The Group (Bureau) convened the 2022 First-Half Financial Work Conference.
Release date:
2022-06-15 11:18
Source:
Recently, the Group (Bureau) convened its 2022 first-half financial work conference, conveyed the spirit of the China National Coal Administration’s first-quarter 2022 routine meeting, and outlined the Group’s key financial priorities for the next phase. Chen Haiyong, Chief Accountant of the Group (Bureau) and a member of the Party Committee, attended the meeting and delivered remarks on the management of financial heads at directly affiliated units and on the Group’s priority financial tasks.
The meeting outlined the comprehensive measures for implementing the Group (Bureau)’s special campaign to reduce “two types of funds,” conveyed Director Ma Gang’s directives on financial management as articulated at a series of meetings convened by the China National Coal Administration, and reviewed the Group (Bureau)’s 2021 financial closing process, while also issuing notifications regarding units with identified issues.
Drawing on the 2021 annual financial closing summary and the issues identified during the joint review, Chen Haiyong emphasized the following: First, it is essential to correctly interpret notifications of criticism, take them as a constant warning, and remain ever vigilant; second, all parties must conscientiously fulfill their duties and fully leverage the role of financial officers; third, finance personnel must uphold fundamental principles and ensure that accounting information is truthful, accurate, and complete.
In accordance with the latest financial management requirements issued by the China National Coal Administration, and in light of the challenges confronting the Group’s (Administration’s) operations and financial management, Chen Haiyong emphasized that the next phase should prioritize five key areas of financial work: First, strengthen the preparation and management of financial statements to ensure the timeliness and accuracy of financial information; second, in alignment with the national package of tax and fee reduction policies, conduct thorough research and implementation, and broadly promote the use of tax‑cloud platforms; third, adopt a pragmatic, fact‑based, and conscientious approach to vigorously advance the special campaign for comprehensive governance; fourth, in line with the Group’s (Administration’s) deployment for the targeted effort to reduce “two types of receivables,” steadily push forward the collection of accounts receivable; and fifth, continuously enhance cash‑flow management, adhere to the principle of living within one’s means, and continually improve the execution rate of funding plans.
More than 160 finance professionals, including all financial staff of the Group (Bureau), chief and deputy accountants of each directly affiliated unit, and financial officers, attended the meeting at the main and sub-venues.
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