外文翻译---战略财务管理的中小型企业(编辑修改稿)

外文翻译---战略财务管理的中小型企业(编辑修改稿)内容摘要：

ful budgeting and strict implementation also lessens the role of budgeting as well as the implementation of financial strategies. Problems in Enterprises’ Financial Management Now, some problems in small and medium enterprises’ financial management have also restricted the establishment and implementation of their financial strategies. Some main problems are as follows. ① Obsolete ideas, unclear duty division and disordered management. Enterprises have no idea of “ corporate management should be based on financial management and financial management should center on capital management。 entrepreneurs and financial staff’s lack of scientific and advanced financial ideas including time value, risk value, marginal cost, opportunity cost and insufficient knowledge about financial management theories and methods have resulted in unclear duty division, disordered management, ineffective monitor, false accounting information and so on. ② Difficult financing, mainly manifested in insufficient channels and scales of financing channels as well as disordered financing orders. Currently, most small and medium enterprises are faced with great difficulty in gaining shortterm loans, not to mention longterm ones. 81% of all enterprises have no enough current funds for their operation. The longer the periods of loans are, the less money they can really utilize from their loans. As is shown in a survey, % enterprises have no access to longterm loans, among those who can really get such loans, 16% enterprises’ demands are fully fulfilled, % are partially fulfilled % are not fulfilled. (Huang, 2020) 3. Causes of the Problems in Strategic Financial Management of Small and MediumSized Chinese Enterprises At present, most small and medium enterprises especially those private ones employ highly unification of ownership and management rights in which the investor is the manager whose power can not be restricted in any case. Having no clear division of duties and strict regulations, these managers don’t embody financial management into an effective corporate management system, not to mention regarding financial strategies as a significant part of the enterprise’s overall strategies, hence lessening their significance and function. These managers don’t believe in strategy but good luck, not system but ties of blood, not procedures but tackling key points, not management but technology and market. Especially for those enterprises venturing out of niches, unfavorable environment is the chief offender. In addition, managers’ poor quality is also an important cause for the failure of financial strategies. It is well known that most managers in small and medium Chinese enterprises have poor prehensive quality, insufficient management experiences and low efficiency because they haven’t gone through any systematic learning of management theories and special professional training. Therefore, they are not able to have reasonable predictions, decisions, budgets, control, analysis and evaluation based on their own characteristics and the market, to ha。