Study on Cash Flow Management of Sustained Oil Enterprises
|School||China University of Petroleum|
|Keywords||Cash Budget Management The control and management of cash flow Evaluation and management of cash flow|
Cash flow for businesses , as if the body's blood . Cash only virtuous cycle , the normal production and operation of enterprises in order to be guaranteed . Many enterprises will be the focus of financial management to focus on cash flow , and take a variety of ways to strengthen the management of cash flow . In 1999 , the Chinese oil industry a major structural reorganization , core industries peel which was established as a company limited by shares listed ; remaining non-core businesses to keep the original name , constitute oilfield Survival Enterprises ( Exploration Bureau , Administration ). Oilfield Survival Enterprises is some strong profitability of the assets and business , but to bear listed and unlisted companies , social service agencies and related costs , which led directly to the oilfield business cash subsisting run grim reading . The face of the current situation , oilfield Survival Enterprises is an urgent need to accelerate organizational restructuring , the establishment of effective internal operation mechanism , as well as to achieve the overall integration of resources on the basis of the level of cash flow management , and strengthening cash flow management , in order to improve economic efficiency , enhance competitiveness. This paper introduces in corporate cash flow management status subsisting on China Oilfield and cash flow management problems based on analysis , learn from the advanced experience of the cash flow management of domestic and international oil companies from the cash budget management , control and management of cash flow and cash flow The three aspects of the evaluation and management subsisting on China Oilfield companies to study how to improve the level of cash flow management .