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County Cable TV network operators in the financial management - education industry by e55he thbtngr





Article Author Biography
County Cable TV network operators in the financial management - education industry by
Article Posted: 03/25/2011
Article Views: 80
Articles Written: 883
Word Count: 644
Article Votes: 0
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County Cable TV network operators in the financial management - education industry


 
Business,Business News,Business Opportunities
Abstract: Chinese Premier Wen Jiabao on Jan. 13, 2010 chaired a State Council executive meeting, decided to speed up the telecommunications network, Radio and TV Network and Internet triple play. To meet the triple play of the big trends, county cable operating companies should change their existing financial management, implementation of centralized financial management, of investment, efficiency virtuous cycle of growth, to strengthen the effective integration of financial resources to ensure that assets effectiveness, mobility and sustainable profitability, improve efficiency and effectiveness of enterprise assets.

Key words: triple play cable operator focused on enterprise financial management First, the drawbacks of the traditional financial management and implementation of the feasibility of centralized financial management

County cable operating companies, since 2006, basically built the cable network covering the whole county, especially in the "villages" network construction and management of their own characteristics, combined with their actual situation, the network construction, equipment management, user development, user services, and institutional setup, personnel management, wage distribution, creating and accumulated rich experience. However, financial management, especially the financial management of subordinate units can only be authorized by their respective towns, too much decentralization, to the county's financial management of the network has brought many problems.

(A) of the drawbacks of traditional financial management 1, the lack of unified financial information systems planning and deployment. County Financial Management Network Operations Information Slow process, many subordinate units their own way in the construction of information can not be other financial management information systems and combine business management system can not meet the needs of enterprise management.

2, internal financial management practices, processes and standards are not unified. County-level Networks unit of independent accounting system, accounting statements are summary form, information and data can not be shared, not in time to collect aggregate various data for management decision making. The old financial management can no longer meet the current cable TV network operators, enterprises, to adapt to the rapid development environment requirements.

3, fund management, inefficient, not effective deployment of funds. Centralized management of county-level network of company funds and funds dispersed subordinate units occupied the most prominent problem contradictions of capital are not fully utilized, increasing the burden on the company's financial operations and operating risk, affecting the overall interests. Capital mobility among the member units of the difficulties, is not conducive to the effective allocation of funds, excessive decentralization, leading to internal resource allocation on the duplication, economies of scale affect play.

4, ineffective budget management system, financial management risks. As the cable company a monopoly, lack of market research, resulting in inaccurate estimates of revenue, revenue management is relatively weak, the budget execution Price Situation is not ideal. Furthermore, the lack of historical data, budgeting is manifestly inadequate, the need for accumulation to gradually increase the budget for science. Finally, the project investment and the future relationship between income is not enough, fixed asset investment budget to be strengthened. Budget can not be an effective system, there is often lack of planning in advance, something the lack of control, lack of audit after the phenomenon, which will bring some financial management difficulties and risks.

(B) into the feasibility of centralized financial management 1, the network Technology Provide the basis for the centralized management. Advanced Firewall Technology, access control, data encryption, authentication technology, tunneling, etc. one after another, for the security of data has provided a guarantee; network technology enables financial management in space, time and efficiency have changed greatly extends the capacity and quality of financial management, financial management to achieve the original unattainable level.

2, the implementation of centralized financial management can promote the enterprises to strengthen management.

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