"Let me give you an example, and you will understand. When we deliver a batch of goods to a customer, the payment can be recorded as operating income, right? According to the company's standard sales contract, the other party should pay the next
Pay us the payment before the end of the month. Suppose that due to various reasons, the customer has not paid us the money at that time. We just put the payment in accounts receivable and did not turn it into cash.
That is to say, it does not appear on the cash flow statement. Why is our cash getting less and less? Maybe this is the reason." Xue Lili explained.
"Yeah! This phenomenon is very likely to happen." Niu Xiaobai agreed.
"Also, Vice President Niu, you should also pay attention. In fact, financial statements are not as rigorous as you think. There are many data that have a certain degree of predictability. For example, the operating income in the profit and loss statement is a
The most likely project to harbor dirt and evil."
Hearing Xue Lili's words, Niu Xiaobai felt a little surprised: "Isn't this possible? As a manufacturing company, we mainly rely on selling products and providing after-sales services to earn operating income. This data should be true.
How could the existence of something be false?”
Xue Lili smiled and shook her head, revealing two shallow dimples. She adjusted the glasses on the bridge of her nose with her hand. "There is a joke in our accounting circle, saying that I heard that there is a person on the roadside who will buy something next month."
Our company's products cost tens of thousands of dollars, so I have confirmed this operating income in the books first. Haha!"
"Oh? Why did they do this?" Niu Xiaobai became more and more confused as he listened.
"Actually, the reason for this is very simple. Generally speaking, responsible companies will only confirm revenue after the transaction is completed and there are no worries; but some companies, especially some listed companies, they want to make financial statements
If you do it more beautifully and create the illusion of good performance, you will include some uncertain income or all possible income in the income statement."
"Isn't it equivalent to harming yourself by doing this? If the company's financial personnel do this deliberately, how can we managers identify it?" Niu Xiaobai continued to ask.
Chen Wanshi glanced at Niu Xiaobai and said calmly: "Actually, what is fake is fake. No matter how the income is fabricated, just see if there is real cash in the account."
Xue Lili nodded in agreement: "Yes! Anything we say can be fake, but cash cannot be fake. We will combine the profit and loss statement with the cash flow statement and look at it together. If there is a corresponding statement on the cash flow statement
Cash inflow shows that the profits on the income statement are healthy and of high quality; otherwise, it is false."
Xue Lili pressed the remote control in her hand and turned down a slide: "The picture shows the company's monthly profit and loss statement for the three months of May, October and November last year. Take a look at this
Is there anything wrong with the numbers above? Pay attention to the line of asset impairment losses.”
Asset impairment losses refer to losses caused by the recoverable amount of an asset being lower than its book value. Items of asset impairment losses include fixed assets, intangible assets, goodwill, inventories, bad debts, etc.
Niu Xiaobai looked at the figures on asset impairment losses and saw that a provision of 500,000 yuan was made in May, and the note said a provision for bad debts was made; in October and November, there were inexplicably negative amounts of 200,000 yuan each.
, a negative of 300,000 yuan, and noted that the bad debt was successfully recovered.
Looking at Chen Wanshi, Niu Xiaobai and Niu Xiaobai remained silent. Guess they didn't see the clue. Xue Lili explained directly: "Obviously, a large amount of bad debt provision was made in May. We call it '
"Financial bathing" means that the managers at the time felt that the data for the month was really not very good, so they decided to make a big mistake and simply made the accounts for the month very ugly to prepare for the performance in the following months. Sure enough, this account
It appeared in October and November, and the performance in these two months has been very good."
"Why do managers do this?" Chen Wanshi asked coldly.
"Mr. Chen, I guess you don't know, right? December of every year is the time when the group's board of directors evaluates the leaders of its subordinate branches. The data in October and November are relatively good-looking and will give the group leaders a very good impression.
This resulted in the effect of 'sharpening one's weapons in battle, only to be displeased'."
"Haha! You are deceiving yourself!" Chen Wanshi said with disdain, "Can't this practice of tearing down the east wall to make up for the west wall be reflected in the annual report?"
Xue Lili spread her hands: "The annual report will only come out at the end of January. By this time, the assessment work has ended, and no one will probably ask again."
…
When the slide turned to the last page, Xue Lili stood up straight and said very formally: "As the accounting supervisor, my first requirement for the employees in this department is: the accounting information provided to the company leaders should be comprehensive, timely, and accurate.
Understand."
Xue Lili continued to explain: "The accounting information we provide must not only be comprehensive, accurate, true, and timely, but it is also critical to understand this requirement. In addition to our accountants themselves being able to read it, we also require that the managers who read the financial statements must also be able to read it."
Be able to read and understand. For example, some more professional financial information must be explained in an appropriate way. Only managers can understand the required management information from financial statements, and financial statements can better serve the company's management.
and realize greater potential.”
Xue Lili glanced at Chen Wanshi and said to her: "I'm thinking that letting Vice President Niu understand every financial statement should be the real purpose of this training."
Chen Wanshi nodded: "Yes. In fact, there is another purpose, which is to allow the accounting supervisor to actively participate in the management of the company. I think that in addition to providing other managers with the company's operating information in the form of reports, accountants also
They are directly or indirectly involved in the management of the company. Whether it is cost accounting, accounting, accounting, material procurement, sales collection, budgeting, price comparison, credit management, indicator comparison, etc., accountants are responsible for the execution of the company's budget.
The first person to know, the supervisor. You have been performing the function of supervision and have been participating in the management of the company."
A look of excitement appeared on Xue Lili's face: "Thank you, Mr. Chen, for your trust! Many accountants around me are used to burying themselves in the office sorting out documents and calculating data. In this way, it is easy to lose touch with the company's actual business and fail to do so in a timely manner.
I believe that as a qualified accountant, you cannot just be a bookkeeper who settles accounts afterwards! We must not only fully understand the business processes we handle, but also understand the physical processes of the business we handle.
Management system, control requirements, these aspects must be fully integrated. Many businesses only make sense if they are planned in advance. Otherwise, they can only reflect after the fact. Therefore, I think it is best for accountants to be diligent in moving around and arriving at the destination.
Understand and verify the entire process of the business being handled on site, change from reactive to proactive, and conduct business planning in advance.”
…
After the financial statement training, Xue Lili was asked by Chen Wanshi to stay alone. This made Xue Lili not only excited, but also a little nervous. She didn't know what Chen Wanshi wanted to do.
At this time, even Xue Lili herself couldn't explain why she was nervous. She had seen many higher-level managers than Chen Wanshi, but Xue Lili still faced them calmly. Why was this little girl in her 20s who had just graduated from college the only one in front of her?
Girl, she feels this unusually nervous?
The two of them sat face to face in front of Chen Wanshi's big desk, "What do you think of Vice President Niu?" Chen Wanshi asked inexplicably, her tone unusually flat, without any emotion.
Xue Lili was stunned for a moment, "This? Haha... General Manager Chen, you also know that I have been an accountant for more than 20 years. In my eyes, something is either an asset or a liability... As for looking at people, in fact,
I'm not very good at it." After all, if you use your youth to touch porcelain, no one can afford to pay for it if it breaks.
"Then do you think, for our company, Vice President Niu is an asset or a liability?" Chen Wanshi continued to ask.
"Haha! It has been almost two weeks since I was transferred back to the Hangzhong branch. I have heard about his work style and his previous achievements at work. And I can see that he is a person who dares to take responsibility.
Therefore, I assert that he is an asset, and a high-quality asset." Xue Lili replied readily.
"Yes, I understand, Aunt Xue!" Chen Wanshi lowered her head, looked at her notebook, and called out a title that she had wanted to call for a while but could not.
Hearing the words "Aunt Xue", Xue Lili trembled all over, as if she had been struck by lightning. She couldn't believe her ears. "Mr. Chen...General Manager Chen, what were you talking about just now?"
?”
Chen Wanshi slowly raised her head and looked at Xue Lili with gentle eyes: "Aunt Xue, there is no one else here, please call me Shishi."
"But..." Although she was transferred back to Hangzhong Branch from Dongjiang Branch not long ago, Xue Lili also heard about Chen Wanshi's personal order: within Hangzhong Branch, only relationships between superiors and subordinates, and relationships between the same level are allowed.
Formal position titles do not allow any personal titles; and it is emphasized that real management can only do things based on instructions, not experience, emotions and emotions. This huge contrast made Xue Lili feel a little difficult to adapt for a while.
"Aunt Xue, please call me Shishi? That's what you called me when I was a child." Unknowingly, Chen Wanshi changed "you" to "you". "I remember at that time, you often bought me
My favorite marshmallows. I still remember that you are the person my mother trusts the most, and she always likes to go to you to discuss anything she is hesitant about."
Xue Lili laughed: "Haha! Silly child! In fact, that large piece of marshmallow that looks big is just a small handful of sugar. It is expanded by a machine into a big handful. I really don't understand why you like it so much?" said
As she looked, tears began to well up in her eyes.
Xue Lili turned around awkwardly, turned her back to Chen Wanshi, wiped the tears from her eyes, and said quietly: "You mother and daughter look so alike... If Yue Yue saw you grow up, she would have
How happy!”
Chen Wanshi stood up slowly, walked to Xue Lili's side, and said expectantly: "Aunt Xue, please hug me, just like you did when you were a child."
"Okay! Okay!" After hearing this request, Xue Lili turned around decisively, opened her hands and hugged Chen Wanshi tightly, who was also crying...