As a corporate finance officer, understanding the relevant legal knowledge can not only help them better perform their duties, but also improve the compliance and operational efficiency of the business. This article will introduce some legal knowledge that corporate finance personnel should know.
1. Accounting regulations.
Accounting regulations are regulations that regulate the financial reporting and accounting of enterprises. As a finance officer, understanding and complying with accounting regulations is the most basic duty. China's current accounting laws and regulations mainly include the Accounting Law of the People's Republic of China, the Accounting Standards for Business Enterprises and the Accounting Standards for Small Enterprises. These regulations provide guidance and norms for financial personnel to prepare financial reports and accounting.
2. Tax Law. The tax law is the law that regulates the tax payment behavior of enterprises and individuals. As a financial officer, you need to understand the tax liability and tax basis of various taxes, such as value-added tax, income tax, business tax, etc. In addition, it is also necessary to understand the relevant knowledge of tax planning to support enterprises to avoid taxes reasonably.
3. Company Law and Commercial Law.
Corporate law is the law that regulates the organization and behavior of a company. As a financial officer, you need to understand the procedures for the establishment, change, and deregistration of the company, as well as the relevant regulations of the corporate governance structure. In addition, it is also necessary to understand commercial law, such as contract law, commercial arbitration, etc., to provide support and guarantee for enterprises to sign contracts.
4. Economic and financial law.
Economic law is the law that regulates the macroeconomic management of the country. As a financial person, you need to understand some basic knowledge of economic law, such as anti-unfair competition law, consumer rights protection, etc. In addition, it is also necessary to understand the relevant knowledge of financial law, such as commercial banking law, ** law, etc., to provide assistance to enterprises in financial activities.
5. Auditing Law and Asset Valuation.
The Audit Law is the law that regulates the auditing institutions and the auditing behavior. As a financial officer, you need to understand the relevant provisions of the Audit Law, such as the duties of auditors, audit procedures, etc. In addition, it is also necessary to understand the relevant knowledge of asset valuation, such as valuation methods, valuation procedures, etc., to provide support for enterprises to carry out asset valuation and management.
In short, as a corporate financial officer, you need to continue to learn and understand Xi relevant legal knowledge, and improve your professional quality and comprehensive ability, so as to better perform your duties and provide a strong guarantee for the compliance and operational efficiency of the enterprise.
The following book is recommended as an introductory book for corporate finance personnel to learn Xi above legal knowledge: