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Summary of the financial company's financial settlement work meeting


Comrades:
good afternoon! Thanks to the concerted efforts of the delegates, the agendas of this final meeting ended on schedule and the meeting was a complete success. During the meeting, Wang Tongzhi, the financial director of the joint stock company, made an important speech on behalf of the management of the company. The deputy general manager of the finance department made a deployment on the financial final accounts of 2019. The comrades of the accounting department of the finance department explained the specific issues of the final report. . The important speech of the chief financial officer of Wang and the final report of the deputy general manager have an important role in guiding the financial work of the company and doing a good job in the financial final accounts of 2019. I hope that all units will study and understand in depth after the meeting. In particular, the important speech to Director Wang should be carried out in conjunction with the previous several sessions of President Wang. Systematic learning and understanding, unifying thoughts, grasping the pulse, clearing the direction, learning methods, and implementing the two efforts to achieve financial work. , two deepening, two extensions, in order to build "two first-class", to contribute to the company's sustained and effective development. During the meeting, the Ministry of Finance also specially invited the Ministry of Finance and the Accounting Department of the Ministry of Finance to introduce the development process of China's accounting standards system and the problems in its implementation. The director of the Beijing Xicheng District State Taxation Bureau also explained the income tax for us. The accounting company's filling method, the accounting company's Mr. introduced us to the development trend of international accounting standards. The meeting organized a group discussion. Everyone spoke freely and put forward many good opinions and suggestions, which will be of great benefit to our future work. This final account is not only an annual financial settlement work arrangement meeting, but also a financial work business exchange meeting. Although the meeting period is short, the content is very rich. I hope that after the meeting, the representatives will be absorbed and conveyed step by step and implemented in a practical manner. In the future, on the basis of the arrangement of the conference content, we will arrange as many business exchanges and seminars as possible on the basis of the final settlement of the final accounts, and create a “knowledge type”, “learning type” and “communication type”. Fully embody the "people-oriented" advanced cultural concept, enhance the communication and understanding of the financial staff of headquarters, professional companies and regional companies, brainstorm and build the financial system into a united and friendly collective, a school that trains talents, one can play The hard team is working hard to make our common cause better. Below, I will give a few specific comments on how to implement the speech of the financial director's financial work conference call and the speech at the final meeting, and how to do a good job in the 2019 financial final accounts:
I. Key financial work in the next year In the past year, all levels of financial system organizations and financial personnel have conscientiously implemented national financial and economic regulations and policies, strictly followed accounting standards and systems, and actively implemented the company's financial accounting policies and systems. Focusing on the company's development strategy, the company has carried out a series of tasks with clear thinking and outstanding emphasis, and has continuously moved toward the overall goal of building a “first-class financial management system and operational mechanism, first-class financial management team”, and completed the production and operation for the company. The indicators have paid a lot of hard work and made positive contributions, which have been praised by the management at all levels of the company. Here, on behalf of the Finance Department, I would like to express my heartfelt gratitude to the leaders and financial staff of all levels who have supported us for a long time, and their families. I hope that the employees of our financial front will further unite, work together, and cooperate sincerely to build A first-class "dedication" to accelerate the modernization of the company's financial management work.
Further deepen the overall budget management, and actively study and establish a scientific financial budget model and mechanism. Since the last year, with the cooperation efforts of the professional departments and regional financial departments, the Finance Department has established "based on profit targets and based on market changes. With the budget model of business unit as the carrier, the budget mechanism for increasing production, increasing revenue, reducing costs and reducing expenses has been formulated, and the responsibilities, rights and interests at all levels in the three-level budget management system of headquarters, professional companies and regional companies have been clarified. Horizontal coordination of various functional departments. In order to give full play to the constraints and incentives of budget management, and to provide strong support for the company's production and operation, the Finance Department has prepared the implementation budget on a monthly basis since the beginning of the year. The company's efforts in budget management have further improved the company's budgeting system and operational mechanism, comprehensive budget management has been further deepened, budget constraints and incentive mechanisms have become more sophisticated, and the company's business objectives have been effectively guaranteed. However, we should also clearly see that there is still a big gap between our current work and the management level of large international companies and the requirements of company leaders. With the development of the company and the expansion of the business, we must make persistent efforts, pay close attention to research, establish a set of scientific financial budget models and mechanisms suitable for the company as soon as possible, give full play to the constraints and incentives of budget management, and make decisions for management. And provide strong support for the company to achieve effective management. In this work, we must pay attention to inheritance, we must pay more attention to innovation, we must rationalize our experience, we must discover the law through facts, emancipate our minds, change our concepts, be brave in practice, and challenge difficulties.
Actively and steadily promote the two lines of revenue and expenditure, gradually realize centralized management of funds in full, and continuously improve the current fund management system. In recent years, with the strong support of the company's management and relevant departments, under the close cooperation of companies in relevant regions, centralized management of funds The strength of the company has been further strengthened. The two lines of revenue and expenditure have been fully launched and operated smoothly in chemical sales enterprises and refining and chemical enterprises. The pilot work of the refining and sales system has also achieved initial results. These have made a useful attempt for us to fully realize the two lines of revenue and expenditure, and have gained a lot of valuable experience. In order to ensure the safe and smooth operation of the two lines of revenue and expenditure and steadily advance, the next step is to comprehensively sum up the experience of both sides, according to the director Wang on October 13 in the "full start of the refining sales system funds revenue and expenditure two The timetable proposed at the “Works on the Line” will further improve the current fund management operation mechanism and actively and steadily carry out the work. First, it is necessary to establish a sound management approach and a sound internal control mechanism, standardize business approvals and operational procedures, and form a management mechanism that combines internal control with external supervision to ensure the safety of funds. Second, on the basis of continuously summarizing the experience of the pilot units, combining the actual situation of the unit, scientific demonstration, and designing and optimizing the project according to local conditions, to ensure smooth flow of funds, safe and efficient operation. Third, we must continue to strengthen and consolidate the cooperative relationship with ICBC and further strengthen exchanges and cooperation with ICBC in line with the principle of "friendly consultation and common development". Fourth, we must give full play to the role of fund management in supporting and safeguarding the overall financial management of enterprises, prevent risks, focus on the total amount and process, and achieve effective control. The fifth is to strengthen the professional ethics and business quality education of fund managers, establish a correct view of power and career, continuously improve their business skills and risk awareness, and resolutely put an end to the occurrence of capital insecurity.
Further strengthen the centralized management of debts and increase the debt management work of the holding company. Since the listing, the joint-stock company has insisted on implementing centralized debt management and achieved great results. The balance of interest-bearing debts in the consolidated statements fell from the bottom of 144.4 billion yuan to the end of XX. 81.3 billion yuan, three years cumulative for the company to reduce financial costs of 20.481 billion yuan. As of the end of the third quarter of XX, the balance of interest-bearing debts of the company's consolidated statements was 71.8 billion yuan, a decrease of 9.5 billion yuan from the beginning of the year. Under the understanding and support of companies at all levels, the centralized debt management has increased the company's considerable economic benefits and has been repeatedly recognized by the company's management. However, there are still individual consolidated reporting units and some new holding companies that do not have a deep understanding of the policies governing the centralized management of debts of joint stock companies. In this regard, the joint-stock company has begun to refine the centralized management of the holding company's debt, to urge the holding company to establish risk and efficiency awareness, standardize operational procedures, clarify work responsibilities, and strengthen the management and supervision role of regional companies. All regional companies must conscientiously clean up the interest-bearing debts of the holding companies under their jurisdiction, especially the newly added consolidated holding companies, and actively play the management functions of the company at the same level, and closely cooperate with the headquarters of the company and the professional companies to jointly do the debts of the holding company. Centralized management work.
Continue to promote centralized financial accounting, ensure that centralized accounting work is completed as scheduled after the financial work conference call last year, regional companies based on reality, with the direct participation and strong support of leaders at all levels, with the joint efforts of the majority of financial personnel, active and steady, methodical The centralized accounting work has achieved good results. So far, all the refining and chemical enterprises affiliated to the joint stock company have fully realized the first-level centralized accounting, and the centralized accounting work of the oilfield enterprises has been basically completed. On October 10, the on-site summary meeting was held in Liaohe Oilfield. Two months ahead of schedule. Judging from the current operation of various units, the implementation and implementation of centralized accounting has greatly reduced the accounting entities of companies in various regions, shortened the financial reporting process, reduced the work intensity of financial personnel, and improved work efficiency. Moreover, the accounting work has been further standardized, the data has been unified, and the quality of information has been improved. The centralized accounting work has been unanimously recognized by the company. It can be said to be deeply rooted in the hearts of the people and won public opinion. The leaders of the group company and the management of the company have always attached great importance to and support for this work, and fully affirmed the staged results achieved, and also made clear requirements for the next step. In order to realize the tremendous changes in the company's financial management model, management methods and accounting processes, realize the sharing of accounting information, further improve and enhance the company's financial management methods, and provide modern accounting guarantees for the strategic goal of building an internationally competitive multinational enterprise group. It is hoped that the companies in various regions will make a comprehensive and systematic summary of the work in the previous stage, check and correct the mistakes, and constantly improve, laying a good foundation for the next step. In accordance with the established goals of centralized accounting, next year, it will be implemented in sales companies and other regional companies that have not yet achieved centralized accounting. Compared with refining and chemical and oil and gas field enterprises, sales enterprises have more special factors such as geographical dispersion, backward infrastructure, complicated business models, and uneven personnel quality. They may face more difficulties in the promotion of centralized accounting. This should be fully estimated and prepared. For regional companies that have not implemented centralized accounting, they must carefully study the successful experience of refining and chemical enterprises and oil and gas field enterprises, scientific research, multi-party verification, adhere to the optimization of business processes, adhere to the principle of investment efficiency, based on reality, overcome difficulties, and make careful decisions. Actively and steadily carry out work to ensure the steady progress of accounting centralized accounting, create conditions for centralized payment of value-added tax, improve the overall financial management level of the joint-stock company, and provide timely and accurate accounting information to leaders at all levels. Provide high-quality services to the company's production and operation decisions.
Strengthening the research of accounting system and further consolidating the basic work of accounting With the rapid development of China's economy and the gradual deepening of state-owned enterprise reform, the enterprise accounting system has made a series of major adjustments, and the progress of the issuance of accounting standards has also accelerated. In addition, the international companies such as Enron and WorldCom have successively launched financial scandals. International accounting standards and US accounting standards have also added some new clauses to increase the supervision of listed companies. In order to correctly understand and implement these standards and systems, evade the company's financial and operational risks, meet the needs of financial information disclosure, and meet the requirements of relevant government departments and regulatory agencies, the chief accountant of each regional company should attach great importance to the research work on the accounting system. The study and study accounting system should be taken as an important part of financial work. Through the organization of seminars, experience exchange meetings, business training courses and other forms, we will develop a good habit of studying and studying accounting systems in this unit, further consolidate the basic work of accounting, standardize accounting, and improve the authenticity and effectiveness of accounting information. In addition, we should actively cooperate with relevant state departments to participate in the formulation of accounting standards and systems. Recently, the Ministry of Finance officially approved the project of “Oil and Gas Accounting”, which was chaired by Gong Huazhang, chief accountant of the group company. This topic will provide services for China to develop oil and gas accounting standards. According to the instructions of the leaders, this work is specifically carried out by our company for basic research. It is hoped that the companies in various regions will actively cooperate with the finance department to jointly complete the research work of the project. Not long ago, the Ministry of Finance organized the first financial work inspection since the establishment of the joint-stock company, requiring the regional companies to conduct a more systematic summary of the financial work since the self-examination and mutual inspection. Judging from the preliminary situation of the inspection, most regional companies can strictly implement relevant national economic laws, accounting standards and systems, and can correctly understand and implement the financial management regulations and accounting policies of the company. However, there are also very few units that have insufficient research on the policy system, which is not well understood and has experienced deviations in its implementation. It is hoped that companies from all regions will be able to find out the weak links of their work through this inspection, further consolidate the basic work of accounting, and lay a solid foundation for the overall improvement of the overall financial management level.

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