(4) assessing enterprise finance, monitoring the operation status of enterprise finance

(1) examining and approving the internal financial management system, financial strategy, financial plan and financial budget of the enterprise

General Rules on Enterprise Finance

(1) supervising the implementation of the rules and regulations concerning enterprise finance, directing the enterprises to set up and perfect the internal financial systems in accordance with the financial relations

(3) setting up and perfecting the enterprise auditing system of annual financial report so as to examine the quality of the annual financial report

(1) studying out enterprise internal financial management rules, financial strategies, financial plans, preparing financial budgets

Chapter II Enterprise Financial Management System

They are hereby promulgated and shall enter into force as of January 1, 2007.

Prospect for Foreign Direct Investment and the strategies of transnational corporations, 2004 2007 (UNCTAD ITE IIT 2004 8), 1 October 2004

Article 3 The state owned enterprises and state holding enterprises (hereinafter referred to as enterprises) shall determine their internal financial management systems, set up and perfect their financial management systems and control their financial risks.

Article 4 The Ministry of Finance shall be responsible for instituting the rules and regulations on enterprise finance.

(2) instituting the financial policies that facilitate the reform and development of the enterprises, setting up and perfecting the financial fund management systems that conduce to the development of the enterprises

Article 1 With a view to strengthening the financial management of enterprises, regulating the financial behaviors of the enterprises, protecting the legitimate rights and interests of the enterprises and related parties and boosting the establishment of modern enterprise system, the present General Rules are formulated under the provisions of the related laws and administrative regulations.

Article 68 The competent authorities of finance and their employees shall properly use the financial information of the enterprises they have seized, perform the obligation of confidentiality under law, and may not take advantage of such information to seek interest for themselves or injure the interests of any enterprise.

An enterprise group company may determine its internal financial management system by itself.

(5) preparing and providing enterprise financial report so as to reflect the financial information and the related situation faithfully and

Article 24 An enterprise shall set up a financial examination system on contract and clarify the operational flow and power limits of examination so as to carry out financial supervision.

(7) offering necessary assistance and services in accordance with the demands of enterprise financial management.

Article 63 An enterprise shall set up a financial pre alarm mechanism, define the alerting standards of financial crises by itself pay more attention to monitoring the adaptation between operational net cash flow and due debts and the adaptation between assets and liabilities of the enterprise communicate the information on the pre alarm of financial crisis in time, and put forward the corresponding solution measures and schemes.

Centre, faculty and location

25. When environmental damage relates to the enterprise s own property, or is caused by the enterprise s operations and activities to other property for which there is no obligation on the enterprise s part to rectify, the extent of the damage should be disclosed in the notes to the financial statements.

(2) organizing the implementation of such financial schemes as fund raising, investment, guarantee, donation, reorganization and profit distribution and so on, fulfilling the obligation of debt repayment of the enterprise faithfully

The scope will usually be business to business services.

With respect to the financial decision making items under which the interests of any individual investor or operator run afoul of those of the enterprise, the related investor or operator shall withdraw.

Article 69 An enterprise shall accept the financial supervision of the competent authority of finance and the financial auditing of the auditing organ of the state under law.

33. A distinction can be made between the so called quot real business services quot and financial support (such as grants, loans, tax breaks, etc.).

Article 71 An enterprise shall set up and perfect an internal financial supervision system.

Article 61 An enterprise may, by considering its operational characteristics, optimize the workflow, set up an information processing system with integrations of finance and business, and gradually realize the once for all handling and real time sharing of the related information of finance and business.

Article 62 An enterprise shall gradually create conditions to plan the resource of the enterprise as a whole, comprehensively integrate and regulate the financial and operation flow, and conduct integrated management and operation of the logistics, capital flow and information flow of the enterprise.

As noted in para. 69 above, the number of enterprises disclosing non financial and financially quantified environmental data is increasing at a steady rate.

Article 8 An enterprise shall perform such a financial management system as being clear in capital ownership, unambiguous in financial relationship and complying with the requirements of corporate governance structure.

The financial management of an enterprise shall consist such financial behaviors as raising funds rationally, operating assets effectively, controlling the cost, regulating the income distribution and reorganization and liquidation, and strengthening financial supervision and financial information management in accordance with the formulated financial strategy.

In case an enterprise merges another insolvent enterprise through assuming the liabilities of the latter, the merging party shall set down measures for restructuring, undertake the responsibility of repaying the debts and integrate the financial resources according to the merging plan.

(c) Facilitating the rescue of financially troubled though viable businesses, thereby protecting investment and preserving employment

6. The stated objective of financial statements as contained in the quot Objectives of Financial Statements quot issued by ISAR (1989) is to provide information about the financial position of an enterprise, which is useful to a wide range of users in making decisions and is necessary for the accountability of management for resources entrusted to it.

(5) dispatching or recommending chief financial officers to exclusively funded or holding enterprises under the related provisions.

With its market share, the programme is now the primary financial services mainstay for a large segment of the poorest microenterprises, particularly businesses run by women and young microentrepreneurs.

As for an overseas investment, an enterprise shall conclude a contract thereon in written form so as to clarify the rights and interests it may enjoy from this investment and to carry out financial supervision.

(b) Small enterprise and business development

9. This Interim Statement deals with accounting for environmental costs and liabilities arising from accounting transactions and events that would affect, or will likely affect, the financial position and results of an enterprise and, as such, should be reported in an enterprise s financial statements.

Previous positions include partner, Bugge, Arentz Hansen law firm Director General, and Head of Business and Energy Tax Section, Tax Law Department, Ministry of Finance.

The results of evaluation or assessment may be promulgated to the general public in a proper way.

Article 74 In case any enterprise, any person in charge held to be directly responsible or any other person of the enterprise fails to compile or report financial report or other materials under the provisions of Articles 64 and 65 of the present General Rules, the competent authority of finance at or above the county level may impose upon it him a penalty under the Company Law of the People's Republic of China and the Regulation on Enterprise Financial Statements.

In case an enterprise set up a board of supervisors or has any supervisors, the board of supervisors or the supervisors shall undertake the duties of internal financial supervision under the laws, administrative regulations, the present General Rules and the articles of association of the enterprise.

ISAR noted that an enterprise's environmental performance could affect its financial health and hence its sustainability.