Enterprise financial management refers to the strategic use of financial resources to achieve the optimal benefit of enterprises. In the era of knowledge economy, enterprise financial culture is playing an increasingly important role in promoting the sustainable development of the enterprise.
Effective financial management can ensure the sustainability of enterprises, reduce enterprise operating costs, enable enterprises to make profits, protect the interests of creditors, shareholders and other stakeholders. With the development of market economy and the deepening of financial reform, the formulation of corporate financial culture has been paid more and more attention by enterprises.
This paper adopts the methods of literature review, document analysis and other research methods, and combines the authors practical experience in enterprise financial management to clarify the significance of corporate financial culture.
In a society where market economy is the dominant force, financial risk management and financial culture have become an important part of the enterprise culture. It is one of the important factors that enterprises should consider when building enterprise culture. An important dimension of financial culture is the way of enterprise financial risk management.
Financial risk management involves using strategic, financial and operational measures to reduce or eliminate the potential financial risks facing a company. The financial risk management tools and principles used by the company are mainly based on the companys organizational structure, management strategy and corporate culture.
Financial risk management is not only an important tool to avoid financial losses and maximize financial gains, but also an important part of enterprise culture, which reflects the companys working spirit, ideas and values.
Financial culture is the internal construction of an enterprise, which requires enterprise leaders to be the promoters, creators, organizers and masters. In terms of enterprise financial culture, organizations must emphasize the concept of clear financial flows and financial responsibility, strengthen the internal audit of financial management, and lay emphasis on internal supervision. The construction of enterprise financial culture should combine with the development goals, core values, operational strategies and operational organization of the enterprise, and accumulate and inherit the collective experience of successive generations to form a clear core concept and system structure.
The core of effective financial culture is economic responsibility. Enterprises should establish economic responsibility for managers, directors and responsible staff, act according to the terms of the job, and bear the ultimate responsibility for the economic growth and development of the enterprise. Risk prevention, never breaking laws and regulations, clear understanding and supervision of all financing activities to avoid possible financial risks, and improvement of financial decision-making ability and information utilization ability are all closely related to enterprise financial culture.
The development of corporate financial culture is an integral part of enterprise financial management. Only by establishing and improving the financial culture can companies better grasp the vision, wisdom and energy of employees, give full play to the role of employees, improve the overall financial efficiency, and form a healthy financial situation. Therefore, corporate financial culture has become an important part of corporate culture. Developing enterprise financial culture is to key to the successful financial management of enterprises.
