Đánh giá về vai trò của CFO (giám đốc tài chính) trong các doanh nghiệp sự cần thiết của chức danh này trong các doanh nghiệp việt nam en

Goal corporate of finance 2.1 Objectives raise capital A business can be operated business producing the required capital and the right to use its funds in cash on a regular basis.. To

Đánh giá về vai trò của CFO (giám đốc tài chính) trong các doanh nghiệp.

Sự cần thiết của chức danh này trong các doanh nghiệp Việt Nam

TABLE OF CONTENT

Đánh giá về vai trò của CFO (giám đốc tài chính) trong các doanh nghiệp Sự cần thiết của chức danh này trong các doanh

nghiệp Việt Nam 1

TABLE OF CONTENT 1

RESEARCH OF CONTENT 2

PART 1: FOREWORD 2

1 Role of corporate finance 2

2 Goal corporate of finance 3

2.1 Objectives raise capital 3

2.2 Objectives capital distribution 4

2.3 Objectives of the CFO 5

3 Role of the CFO (chief financial officer) in the enterprise 5

4 The title necessary CFO (chief financial officer) businesses in Vietnam 6

PART 2: TEST 8

LIST OF REFERENCES 16

RESEARCH OF CONTENT PART 1: FOREWORD

1 Role of corporate finance

Finance is an integral part of the economic activity of enterprises It has organic relationship and interaction with other economic activities The relationship of this interaction and may reflect the impact sticking out regularly between distributed manufacturing with product consumption Distribution reflects both the results of production and of exchange, the conditions for both the production and exchange can proceed normally and continuously

Corporate Finance as financial institutions business has legal personality and is

a stage of financial establishments in the financial system Because it takes place in the creation and capital flows associated with the process of production, investment, consumption and distribution

Finance we understand at first glance is the currency, as a business would have

to deduct salaries paid to officers and employees When participating wage distribution between labor types have different qualifications and different working conditions Financial participation of the national product distribution to employees through the process of forming and using the wage fund and other public welfare So between finance and money are two different economic categories

Finance is not the money, nor the monetary fund But essentially monetary and currency funds only form of expression outside of finance, and inside it is the diversity of economic relations Humanity has made great inventions which have included the invention of money, by which it may provide various activities for a uniform unit of measure, and on that basis can compare , are calculated together So money is a means to finance the general operations and financial business activities in particular Through this means, enterprises can perform many different activities in all fields, if we only see from the outside, only to see the activities that each activity separately, but are actually sticking together in the movements and capital flows, we calculated and compared with each other in cash

2 Goal corporate of finance

2.1 Objectives raise capital

A business can be operated business producing the required capital and the right to use its funds in cash on a regular basis However, it is necessary to clarify the issue: The capital is taken where? How to raise capital?

Earlier this management mechanism centrally planned state budget entire investment in capital construction for the establishment of state-owned enterprises Currently the transition to the market economy with the activities of all businesses in different economic sectors, many state-owned enterprises has proved his weakness That reality poses to the economy in general management and financial management

of a particular problem is: how to bring the loss-making enterprises that escape from the current situation? It is this instability has not yet created a consistency in the shape

of capital for enterprises in our country

However, although specific changes matter how it all with all forms of business ownership in the areas of production, circulation, services may mobilize funds from the following sources:

-Budget fund state-level or higher for state-owned enterprises are determined

on the basis of written records forwarding capital that businesses have the responsibility to preserve and develop that capital allocation When the newly formed state-level or higher initial capital investment for companies implementing business suits sizes and industries This capital is often equal to or greater than the legal capital After the operation, if necessary, the state will provide additional capital for businesses to cater for business development

Supplemented by themselves capital: the enterprise's internal capital including: + The basic capital depreciation leaves businesses

+ Profit after tax has been paid

+ The pre-selling its assets (if any)

Joint venture-capital: it is the contribution of funds or property of other companies with business to business

- Loans: mainly bank loans and other credit institutions In addition to the aforementioned capital, businesses can raise capital from public officials and employees will now pay interest on a loan for which the interest rate banks

Thereby we imagine, the process of establishing businesses need to have a minimum amount of capital investment For now the state capital by the state budget could be 100% or at least 51% As for the Corporation, Ltd., company, the initial capital investment is formed from contributions of capital or capital contribution of the shareholders in the form of shares Borrowing rates are defined for each business

To survive and grow business, in the process of production and business enterprises must continue the medium and long term investment so businesses can raise capital within the enterprise as equity funding If self-funded resource that needs long-term investors still do not meet the enterprises to seek capital from external sources such as the forms mentioned above

With the organization of capital, corporate finance simply not done raising capital but also to carry out capital distribution so that the authorized capital, own capital and the capital raising, business able to use them effectively To do so, in each period business enterprise needs to determine how much capital and how the structure

is reasonable

2.2 Objectives capital distribution

After raising capital and use that capital will gain as a result of consumption of the commodity business So now conducting distributed operating results of its business

In our country, the economy exists because many components, various forms of ownership, so the size and distribution methods in the type of business is different After each trading period, the amount received by businesses, including cost and expenses incurred Therefore, enterprises can distribute in accordance with the following general form:

Offset costs attributable to goods sold includes:

+ The value of capital goods

+ Circulation costs and other costs that businesses have spent as bank interest, transaction costs, bond yields

+ Depreciation of machinery

- The remaining after offset costs is called the profit of the business Profit this part must be submitted to the state budget in the form of taxes, the rest depends on the

rules of each division that conducts business venture interest, pay dividends, appropriate funds business career

2.3 Objectives of the CFO

It is the objective ability to make use of financial instruments check, money manager by the use of functional measure of triva means of monetary payment This ability is manifested in that, in the process of implementing distribution function, the test may take the form of: the necessity to consider the scale of the distribution of financial resources, the effect of the distribution coordinated through monetary funds

Chief Financial Officer nature comprehensive synthesis, and place themselves frequently because the CFO is the process of checking and controlling the financial activities in order to discover the advantages to promote, exists to overcome

Financial activities take place in all areas of the process of social reproduction

on the macro and micro In the financial activities that not only reflects the results of production but also to promote development Motivation to accelerate social production depends not only on the equilibrium distribution, and reasonable balance between the parts, but also directly dependent on the inspection and stringent control

of all financial activities key

Content is chief financial officer and director of the movement of capital flows monetary capital efficiency, establish and supervise the observance of the targets, the financial and economic norms, director formation process and the use of monetary funds, the process of economic and accounting executive director of the fiscal policy

Perform financial management has confirmed to perform thorough and efficient job CFOs need to regularly renew and improve the mechanism of adequate financial management mechanisms and policies with economic management manufacturing and business practices Through the implementation that makes optimal solutions to make healthy financial situation and improve the production efficiency of an enterprise business Target of CFO plays an important role for the development of business in the future

3 Role of the CFO (chief financial officer) in the enterprise

Chief Financial Officer - CFO is a very important location for the enterprise, acting as the driver of the blood vessels - cash flow, going in the right direction and objectives of the business They often hold key positions in businesses such as

financial risk management, design and business communicator for corporate finance, solved financial relationships inside and outside the enterprise

The role of the CFO is usually considered in three aspects as follows:

- Considering the enterprise perspective, the role of today's CFO undeniable, including small and medium enterprise enterprise whether he is successful, flourished But not as good as the CFO role, responsibilities or CFO capacity less the enterprise was able to fall into bankruptcy

- Considering the professional perspective, a professional CFO, will lead a

"trains" of accounting, corporate finance machinery works well Previously, in the context of an economy that was essentially "closed" and our financial system is at the very low level of development in comparison with the world Because, today, Vietnam has been one of deeper integration with the world in all aspects, especially in this economic integration - financial Because now, the Vietnamese will have to compete with the world right in the "house" of her, including the ability to compete on financial management And people today do not only financial resources compared to their peers in the country, but also to compete with their peers around the world,etc, Therefore, the role of the CFO is increasingly enhanced contribute to the success and development of the profession, "chief financial officer"

Considering a macro perspective, vision and financial capacity of international accounting Vietnam has made great progress compared to the past This contributes to strengthening the accounting system in Vietnam, which acts constitute the principles

of financial accounting standards Chief Financial Officer reinforce Vietnam's financial system stable

However, the activity level of the domestic financial system, as well as financial management capacity of the Vietnamese people in general still exists a gap over the world really Therefore, the CFO needs to improve ourselves, to acquire the methods of financial management in the enterprise world to help better serve the financial effects of the business

4 The title necessary CFO (chief financial officer) businesses in Vietnam

As well as ensuring the capital, the organization of capital used sparingly and effectively be regarded as conditional survival and development of enterprise In the conditions of market economy, the requirements of economic rules laid out before all

the enterprise very strict standards; not produce any cost In the market economy, all business operations of the business are reflected in the value targets, financial targets, using accounting data and summary of assets With this feature, the financial staff has the ability to analyze, monitor business activities to one side to preserve capital, on the other hand measures used to increase the capital turnover, improve profitability of business capital

CFO and basic knowledge about finance, it is the skills of reading, understanding and analyzing financial statements This is most of the chief accountant

at the company can do In addition, the CFO needs to have financial management skills an effective way The financial management of the company over to CFO is primarily active in investment planning, investment management and adjusted cash flows

The CFO as financial management of the company must be analyzed and given

a raise capital structure optimization for companies in each period Financial management should establish a policy divide a reasonable profit for the company and shareholders and ensure the legitimate benefits to employees; determined to profit from the distribution of resources is important to allow the company to expand the business or to invest in new business areas, new products, enabling the company level high and sustainable growth

And this is forgotten and faded in the CFO role, especially for manufacturing enterprises are increasingly faded requirements The CFO as financial management in the company is responsible for controlling the use of the assets in the company, avoiding wasteful use, improper purposes

The chief financial officer of the company should actively seek access to and investment in the capital market, financial markets and investment costs must be considered as part of capital investment efficiency and production business, need to expand relations with other companies to improve the mechanism of its financial management

PART 2: TEST

Please choose the most correct answer by circling on the correct answer that you have selected Template questions have only one correct answer

INFORMATION BELOW (TABLE 1) USED FOR ANSWERS FROM QUESTION 1

TO QUESTION 5 Balance Sheet of the Smith Company

Assets:

Cash and securities marketable $300.000

Except: accumulated depreciation 1.087.500

Liabilities:

Negotiable instrument payables 825.000

Income Statement

Selling expenses & General administration expenses 1.387.500

1 Based on the information in Table 1, the current rate is:

A 2,97

B 1,46

C 2,11

D 2,23

2 Based on the information in Table 1, using 360 days / year average collecting money period:

A 71 days

B 84 days

C 64 days

D 125 days

3 Based on the information in Table 1, the debt ratio (ratio of liabilities) is:

A 0,70

B 0,20

C 0,74

D 0,42

4 Based on the information in Table 1, the net profit margin on sales equal how much:

A 4,61%

B 2,94%

C 1,97%

D 5,33%

5 Based on the information in Table 1, the Inventory Turnover Ratio is:

A 0,29 times

B 2,35 times

C 0,43 times

D 3,47 times

6 Which is type the following companiesno subjectload limited liability debt?

A) Private Company

B) Joint Stock Company

C) Public company

D) All the above answers are wrong

7 Calculate the present value (PV) of $ 100,000 received after 5 years from today, assuming an interest rate of 8% / year?

A) $60.000,00

B) $68.058,32

C) $73.502,99

D) $82.609,42

8 Calculate the present value (PV) of $ 80,000 received after 10 years from today, assuming an interest rate of 5% / year?

A) $38.422,76

B) $40.000,00

C) $49.113,06

D) $76.000,00

9 Calculate the present value (PV) of $ 50,000 received after 20 years from today, assuming an interest rate of 4% / year?

A) $5.242,88

B) $10.000,00

C) $22 819,35

D) $40.000,00

10 Calculate future value (FV) of $ 60,000 in 5 years, assuming the interest rate is 5% / year?

A) $62.500,00

B) $72.674,86

C) $75.000,00

D) $76.576,89

11 The NPV method: