1.1 Corporate finance and financial management
The business's financial activities must be planned through a financial plan, a superior financial plan that will help unit administrators make the right financial decisions to achieve the goals. business spending.
1.2. Financial situation of a company
1.2.1. Definition of financial situation
The financial position of a company is determined by the results of its operations in its financial statements: the cash flow statement; Profit growth in the statement of profits and losses, assets, liabilities and equity in the balance sheet.
Assessing the financial situation of an enterprise is the review and analysis of the financial management results of an enterprise through the data on the financial statements by combining the use of methods, tools and techniques. analyzing, thereby pointing out what has been done, not yet done and predicting what will happen. at the same time find out the causes and influence of these factors on the business results of the enterprise, thereby proposing solutions to take advantage of strengths, overcome weaknesses, and improve the quality of business management.
1.2.2 Indicators for assessing financial situation of a company
1.2.2.1 Assets and Assets Structure
1.2.2.3 Revenue, Expense and Income
1.2.2.5 Liquidity and solvency
TIE Ratio =
CHAPTER 3:
SOLUTIONS TO IMPROVE THE FINANCIAL SITUATION OF HANOI TRADE JOINT STOCK CORPORATION
• Maintaining business operations: exploiting existing potentials of labor, equipment, materials, and capital to fulfill targets, adjusted plans in the coming years, fully fulfill obligations to the Bank. State policy, stabilizing and constantly improving the life of workers.
• Actively ensure raw materials, labor, equipment, technology, designs and costs incurred in relation to main production and business activities. Maintaining product quality, organizing production to ensure schedule and meet customer requirements.
• Investing and expanding business, trying to have more projects to increase market share, improve operational efficiency and profit. Expanding and nominating markets in the North, the center and abroad.
• Purchase machinery and equipment for the construction sector to increase productivity, quality and reduce project time.
• Selecting qualified and reasonable workers in retraining and guiding staff. Machines still cannot completely replace humans as the main force in the production process. Strengthen the management and training to improve employees' knowledge about the process of using equipment, especially the specialized wiring system, performing maintenance and repair as planned.
• Regularly update product sales to compare debts and firmly grasp the financial capacity of each customer, take advantage of debt recovery opportunities, and drastically focus on debt collection in deferred customers. bad debts, reducing debt risks.
• Strengthening cost management.
• Strengthen relationships with strategic partners, suppliers and customers.
• Ensuring capital for production, investment as well as salary policy for employees. Control and manage financial activities to comply with regulations, overcome shortcomings and limitations of the company.