions allow the recruiter to fill vacancies more effectively by evaluating resumes in accordance with the provisions of these documents. This approach optimizes the selection process professional personnel, regardless of whether the vacancy is filled by a sales specialist or a financial manager.

Organizational structure of financial management

2.1. The structure of the financial management system at the enterprise

Structure of financial services enterprises are usually built on a functional basis, which implies a clear definition of the functions of each structural unit and worker. Depending on the scale of the enterprise, the head of the service may be a financial director, financial manager, chief accountant.

Small business: The functions of the financial director (manager) are assigned to the chief accountant (Fig. 1).

Rice. 1 Structure financial service small businesses

Medium enterprises: At medium-sized enterprises, the accounting functions performed by the accounting department are distinguished separately and the functions of the financial director (manager) in this case include planning, forecasting, analysis, control, search for sources of financing, etc. (fig.2)

Rice. 2. The structure of the financial service of medium-sized enterprises

Large enterprises: A distinctive feature of the financial service on large enterprises is a large degree of functional detail, in accordance with which the structural divisions of the enterprise are formed. For big company the most characteristic separation special service, led by a vice president of finance (financial director) and, as a rule, including an accounting department and a financial department (Fig. 3).

Regardless of the organizational structure of the company management, the financial manager is responsible for making decisions in the field of financial management or making recommendations to senior management, for analyzing financial problems.

Rice. 3. Organizational structure large enterprise management

2.2. Financial Manager: functional responsibilities, qualification characteristic

Effective functioning of the enterprise in to a large extent determined by the ability of the financial manager

• rationally manage existing financial resources;
• respond in a timely manner to the conditions of a dynamically changing market;
• prevent a situation of possible bankruptcy of the enterprise.

Among main functional responsibilities financial manager are:

• organization financial work at the enterprise;
• development of forecasts, projects and plans for capital investment (direct investments, venture capital investments, investments in securities);
• assessment of different options for investing capital, taking into account the degree of risk and the amount of profit received, choosing the best option;
• development of prospective, current, operational financial plans, plans for the receipt and use of foreign currency;
• participation in the development of the business plan of the enterprise in part financial indicators, as well as financial regulations;
• conducting monetary and credit policy;
• analysis financial condition enterprises;
• control over the execution of planned indicators.

Qualification characteristics of a financial manager.

The qualification characteristic of a financial manager imposes requirements on him in the field of his theoretical training and practical skills.

The financial manager must know:

• The theory of management.
• The theory of finance, credit and money circulation.
• theory financial management.
• Accounting.
• Economic statistics, current statistical accounting.
• Current legislation in the field of financial, credit, currency banking and exchange activities.
• Basic normative-legislative acts on international settlements and foreign economic activity.
• Types of securities and the procedure for their circulation. Peculiarities of circulation of securities abroad.
• Rules and procedures for conducting operations in the domestic financial market.
• Fundamentals of transactions in the international financial market.
• Fundamentals of the economics of an economic entity.
• Methodology and methodology of economic analysis.
• Office work and correspondence.

The financial manager must be able to:

• Read the balance sheet.
• Understand the statistical, accounting and operational reporting of an economic entity.
• Understand financial information, including foreign, published in the press.
• Analyze the results of production and trade and especially financial activities business entity.
• Analyze and evaluate economic efficiency investment measures.
• Predict the results of capital investment. Evaluate and make final decisions.
• Develop usage programs financial resources.
• Make a financial plan.
• Prepare a report on the use of financial resources and the achievement of indicators financial plan.
• Prepare documents on financial matters for submission to the bank, tax service and other governing bodies.
• Conduct correspondence on financial matters with management bodies and business entities.
• Monitor the implementation of financial plan targets financial programs, for the efficient use of financial resources, fixed assets, intangible assets, working capital.

The rapid development of the market has led to the emergence of many previously unknown professions. A special direction in the work of many companies has become management methods in which all areas of activity are affected. Depending on the assigned functions, such an employee may perform various duties. For example, control and organization of sales or financial management.

Economic relations involve the management of capital and other assets of the company. The consolidation of business has led to a demand for specialists who can professionally conduct financial affairs and carry out their correct accounting.

A financial manager is a manager who combines an accountant and a specialist who owns the market situation at the same time. He directs that the efficiency of their use becomes even greater, and the company's goals are achieved in the shortest possible time.

Financial manager - a person reporting to the director of finance

This position involves the performance of several functions. Firstly, it is the achievement of a balance between material and financial resources in the process of capital turnover. Secondly, it is a distribution function, which implies right direction cash flows. This is also the creation of funds and the competent use of their funds. The last function is control over all financial resources and comparison of the received profit with the expected result.

The main task that a financial manager performs is to maximize profits with minimal production costs. He must also carry out restructuring to ensure their reasonable ratio.

The duties of a financial manager include seeking sources from related activities, from the sale of unused assets, long-term investments and fixed assets.

It should revise according to the market situation in order to improve sales revenue. He is also responsible for improving financial relations with subsidiaries.

If the company is large, then in its staff there is a group of people who are engaged in the initial task that the financial manager performs is to build an organization structure that allows for the effective distribution and control of funds.

He is obliged to identify the size of the company's need for financial injections. The search for alternative sources of funds and their development with the final result is welcome.

The financial manager must always be aware of the current situation in the market. It controls fluctuations in supply and demand, as well as the price level.

That is why a person applying for this position must be sociable, economically educated, inquisitive, striving for self-improvement. He must be well versed in the structure of the market and finance. The well-being and prosperity of any company depends on his work.

Who to become? Every graduate asks himself this question, because he has to choose a university and the direction in which he would like to move. The sphere of economics and finance is now of interest to an increasing number of people, and every year there are more and more specialists in this field of activity. But there are not so many really talented workers in this area, and they are highly valued. One of these areas of activity is financial management ...

He is in high demand right now. various enterprises, large firms and holdings. And if the company needs a talented person, then you will have to try to find this valuable shot. Who is a financial manager and why is he so valuable?

The financial manager is by and large the second person in the company, after its director or owner, and sometimes the first.

Firstly, because he sometimes receives as much as the director of the enterprise, and secondly, the further fate of the company depends on the decisions and actions taken by him.

A financial manager must be an excellent strategist and tactician in order to perform his functions well. And its functions are as follows:

 Monitor the profitability of the company and maintain it financial stability;
 Manage cash flows of the enterprise, in particular expenses;
 Minimize financial risks, develop and implement an anti-crisis policy, if necessary;
 Ensuring the most efficient use of financial resources of the enterprise.

The financial manager manages all financial flows in the enterprise, and therefore he must ensure that by the time the enterprise has to make payments, the funds are available, and during the working period all the money must be in circulation. In the event of a crisis, it is the financial manager who must decide on the company's actions, develop a behavior strategy and calculate all possible risks.

A career as a financial manager can be made by graduating with a degree in finance and auditing. Availability higher education in this area is mandatory, since the amount of knowledge that needs to be mastered is quite large, and the terminology is indispensable and specific.

Therefore, one who devotes all his time to thoroughly understanding this area, has a good memory and an analytical mindset, can become an excellent financial manager. Such personnel are worth their weight in gold, and will always be provided with work and decent pay for it.

1.1 This job description defines the functional duties, rights and responsibilities of the financial manager.

1.2 The financial manager belongs to the category of managers.

1.3 The financial manager is appointed to the position and dismissed from the position in the established current labor law by order of the director of the enterprise and dismissal from office is carried out by order of the director of the enterprise on the proposal of the financial director (head of the financial department).

1.4 Relationships by position:

1. Financial Manager Qualifications:

1. Documents regulating activitiesfinancial manager

3.1 External documents:

Legislative and regulations regarding the work being done.

3.2 Internal documents:

Charter of the enterprise, Orders and orders of the director of the enterprise (financial director, head of the financial department); Regulations on the financial department, Job description of the financial manager, Rules of the internal work schedule.

1. Job Responsibilitiesfinancial manager

Financial Manager:

4.1. Manages the financial resources of the enterprise in order to make a profit.

4.2. Develops projects of long-term and current financial plans, forecast balances and cash budgets.

4.3. Develops standards for working capital and takes measures to accelerate their turnover.

4.4. Develops measures to manage the capital structure and determines the price of capital.

4.5. Analyzes the financial and economic condition of the enterprise and the results of its activities.

4.6. Carries out activities aimed at ensuring the solvency of the enterprise, preventing the formation and liquidation of unused material and technical resources, increasing the profitability of production, increasing profits, reducing costs for the production and sale of products (goods), strengthening financial discipline.

4.7. Ensures the implementation of the financial plan and budget, profit plan and other financial indicators.

4.8. Develops methods of regulation financial results production activities enterprises (determination of optimal options for the formation of elements of the cost of production, distribution of costs, pricing, etc.).

4.9. Manages the assets of the enterprise (financing current production activities; investments directed by the enterprise for technical development (reconstruction, renovation and repair of equipment, release of new types of products, construction of buildings and structures, etc.); financial investments (acquisition of securities, creation subsidiaries, etc.); maneuvering temporarily free cash; reorganization, liquidation, sale of individual objects property complex enterprises).

4.10. Determines the sources of financing for the production and economic activities of the enterprise (budget financing; short-term and long-term lending; issue and purchase of securities; leasing financing; raising borrowed funds and using own funds, etc.), analyzes the possibilities of their use and develops schemes for their use.

4.11. Approves proposals for the placement of funds, obtaining loans, using other sources of financing and submits them for consideration to the head of the enterprise.

4.12. Establishes business relations with commercial banks and other credit institutions, leasing companies and other organizations.

4.13. Provides intended use own and borrowed funds.

4.14. Prepares bank documents for all types of payments for the obligations of the enterprise.

4.15. Carries out the investment policy of the enterprise and management of the company's assets, determines their optimal structure, prepares proposals for the replacement, liquidation of assets, manages a portfolio of securities.

4.16. Conducts analysis and evaluation of the effectiveness of financial investments.

4.17. Provides:

Timely receipt of income;

Registration in deadlines financial settlement and banking operations;

Payment of invoices of suppliers and contractors;

Repayment of loans;

interest payment, wages workers and employees;

4.18. Provides operational financing, fulfillment of settlement and payment obligations, timely reflection of ongoing changes in the solvency of the enterprise, monitors the state of own funds.

4.19. Calculates profits from the sale of manufactured products, the use of fixed assets, as well as operations that are not directly related to the main activity of the enterprise.

4.20. Makes decisions on the distribution of profits in the following areas: financing of production, based on production plans; dividend payment; payment of wages; debt repayment, incl. in the state budget; implementation social programs; etc.

4.21. Carries out work on: calculations of income taxes and other taxes; planning and managing tax minimization; transfer of taxes and fees to state and local budgets, to state off-budget social funds.

4.22. Analyzes the execution of estimates, operational and accounting reports on the financial activities of the enterprise.

4.23. Oversees:

Fulfillment of plans for the production and sale of products (goods);

Termination of production of products that do not have a market;

Proper spending of funds;

4.24. Organizes traffic records financial resources and prepares reports for the head of the enterprise (collective governing body, general meeting founders (shareholders)) on financing, administration and other financial issues.

4.25. Ensures the correctness of the reporting documentation and the reliability of the information contained in it.

4.26. Performs the function of coordinator and adviser to the head of the enterprise on financial matters.

1. Rightsfinancial manager

The financial manager has the right:

5.1. Represent the interests of the company in relations with credit institutions, insurance and investment companies, tax authorities, other bodies and organizations on financial matters.

5.2. Request from the structural divisions of the enterprise information and documents necessary to fulfill their official duties.

5.3. Interact with the heads of all structural divisions on the financial and economic activities of the enterprise.

5.4. Give instructions to the heads of structural divisions of the enterprise on the proper organization and conduct of financial work.

5.5. Sign financial documents.

5.6. Approval of all documents related to the financial and economic activities of the enterprise (plans, forecast balances, reports, etc.).

5.7. Independently conduct correspondence with structural divisions of the enterprise, as well as with third-party organizations, tax authorities, authorities state power and local government on financial matters.

5.8. Make proposals to the head of the enterprise on bringing to material and disciplinary liability officials according to the results of financial audits.

5.9. Get acquainted with the documents that define his rights and obligations in his position, the criteria for assessing the quality of performance of official duties.

5.10. Submit proposals for improvement of the work related to the responsibilities provided for in this instruction for consideration by the management.

5.11. Require the management of the enterprise to ensure the organizational and technical conditions and execution of the established documents necessary for the performance of official duties.

1. A responsibilityfinancial manager

The financial manager is responsible for:

6.1. Per improper performance or failure to fulfill their official duties provided for by this job description - within the limits determined by the current labor legislation of Ukraine.

6.2. For offenses committed in the course of carrying out their activities - within the limits determined by the current administrative, criminal and civil legislation of Ukraine.

6.3. For causing material damage - within the limits determined by the current labor and civil legislation of Ukraine.

1. Working conditions of a financial manager

7.1. The operating mode of the financial manager is determined in accordance with the Internal Labor Regulations established in the enterprise.

7.2. In connection with the production need, the financial manager may be sent to business trips(including local importance).

7.3. To solve operational issues of the financial manager, official vehicles can be allocated.

1. Terms of payment

The terms of remuneration of the financial manager are determined in accordance with the Regulations on remuneration of personnel.

9 Final provisions

9.1 This Job Description is made in two copies, one of which is kept by the Company, the other by the employee.

9.2 Tasks, Responsibilities, Rights and Responsibilities may be specified in accordance with the change in the Structure, Tasks and Functions of the structural unit and workplace.

9.3 Changes and additions to this Job Description are made by order CEO enterprises.