2014 financial accounting work summary

Financial accounting work summary

I. Summary of financial accounting work in 2019

Go all out to complete the work of the Hongtu project and make due contributions to the successful listing of China Railway Group

In January 2007, China Railways Hongtu Project was officially launched. The overall financial system worked together, and all the staff and the whole process participated in the project. The tasks of each stage of the Hongtu project were completed on schedule, quality and efficiency.

First, strengthen organizational leadership and mobilization, and comprehensively launch the grand plan project. In order to ensure the orderly advancement of the Hongtu project and strengthen the organization and leadership of the work of the Hongtu project, the bureau and subsidiaries respectively set up the Hongtu Project Office, where the general manager is the director and the chief accountant is the deputy director, and organizes and arranges the overall macro project work. The bureau plans to set up five working groups of finance, land, business, law and comprehensive. Each group has its own functions, consistent pace, and close contact. According to the overall deployment of the head office of the company and the requirements of various work nodes, the team is fully arranged. Steadily promote the work of the macro project of our bureau.

The second is to complete the due diligence financial information reporting work. According to the arrangement of the head office, the preliminary work of the Hongtu project is to complete the due diligence. Among them, financial business due diligence is one of the main contents of due diligence. The overall financial unit of 47 units went all out to organize and write due diligence materials within one week. In the early morning of February 6th, 301 due diligence financial documents were completed, totaling more than 200 files, and they were sent to the legal due diligence information on the same day. Beijing.

The third is to complete the preparation and reporting of corporate interviews and intermediary survey forms. After the financial departments at all levels and other relevant departments worked together, on February 9th, seven overseas institutions including BOC International, JP Morgan Chase, UBS, Ouhua, Jiayuan, Lida, and Kevin completed the organization of the China Railway Fourth Bureau. The preparation of the structure, historical evolution, business performance, internal control, and strategic planning interview materials; on the evening of February 10, the financial department of the bureau was all night, and completed 34 “accounting units” on time in the early morning of February 11 The span is from 2004 to 2006 and the forecast time span of a few projects is from 2007 to 2019. The breakdown of 150 detailed audits, asset assessments, property and land surveys for the nine categories of nine projects; completed on February 28 as scheduled The report on the actuarial assessment of retirement, laid-off, and retired personnel was completed; on March 5, the non-operating asset data was reported.

The fourth is to complete the equity confirmation and acquisition work. China Railway Engineering is listed on the domestic and overseas markets, and its employee shares must be properly resolved. Otherwise, it will bring a series of policy obstacles to the listing work. The head office decided to acquire the employee shares of China Railway Fourth Group Co., Ltd., and the employee shares of each subsidiary. China Railway Fourth Bureau acquired. The financial departments of all units and the employee stock ownership associations closely cooperated to complete the investigation of the overall employee stock holdings on March 7th; on March 8th, the investigation of the shareholding and equity income of the two-level shareholding associations from 2000 to 2006 was completed. On March 22, the employee shareholding confirmation was completed; on April 30, the acquisition of the shareholding of the employee stock ownership was completed as scheduled; on June 8, the equity acquisition of the cross-shareholding of the subsidiary was completed as scheduled.

The fifth is to complete land confirmation and permit work. The confirmation of the right to land and real estate will affect the quality and progress of the overall listing of China Railway. Due to historical reasons, there are many problems in land and property. Unlicensed land, unlicensed real estate, inconsistent names and illegal buildings, and the cost of building land and building workers are not uncommon. These problems have brought great obstacles to the listing work. The financial departments at all levels cooperated with the land group to actively communicate with the intermediary organizations such as Huaxia and Ximen Property in the Mainland, and repeatedly went to the government departments of Anhui Province, Hefei Municipal Bureau of Land and Resources, Xiangfan City Land and Resources Bureau, Beijing Municipal Bureau of Land and Resources, and Huangshan Municipal Bureau of Land and Resources. The competent authorities reported and communicated, speeding up the initial review of land, real estate licenses and listed land. After hard work, it was finally determined that 144 listed land, with an area of ​​1.88 million M2, authorized to operate 20 cases of 420,000 M2, 314 land properties, with an area of ​​280,000 M2.

Sixth, the completion of corporate restructuring and pre-reform work. The acquisition of cross-shareholdings between employee shares and subsidiaries, China Railway Fourth Bureau Group Co., Ltd. and its subsidiaries were changed from the original binary or multi-shareholders to one-person shareholders, and the change in shareholding structure required the registration of industrial and commercial changes. The financial departments of legal entities at all levels provided property rights certificates, property rights changes, and historical accounting reports, and cooperated with relevant departments to smoothly handle the registration and registration of the “Enterprise Legal Person Business License” of the Bureau and the third-level enterprises on April 30.

Seventh, combined with internal control degree audit, improve internal control degree construction, and do a good job of internal control degree defect rectification work. First, actively respond to the testing of the internal accounting control system at the process level. The financial institutions at all levels actively communicated and exchanged with relevant personnel of Deloitte's office, understood the contents, methods, procedures, and schedules of internal control tests, and organized the self-examination and self-correction of internal accounting controls in a timely manner. The financial department of the bureau also targeted financial management. In the existing problems, the “Notice on Strengthening the Internal Accounting Control of Fixed Assets Management, Financial Closing and Reporting, etc.” was issued, and the “List of Related Parties within the head office” was issued, and the internal transactions were centralized and cleared. A large number of intricate internal economic disputes. In the internal control degree test, all units carefully organized and actively responded, and achieved good results. The internal accounting control system test of the bureau passed smoothly. Second, assist in the correction and rectification of the control system at the company level. In the internal control test of our company, Deloitte found 12 defects. These 12 defects mainly involved in areas other than financial accounting. However, the overall financial system obeyed the overall situation and actively provided information to relevant departments to assist other departments to contact with intermediaries. Communication and interpretation have created a favorable environment for the improvement of the control level and testing work at the company level. Third, compare the defects discovered by the intermediary agencies in the internal control test of the head office and other brothers' offices for self-inspection and rectification. In the internal control test of the head office and other fraternal bureaus, the intermediary found 172 defects in the “company”, “process” and “other” levels. The bureau’s plan was to prevent the Deloitte audit team from targeting the 172 internal control defects. The four bureaus carried out the test. Under the guidance of the bureau's Hongtu Office, the financial institutions at all levels and other relevant business departments sorted out, analyzed, compared and rectified the 172 internal control defects one by one, ensuring the smooth passage of the entire internal control test.

Eight is to go all out to complete the main work of the Acer project - asset evaluation and intermediary audit work. The information finally disclosed by the Hongtu project is the financial report for each accounting period, so the macro project asset evaluation and auditing is the main work of the entire grand project. After nearly one year of hard work, the objectives of the various stages of the listing audit were completed: the financial audit of 2004-2006 was completed on schedule on June 20; the 6.30 property check was completed on July 5; the internal control was completed on schedule on July 6. Rectification test; completed asset assessment on July 30; completed profit forecast for 2007 on August 10; completed 6.30 financial audit for 2006 and 2007 on schedule on August 17, and completed 2006 and 2007 on November 20 Annual 9.30 financial audit. At this point, the main work of the grand plan project has been basically completed. On December 3, China Railway A shares were successfully listed; on December 7, China Railway H shares Hong Kong was successfully listed.

In the process of promoting the implementation of the Hongtu project, the overall financial system has carried forward the spirit of dedication that is not afraid of suffering, not afraid of being tired, not speaking conditions, and not paying. In order to plan the project, the overall financial system, especially the financial department of the bureau and the financial staff of each sub-branch, almost sacrificed all the holidays, the nights and nights, and even went all the way to work; in order to make a big effort, they left home and unknowingly put into work. It has made outstanding contributions to the successful listing of China Railway A shares and H shares. According to preliminary statistics, the financial audit materials completed by the Hongtu project are thousands of volumes and the electronic documents are 10 Gigabytes. Therefore, the successful implementation of the Hongtu project embodies the hard work and selfless dedication of all the financial staff of the four bureaus.

Prepare for the rain, carefully organize, and meet the audit of the National Audit Office Railway Project

In 2007, the National Audit Office organized a project audit of 26 railways and 5 World Bank ADB loan projects of the Ministry of Railways. The audit was long, demanding, and large-scale. The scope of the audit was very extensive, covering the investment scale control of railway construction projects, project bidding, project land acquisition and demolition, equipment material procurement management, project quality management, cost construction, and contractor project management. Nine aspects of railway construction fund management and railway construction project investment benefits. The quality of the audit results will affect the transformation of the railway investment and financing system, and the development of the railway market will also directly affect the vital interests of the bureau, affecting the image and status of the bureau in the railway market. This audit involves 26 projects of 17 railways in our bureau. Among them, there are 23 key railway projects and 3 road project extension projects.

In order to do a good job in auditing the railway project, under the unified coordination organization of the Audit Department of the Bureau, the Finance Department of the Bureau closely cooperated with the three financial directors, including Ke Junling, Xu Chao and Ren Xi, and stayed at the scene for 6 months. To guide the audit work of the projects such as the Huaihuai Line, the size of Wuguang, and the Yiwan Line; the chief accountant of each unit and the heads of the financial departments at all levels are also responsible for the heavy tasks of the Hongtu project, and also in-depth guidance on the audited projects to rectify the financial accounting materials. Supplement and improve related procedures. After unremitting efforts, the audit of the railway project was successfully completed, and the overall loss of the audited project was less than that of other brothers. The Ministry of Railways fully realized the “guarantee that no major violations will be made, that no cases will occur, that no violations will occur, and that no media will occur”. The work goal of "hype" has defended the overall image and market reputation of the company.

Further deepen the reform of the financial management system and implement comprehensive financial budget management

The first is to scientifically prepare and strictly implement the 2007 financial budget to ensure that the overall financial revenue and expenditure activities are within the scope of financial budget control. In 2007, each unit carefully analyzed the implementation of the 2006 financial budget, and compiled the 2007 financial budget based on the 2007 marketing and production plan and the 2007 financial target. All units have decomposed and implemented the 2007 financial budget indicators step by step to ensure that all economic activities are carried out within the budget, and all kinds of budget-free and over-budgetary expenditures are strictly prohibited. According to the results of the 2007 financial statements, all units basically completed the financial budget for 2007, and fully completed the financial indicators issued by the company.

The second is to strictly control non-productive capital expenditures. In order to strengthen the management of the overall non-productive capital expenditure, the bureau issued the “Notice on the Approval of Non-productive Capital Expenditure Projects”. It has effectively improved the single and one-sided status quo of the capital expenditure management model, and more scientifically and reasonably controlled the scale of capital expenditures; at the same time, further deepened and refined the management of funds. The bureau has strengthened the review of the annual budget of each unit, and approved the annual funding plan for production management fees, management and management expenses, employee education funds, social functional units and newly established industrial indicators, using the zero-based budget model.

The third is to formulate and issue the Interim Measures for the Management of the Financial Budget of the China Railway Fourth Group Group to further deepen the reform of the financial management mechanism. The implementation of comprehensive financial budget management is a requirement for adapting to the modern enterprise system. It is also the basic management requirement for China Railway after listing, and it is also an important management tool for scientific planning and rational organization of financial revenue and expenditure. In December 2007, the Bureau issued the Interim Measures for the Administration of Financial Budget Management of the China Railway Fourth Group, the organization and responsibilities of the financial budget preparation; the contents of the financial budget; the preparation, validation and approval of the financial budget; and the implementation of the financial budget; The financial budget monitoring, early warning, auditing; financial budget assessment, etc. have made detailed provisions. Through the implementation of comprehensive financial budget management, all member units are scientifically planning financial targets such as income, cost, expenses, profits and capital revenue and expenditure in 2008.

Transforming the mechanism and starting to rectify the internal economic order

For the construction projects jointly constructed by some two or more subsidiaries, the bureau entrusts a certain subsidiary to establish a command or project manager department in the name of the bureau for management. However, in the actual operation process, the subsidiaries are in the measurement payment and fund allocation, In terms of cost commitment, there are many and large differences, resulting in distortion of financial accounting information and chaotic economic order. Therefore, the Ministry of Finance issued the "Several Provisions on the Management of the Project Managed by the Subsidiary of the Subsidiary of the Bureau", which will exercise the financial affairs of the escrow project, such as the valuation of the labor inspection, the allocation of funds, and the commitment of the expenses, and will be able to Projects such as Zhangji were piloted as the first batch of execution units, which opened the prelude to the internal economic order.

Strengthen financial supervision and supervise the capital operation results and asset quality of subsidiaries

1. Organize research on the financial status of the branch. In order to understand the operating results and financial status of the newly established branch assets, the Finance Department of the Bureau, together with the Audit Department, formed a research group under the situation of the Hongtu project and the railway audit work, from July to August to Beijing, Shanghai, Tianjin, and Third, Chongqing, Xi'an and Guangzhou, mechanical engineering, overseas and other 9 branches conducted research, and gained a deeper understanding of the financial status of the above nine branches' assets, financial status, operating results, cash flow, etc. The personnel composition, income, and enterprise management have been comprehensively understood, and the decision-making basis for the main leaders of the bureau to adjust the marketing and production management policies of the branch companies.

2. Carry out financial law enforcement supervision of engineering projects. As the scale of production and operation of the bureau continues to grow, it is particularly important to strengthen financial monitoring of projects and prevent financial risks. In order to further standardize the financial management of the project, maintain the sustainable and stable development of the company, and prevent all kinds of unhealthy practices and corruption, the Finance Department and the Supervision Department of the Bureau began to carry out the special project of financial management of the project in the overall scope since March 2007. Supervision mainly includes 12 aspects such as monetary fund management, accounting institution setting and accounting personnel management, labor force management and accounting. One company, two companies, four companies and other units attached great importance. The inspection team composed of the finance department and the discipline inspection and supervision department began self-examination and self-correction activities in the first quarter of 2007, and timely rectified the problems found. From September 15 to 25, 2007, the Financial Management Law Enforcement Monitoring Team of the Bureau of Engineering conducted law enforcement inspections on 9 projects including 7 units including Zhangji, Taizhongyin, Chidabai and Shenyang MRT; November 22~26 Law enforcement inspection of Shanghai MRT Line M7 and Shanghai Chongming Island Cross-river Passage Project; from November 29th to December 3rd, law enforcement inspections were carried out on projects such as Heining Railway, Hening Expressway, Hefei Hub and Jinzhai Road Viaduct. The supervision exposed many problems in the financial management of the project. The monitoring team timely corrected the problems in the financial management of the project and ordered the rectification within a time limit. Through law enforcement supervision, it effectively promoted the standardization of the project economic behavior. legalization.

3. Organized the financial statement analysis meeting of the subsidiary company. In order to fully understand the financial status and operating results of each sub-branch, from October 30th to November 21st, the Finance Department of the Bureau organized a total of 20 subsidiaries to conduct one-on-one financial settlement analysis meeting. At the meeting, the main leaders of all units and related business departments reported to the bureau on the financial status and operating results as of September 30, 2007. The heads of the chief accountant, finance department, capital department, and audit department of the unit were responsible for the financial status and assets of each unit. The quality has been deeply analyzed, and how to strengthen financial management and communication with the main leaders of various units, and the 2008 financial management work ideas have been publicized. All units attach great importance to the analysis of this financial settlement. One company, two companies, six companies, Nanchang Electromechanical Co., Ltd. and other units have detailed and thorough analysis, and are not afraid of “Lu Fu’s ugly”, so that the bureau has a more comprehensive understanding of the financial status of each unit. As well as the main problems and contradictions, it laid the foundation for the next step of adjusting financial policies and unified accounting system.

4. Participate in the audit and supervision of subsidiaries. In 2007, the Finance Department of the Bureau sent personnel to participate in the audit work of the company, the electrification company, the Nanjing branch, the Shanghai branch, and participated in the audit investigation of the original Nanjing branch Suqian highway project, further strengthening the financial Supervise functions and increase supervision over the quality of subsidiaries' assets.

Do a good job in tax planning and play a tax-saving and tax avoidance effect

In 2007, the Ministry of Finance actively communicated and contacted the relevant tax authorities of the provinces and municipalities, handled the 2006 corporate income tax remittance and liquidation, and obtained the preferential policy of the three-month tax payment in 2006. One company, four companies, and electrification companies paid attention to the study and study of taxation policies, actively applied for income tax reduction and exemption for natural disasters, and actively exerted tax benefits.

Strengthen fund management and increase the withdrawal of project funds

In 2007, the sixth year of the "double-clearing" work of the bureau, the units under the unified arrangement of the "double-clear" office of the bureau, the clearing of the collection and payment of arrears as an important task of the Group's operation and management, The organization has not been withdrawn, the personnel are not scattered, and the strength is not reduced. In 2007, a company established the Asset Management Department; the Steel Structure Company and the Bairuide Company established the Clearance Office, and the Qing Attendance Agency was further enriched. All units closely focus on the work objectives of strengthening basic work, establishing a long-term mechanism, and improving asset quality, and intensifying efforts to clear foreign debts. By the end of 2007, the overall amount of external arrears formed before 2005 was recovered by 140.41 million yuan, and the recovery rate was 77%. The amount of external arrears formed in 2006 was 1,27,051,000 yuan, and the recovery rate was 88%. The total amount of outstanding debts decreased by 20.72% compared with the previous year. Completed the annual target task assigned by the head office. At the same time, the project focused on the clearing of the project is progressing smoothly. The Bureau of the Heilongjiang Railway, the construction company Baoji Junli Square, the No. 9 mark of the company's Zhixin Highway and the No. 2 road marking, the No. 4 of the Xinjiu Highway, the second company Changsha Ring Road, Gaoyou Huang The arrears of a large number of key and difficult projects such as the Duqiao Bridge, the Chengdu Tianfu Tunnel, the Shixiang Road in Hangzhou, and the Tianjin Haibin Avenue of the Fourth Company were all completed in 2007. The major arrears of the company’s history were basically solved and the fruit was obtained. The result of the battle.

Accelerate the construction of financial information

In 2007, the bureau issued the "Notice on Further Accelerating the Relevant Requirements for the Construction of Financial Information System", comprehensively promoted the financial information system of China Railway Engineering, unified accounting subjects, construction projects and institutional codes; opened 100 mega-city fiber, built An independent security firewall was established, and a secure and reliable database backup system was established. A system maintenance training course and a second-phase training course were held, and nearly 50 system administrators were trained for each unit. In 2007, the global account was basically realized. Through the processing of the information system, the “China Railway Fourth Bureau Group Financial Information System Construction Promotion Plan” was completed half a year ahead of schedule, and the financial monitoring methods of the bureau and subsidiaries were strengthened.

In order to meet the requirements of enterprise accounting work for restructuring and listing, we must strengthen personnel training and training, and further improve the ability and comprehensive quality of accounting personnel.

In February 2006, the Ministry of Finance promulgated a new "Enterprise Accounting Standards" system, which was required to be implemented in listed companies from January 1, 2007. After the successful listing of the head office, all units are required to complete the transition from the "Enterprise Accounting System" to the "Accounting Standards for Business Enterprises" starting from January 1, 2007 in the fourth quarter of 2007. The Finance Department of the Bureau hired professors from East China Jiaotong University, Shijiazhuang Railway Institute and Deloitte Certified Public Accountants to hold three training courses on new standards, and conducted 500 training sessions and new standard application exercises for global accountants, and achieved good results. Based on the new guidelines, the Finance Department of the Bureau has formulated a comprehensive "Enterprise Accounting Chart" and "Management Expenses List", issued the file such as the accounting transfer account connection method, and smoothly realized the smooth transition of the old and new standards.

Further improve the internal accounting control system and improve financial management capabilities

First, the “Notice on Further Strengthening the Internal Accounting Control System for Fixed Assets Management, Financial Closing and Reporting” was formulated. To further strengthen the fixed assets acquisition, daily management, follow-up measurement, asset impairment test, fixed assets disposal and other work to put forward specific requirements; proposed financial rectification and reporting issues, and further improved the internal accounting control system.

The second is to regulate the behavior of asset assessment, promote the orderly transfer of state-owned property rights of enterprises, and promulgated the “Measures for the Administration of Assets Evaluation of China Railway Fourth Group”. The method clarified the behaviors required for asset evaluation, asset evaluation procedures, evaluation of intermediary selection, asset approval behavior approval and filing, etc., effectively regulating the overall asset assessment behavior and property rights transactions.

The third is to regulate the long-term investment behavior of China Railway Fourth Bureau, strengthen long-term investment supervision, ensure the safety and integrity of long-term investment assets, safeguard the rights and interests of funders, and promulgated the “Measures for Long-term Investment Management of China Railway Fourth Group Co., Ltd.”. The measures stipulate the content of long-term investment review, approval, implementation, supervision, disposal, evaluation and other aspects, effectively promote the standardized management of long-term investment, and improve the institutionalized guarantee of long-term investment returns.

In short, 2007 is a very extraordinary year for the overall financial system. It is a year of the history of the financial development of the four bureaus. It has successfully completed the bureau's Hongtu project, railway project audit, financial relationship adjustment, clearing, and engineering projects. The financial supervision, the establishment and improvement of the financial system and other work tasks have made due contributions to the overall production management.

Financial accounting work summary

I have been unknowingly joined the **** family for a year, and the time is short and short. But this time gave me the feeling of very kind, friendly leadership, kind colleagues, very warm, warm working environment, warm working atmosphere. The bits and pieces that have happened in the past year have made me always relish and often miss. During this time of ****, I not only met so many good colleagues, but also learned a lot of things. I used to know a little about the real estate, and I can help the sales staff to sign. Ordering a house contract is a big gain for me. In the beautiful moment of the coming of the new year, I have made a summary of my work in the past year. I have a proud work record and a lack of work shortcomings. I also hope that through summing up, I have a correct understanding of myself. Also ask the leader, my colleagues to supervise my work. As a financial staff member, a cashier, I am very aware of my job responsibilities, and I am strictly implementing it as such.

1. Strictly implement the inventory cash limit and deposit the excess portion into the bank on time. Review the cash receipts and receipts and log in to the cash journals on a daily basis.

2. Strictly guarantee the safety of cash and prevent payment errors. Both the income and the cash and cheques are double-checked by me and the director to ensure accuracy.

3, adhere to the daily inventory of cash, to achieve the date of the day. In this way, the problem will not be left to the next day, found in time, and corrected in time. Strictly abide by the bank settlement discipline, and make sure that the bills taken to the bank are correct and the seals are clear.

4. Strictly review bank settlement vouchers and handle bank transactions. Cheques handed over to the business unit, when receiving the check, carefully review the amount, date, seal of the check, and then correctly fill out the bank receipt. Adhere to the daily manual registration of "bank deposit journals".

5. Keep abreast of bank deposit balances and do not issue short checks. Keep cash, receipts, safe passwords, seals, checks, etc. Keep the payment receipts properly, and fill out the voucher delivery form at the end of the month and pass it on to the group company in charge of finance. For this fast daily work, I have not made any mistakes since I started my own work. I think this should be worthy of pride.

6. Prepare the monthly salary report. At the end of the month, summarize the attendance of each department in the month and ask if there is any change in the salary of the general manager of the month. Then, according to the preparation of the salary report, the preparation is completed and submitted to the director for review. After the review is correct, it is handed over to Li. The total signature is confirmed. Finally, in the process of paying wages, I have done it carefully and without mistakes. At this point, I have made some mistakes. Although it has been corrected in time, it is also a place that I should be vigilant and need to correct.

7. I still have a piece of work that has a certain relationship with the real estate business. I went to the group company to ask the media and related business units for payment. When Li Zonggang handed me the job, I did not associate it with the business. However, after the colleagues of the Guangxuan Department filled out the documents and the payment slips, I blindly got the group. The company, once the accountant asked me about the relevant issues, I was asked three questions, so I had to come back and ask the colleagues of the Guangxuan Department, which was a waste of time and left a bad impression. After the guidance of the director and colleagues from the Guangxuan Department, I gradually got to know about the real estate publicity. Later, I went to apply for the money, and it went a lot, and it saved a lot of time. Moreover, I will request this work to be meticulously detailed, to be well documented and to facilitate year-end statistics.

Of course, the work of one year must be written in words, which is definitely not perfect. In particular, it is to do some daily affairs, and it involves some confidentiality system, so I will summarize it here. Where there is room for improvement, please give guidance to the leaders and colleagues, and strive to make the work more detailed and perfect in the new year. Finally, I wish you all the leaders, all of you colleagues happy New Year!

Financial accounting work summary

I. Summary of financial accounting work in 2007

Go all out to complete the work of the Hongtu project and make due contributions to the successful listing of China Railway Group

In January 2007, China Railways Hongtu Project was officially launched. The overall financial system worked together, and all the staff and the whole process participated in the project. The tasks of each stage of the Hongtu project were completed on schedule, quality and efficiency.

First, strengthen organizational leadership and mobilization, and comprehensively launch the grand plan project. In order to ensure the orderly advancement of the Hongtu project and strengthen the organization and leadership of the work of the Hongtu project, the bureau and subsidiaries respectively set up the Hongtu Project Office, where the general manager is the director and the chief accountant is the deputy director, and organizes and arranges the overall macro project work. The bureau plans to set up five working groups of finance, land, business, law and comprehensive. Each group has its own functions, consistent pace, and close contact. According to the overall deployment of the head office of the company and the requirements of various work nodes, the team is fully arranged. Steadily promote the work of the macro project of our bureau.

The second is to complete the due diligence financial information reporting work. According to the arrangement of the head office, the preliminary work of the Hongtu project is to complete the due diligence. Among them, financial business due diligence is one of the main contents of due diligence. The overall financial unit of 47 units went all out to organize and write due diligence materials within one week. In the early morning of February 6th, 301 due diligence financial documents were completed, totaling more than 200 files, and they were sent to the legal due diligence information on the same day. Beijing.

The third is to complete the preparation and reporting of corporate interviews and intermediary survey forms. After the financial departments at all levels and other relevant departments worked together, on February 9th, seven overseas institutions including BOC International, JP Morgan Chase, UBS, Ouhua, Jiayuan, Lida, and Kevin completed the organization of the China Railway Fourth Bureau. The preparation of the structure, historical evolution, business performance, internal control, and strategic planning interview materials; on the evening of February 10, the financial department of the bureau was all night, and completed 34 “accounting units” on time in the early morning of February 11 The span is from 2004 to 2006 and the forecast time span of a few projects is from 2007 to 2019. The breakdown of 150 detailed audits, asset assessments, property and land surveys for the nine categories of nine projects; completed on February 28 as scheduled The report on the actuarial assessment of retirement, laid-off, and retired personnel was completed; on March 5, the non-operating asset data was reported.

The fourth is to complete the equity confirmation and acquisition work. China Railway Engineering is listed on the domestic and overseas markets, and its employee shares must be properly resolved. Otherwise, it will bring a series of policy obstacles to the listing work. The head office decided to acquire the employee shares of China Railway Fourth Group Co., Ltd., and the employee shares of each subsidiary. China Railway Fourth Bureau acquired. The financial departments of all units and the employee stock ownership associations closely cooperated to complete the investigation of the overall employee stock holdings on March 7th; on March 8th, the investigation of the shareholding and equity income of the two-level shareholding associations from 2000 to 2006 was completed. On March 22, the employee shareholding confirmation was completed; on April 30, the acquisition of the shareholding of the employee stock ownership was completed as scheduled; on June 8, the equity acquisition of the cross-shareholding of the subsidiary was completed as scheduled.

The fifth is to complete land confirmation and permit work. The confirmation of the right to land and real estate will affect the quality and progress of the overall listing of China Railway. Due to historical reasons, there are many problems in land and property. Unlicensed land, unlicensed real estate, inconsistent names and illegal buildings, and the cost of building land and building workers are not uncommon. These problems have brought great obstacles to the listing work. The financial departments at all levels cooperated with the land group to actively communicate with the intermediary organizations such as Huaxia and Ximen Property in the Mainland, and repeatedly went to the government departments of Anhui Province, Hefei Municipal Bureau of Land and Resources, Xiangfan City Land and Resources Bureau, Beijing Municipal Bureau of Land and Resources, and Huangshan Municipal Bureau of Land and Resources. The competent authorities reported and communicated, speeding up the initial review of land, real estate licenses and listed land. After hard work, it was finally determined that 144 listed land, with an area of ​​1.88 million M2, authorized to operate 20 cases of 420,000 M2, 314 land properties, with an area of ​​280,000 M2.

Sixth, the completion of corporate restructuring and pre-reform work. The acquisition of cross-shareholdings between employee shares and subsidiaries, China Railway Fourth Bureau Group Co., Ltd. and its subsidiaries were changed from the original binary or multi-shareholders to one-person shareholders, and the change in shareholding structure required the registration of industrial and commercial changes. The financial departments of legal entities at all levels provided property rights certificates, property rights changes, and historical accounting reports, and cooperated with relevant departments to smoothly handle the registration and registration of the “Enterprise Legal Person Business License” of the Bureau and the third-level enterprises on April 30.

Seventh, combined with internal control degree audit, improve internal control degree construction, and do a good job of internal control degree defect rectification work. First, actively respond to the testing of the internal accounting control system at the process level. The financial institutions at all levels actively communicated and exchanged with relevant personnel of Deloitte's office, understood the contents, methods, procedures, and schedules of internal control tests, and organized the self-examination and self-correction of internal accounting controls in a timely manner. The financial department of the bureau also targeted financial management. In the existing problems, the “Notice on Strengthening the Internal Accounting Control of Fixed Assets Management, Financial Closing and Reporting, etc.” was issued, and the “List of Related Parties within the head office” was issued, and the internal transactions were centralized and cleared. A large number of intricate internal economic disputes. In the internal control degree test, all units carefully organized and actively responded, and achieved good results. The internal accounting control system test of the bureau passed smoothly. Second, assist in the correction and rectification of the control system at the company level. In the internal control test of our company, Deloitte found 12 defects. These 12 defects mainly involved in areas other than financial accounting. However, the overall financial system obeyed the overall situation and actively provided information to relevant departments to assist other departments to contact with intermediaries. Communication and interpretation have created a favorable environment for the improvement of the control level and testing work at the company level. Third, compare the defects discovered by the intermediary agencies in the internal control test of the head office and other brothers' offices for self-inspection and rectification. In the internal control test of the head office and other fraternal bureaus, the intermediary found 172 defects in the “company”, “process” and “other” levels. The bureau’s plan was to prevent the Deloitte audit team from targeting the 172 internal control defects. The four bureaus carried out the test. Under the guidance of the bureau's Hongtu Office, the financial institutions at all levels and other relevant business departments sorted out, analyzed, compared and rectified the 172 internal control defects one by one, ensuring the smooth passage of the entire internal control test.

Eight is to go all out to complete the main work of the Acer project - asset evaluation and intermediary audit work. The information finally disclosed by the Hongtu project is the financial report for each accounting period, so the macro project asset evaluation and auditing is the main work of the entire grand project. After nearly one year of hard work, the objectives of the various stages of the listing audit were completed: the financial audit of 2004-2006 was completed on schedule on June 20; the 6.30 property check was completed on July 5; the internal control was completed on schedule on July 6. Rectification test; completed asset assessment on July 30; completed profit forecast for 2007 on August 10; completed 6.30 financial audit for 2006 and 2007 on schedule on August 17, and completed 2006 and 2007 on November 20 Annual 9.30 financial audit. At this point, the main work of the grand plan project has been basically completed. On December 3, China Railway A shares were successfully listed; on December 7, China Railway H shares Hong Kong was successfully listed.

In the process of promoting the implementation of the Hongtu project, the overall financial system has carried forward the spirit of dedication that is not afraid of suffering, not afraid of being tired, not speaking conditions, and not paying. In order to plan the project, the overall financial system, especially the financial department of the bureau and the financial staff of each sub-branch, almost sacrificed all the holidays, the nights and nights, and even went all the way to work; in order to make a big effort, they left home and unknowingly put into work. It has made outstanding contributions to the successful listing of China Railway A shares and H shares. According to preliminary statistics, the financial audit materials completed by the Hongtu project are thousands of volumes and the electronic documents are 10 Gigabytes. Therefore, the successful implementation of the Hongtu project embodies the hard work and selfless dedication of all the financial staff of the four bureaus.

Prepare for the rain, carefully organize, and meet the audit of the National Audit Office Railway Project

In 2007, the National Audit Office organized a project audit of 26 railways and 5 World Bank ADB loan projects of the Ministry of Railways. The audit was long, demanding, and large-scale. The scope of the audit was very extensive, covering the investment scale control of railway construction projects, project bidding, project land acquisition and demolition, equipment material procurement management, project quality management, cost construction, and contractor project management. Nine aspects of railway construction fund management and railway construction project investment benefits. The quality of the audit results will affect the transformation of the railway investment and financing system, and the development of the railway market will also directly affect the vital interests of the bureau, affecting the image and status of the bureau in the railway market. This audit involves 26 projects of 17 railways in our bureau. Among them, there are 23 key railway projects and 3 road project extension projects.

In order to do a good job in auditing the railway project, under the unified coordination organization of the Audit Department of the Bureau, the Finance Department of the Bureau closely cooperated with the three financial directors, including Ke Junling, Xu Chao and Ren Xi, and stayed at the scene for 6 months. To guide the audit work of the projects such as the Huaihuai Line, the size of Wuguang, and the Yiwan Line; the chief accountant of each unit and the heads of the financial departments at all levels are also responsible for the heavy tasks of the Hongtu project, and also in-depth guidance on the audited projects to rectify the financial accounting materials. Supplement and improve related procedures. After unremitting efforts, the audit of the railway project was successfully completed, and the overall loss of the audited project was less than that of other brothers. The Ministry of Railways fully realized the “guarantee that no major violations will be made, that no cases will occur, that no violations will occur, and that no media will occur”. The work goal of "hype" has defended the overall image and market reputation of the company.

Further deepen the reform of the financial management system and implement comprehensive financial budget management

The first is to scientifically prepare and strictly implement the 2007 financial budget to ensure that the overall financial revenue and expenditure activities are within the scope of financial budget control. In 2007, each unit carefully analyzed the implementation of the 2006 financial budget, and compiled the 2007 financial budget based on the 2007 marketing and production plan and the 2007 financial target. All units have decomposed and implemented the 2007 financial budget indicators step by step to ensure that all economic activities are carried out within the budget, and all kinds of budget-free and over-budgetary expenditures are strictly prohibited. According to the results of the 2007 financial statements, all units basically completed the financial budget for 2007, and fully completed the financial indicators issued by the company.

The second is to strictly control non-productive capital expenditures. In order to strengthen the management of the overall non-productive capital expenditure, the bureau issued the “Notice on the Approval of Non-productive Capital Expenditure Projects”. It has effectively improved the single and one-sided status quo of the capital expenditure management model, and more scientifically and reasonably controlled the scale of capital expenditures; at the same time, further deepened and refined the management of funds. The bureau has strengthened the review of the annual budget of each unit, and approved the annual funding plan for production management fees, management and management expenses, employee education funds, social functional units and newly established industrial indicators, using the zero-based budget model.

The third is to formulate and issue the Interim Measures for the Management of the Financial Budget of the China Railway Fourth Group Group to further deepen the reform of the financial management mechanism. The implementation of comprehensive financial budget management is a requirement for adapting to the modern enterprise system. It is also the basic management requirement for China Railway after listing, and it is also an important management tool for scientific planning and rational organization of financial revenue and expenditure. In December 2007, the Bureau issued the Interim Measures for the Administration of Financial Budget Management of the China Railway Fourth Group, the organization and responsibilities of the financial budget preparation; the contents of the financial budget; the preparation, validation and approval of the financial budget; and the implementation of the financial budget; The financial budget monitoring, early warning, auditing; financial budget assessment, etc. have made detailed provisions. Through the implementation of comprehensive financial budget management, all member units are scientifically planning financial targets such as income, cost, expenses, profits and capital revenue and expenditure in 2008.

Transforming the mechanism and starting to rectify the internal economic order

For the construction projects jointly constructed by some two or more subsidiaries, the bureau entrusts a certain subsidiary to establish a command or project manager department in the name of the bureau for management. However, in the actual operation process, the subsidiaries are in the measurement payment and fund allocation, In terms of cost commitment, there are many and large differences, resulting in distortion of financial accounting information and chaotic economic order. Therefore, the Ministry of Finance issued the "Several Provisions on the Management of the Project Managed by the Subsidiary of the Subsidiary of the Bureau", which will exercise the financial affairs of the escrow project, such as the valuation of the labor inspection, the allocation of funds, and the commitment of the expenses, and will be able to Projects such as Zhangji were piloted as the first batch of execution units, which opened the prelude to the internal economic order.

Strengthen financial supervision and supervise the capital operation results and asset quality of subsidiaries

1. Organize research on the financial status of the branch. In order to understand the operating results and financial status of the newly established branch assets, the Finance Department of the Bureau, together with the Audit Department, formed a research group under the situation of the Hongtu project and the railway audit work, from July to August to Beijing, Shanghai, Tianjin, and Third, Chongqing, Xi'an and Guangzhou, mechanical engineering, overseas and other 9 branches conducted research, and gained a deeper understanding of the financial status of the above nine branches' assets, financial status, operating results, cash flow, etc. The personnel composition, income, and enterprise management have been comprehensively understood, and the decision-making basis for the main leaders of the bureau to adjust the marketing and production management policies of the branch companies.

2. Carry out financial law enforcement supervision of engineering projects. As the scale of production and operation of the bureau continues to grow, it is particularly important to strengthen financial monitoring of projects and prevent financial risks. In order to further standardize the financial management of the project, maintain the sustainable and stable development of the company, and prevent all kinds of unhealthy practices and corruption, the Finance Department and the Supervision Department of the Bureau began to carry out the special project of financial management of the project in the overall scope since March 2007. Supervision mainly includes 12 aspects such as monetary fund management, accounting institution setting and accounting personnel management, labor force management and accounting. One company, two companies, four companies and other units attached great importance. The inspection team composed of the finance department and the discipline inspection and supervision department began self-examination and self-correction activities in the first quarter of 2007, and timely rectified the problems found. From September 15 to 25, 2007, the Financial Management Law Enforcement Monitoring Team of the Bureau of Engineering conducted law enforcement inspections on 9 projects including 7 units including Zhangji, Taizhongyin, Chidabai and Shenyang MRT; November 22~26 Law enforcement inspection of Shanghai MRT Line M7 and Shanghai Chongming Island Cross-river Passage Project; from November 29th to December 3rd, law enforcement inspections were carried out on projects such as Heining Railway, Hening Expressway, Hefei Hub and Jinzhai Road Viaduct. The supervision exposed many problems in the financial management of the project. The monitoring team timely corrected the problems in the financial management of the project and ordered the rectification within a time limit. Through law enforcement supervision, it effectively promoted the standardization of the project economic behavior. legalization.

3. Organized the financial statement analysis meeting of the subsidiary company. In order to fully understand the financial status and operating results of each sub-branch, from October 30th to November 21st, the Finance Department of the Bureau organized a total of 20 subsidiaries to conduct one-on-one financial settlement analysis meeting. At the meeting, the main leaders of all units and related business departments reported to the bureau on the financial status and operating results as of September 30, 2007. The heads of the chief accountant, finance department, capital department, and audit department of the unit were responsible for the financial status and assets of each unit. The quality has been deeply analyzed, and how to strengthen financial management and communication with the main leaders of various units, and the 2008 financial management work ideas have been publicized. All units attach great importance to the analysis of this financial settlement. One company, two companies, six companies, Nanchang Electromechanical Co., Ltd. and other units have detailed and thorough analysis, and are not afraid of “Lu Fu’s ugly”, so that the bureau has a more comprehensive understanding of the financial status of each unit. As well as the main problems and contradictions, it laid the foundation for the next step of adjusting financial policies and unified accounting system.

4. Participate in the audit and supervision of subsidiaries. In 2007, the Finance Department of the Bureau sent personnel to participate in the audit work of the company, the electrification company, the Nanjing branch, the Shanghai branch, and participated in the audit investigation of the original Nanjing branch Suqian highway project, further strengthening the financial Supervise functions and increase supervision over the quality of subsidiaries' assets.

Do a good job in tax planning and play a tax-saving and tax avoidance effect

In 2007, the Ministry of Finance actively communicated and contacted the relevant tax authorities of the provinces and municipalities, handled the 2006 corporate income tax remittance and liquidation, and obtained the preferential policy of the three-month tax payment in 2006. One company, four companies, and electrification companies paid attention to the study and study of taxation policies, actively applied for income tax reduction and exemption for natural disasters, and actively exerted tax benefits.

Strengthen fund management and increase the withdrawal of project funds

In 2007, the sixth year of the "double-clearing" work of the bureau, the units under the unified arrangement of the "double-clear" office of the bureau, the clearing of the collection and payment of arrears as an important task of the Group's operation and management, The organization has not been withdrawn, the personnel are not scattered, and the strength is not reduced. In 2007, a company established the Asset Management Department; the Steel Structure Company and the Bairuide Company established the Clearance Office, and the Qing Attendance Agency was further enriched. All units closely focus on the work objectives of strengthening basic work, establishing a long-term mechanism, and improving asset quality, and intensifying efforts to clear foreign debts. By the end of 2007, the overall amount of external arrears formed before 2005 was recovered by 140.41 million yuan, and the recovery rate was 77%. The amount of external arrears formed in 2006 was 1,27,051,000 yuan, and the recovery rate was 88%. The total amount of outstanding debts decreased by 20.72% compared with the previous year. Completed the annual target task assigned by the head office. At the same time, the project focused on the clearing of the project is progressing smoothly. The Bureau of the Heilongjiang Railway, the construction company Baoji Junli Square, the No. 9 mark of the company's Zhixin Highway and the No. 2 road marking, the No. 4 of the Xinjiu Highway, the second company Changsha Ring Road, Gaoyou Huang The arrears of a large number of key and difficult projects such as the Duqiao Bridge, the Chengdu Tianfu Tunnel, the Shixiang Road in Hangzhou, and the Tianjin Haibin Avenue of the Fourth Company were all completed in 2007. The major arrears of the company’s history were basically solved and the fruit was obtained. The result of the battle.

Accelerate the construction of financial information

In 2007, the bureau issued the "Notice on Further Accelerating the Relevant Requirements for the Construction of Financial Information System", comprehensively promoted the financial information system of China Railway Engineering, unified accounting subjects, construction projects and institutional codes; opened 100 mega-city fiber, built An independent security firewall was established, and a secure and reliable database backup system was established. A system maintenance training course and a second-phase training course were held, and nearly 50 system administrators were trained for each unit. In 2007, the global account was basically realized. Through the processing of the information system, the “China Railway Fourth Bureau Group Financial Information System Construction Promotion Plan” was completed half a year ahead of schedule, and the financial monitoring methods of the bureau and subsidiaries were strengthened.

In order to meet the requirements of enterprise accounting work for restructuring and listing, we must strengthen personnel training and training, and further improve the ability and comprehensive quality of accounting personnel.

In February 2006, the Ministry of Finance promulgated a new "Enterprise Accounting Standards" system, which was required to be implemented in listed companies from January 1, 2007. After the successful listing of the head office, all units are required to complete the transition from the "Enterprise Accounting System" to the "Accounting Standards for Business Enterprises" starting from January 1, 2007 in the fourth quarter of 2007. The Finance Department of the Bureau hired professors from East China Jiaotong University, Shijiazhuang Railway Institute and Deloitte Certified Public Accountants to hold three training courses on new standards, and conducted 500 training sessions and new standard application exercises for global accountants, and achieved good results. Based on the new guidelines, the Finance Department of the Bureau has formulated a comprehensive "Enterprise Accounting Chart" and "Management Expenses List", issued the file such as the accounting transfer account connection method, and smoothly realized the smooth transition of the old and new standards.

Further improve the internal accounting control system and improve financial management capabilities

First, the “Notice on Further Strengthening the Internal Accounting Control System for Fixed Assets Management, Financial Closing and Reporting” was formulated. To further strengthen the fixed assets acquisition, daily management, follow-up measurement, asset impairment test, fixed assets disposal and other work to put forward specific requirements; proposed financial rectification and reporting issues, and further improved the internal accounting control system.

The second is to regulate the behavior of asset assessment, promote the orderly transfer of state-owned property rights of enterprises, and promulgated the “Measures for the Administration of Assets Evaluation of China Railway Fourth Group”. The method clarified the behaviors required for asset evaluation, asset evaluation procedures, evaluation of intermediary selection, asset approval behavior approval and filing, etc., effectively regulating the overall asset assessment behavior and property rights transactions.

The third is to regulate the long-term investment behavior of China Railway Fourth Bureau, strengthen long-term investment supervision, ensure the safety and integrity of long-term investment assets, safeguard the rights and interests of funders, and promulgated the “Measures for Long-term Investment Management of China Railway Fourth Group Co., Ltd.”. The measures stipulate the content of long-term investment review, approval, implementation, supervision, disposal, evaluation and other aspects, effectively promote the standardized management of long-term investment, and improve the institutionalized guarantee of long-term investment returns.

In short, 2007 is a very extraordinary year for the overall financial system. It is a year of the history of the financial development of the four bureaus. It has successfully completed the bureau's Hongtu project, railway project audit, financial relationship adjustment, clearing, and engineering projects. The financial supervision, the establishment and improvement of the financial system and other work tasks have made due contributions to the overall production management.