How much do you know about financial positions in foreign companies?

Common financial conditions of foreign companies

1. Accounting work

Regardless of MNC in Europe and America, the internal division of labor in accounting lines is almost the same, and they all need to meet the requirements of separation of duties in internal control, and they are different from many domestic enterprises in terms of professional titles and responsibilities description. Because MNC is usually highly informatized and ERP system is highly integrated with business and financial modules, the division of labor of accounting group is often based on business cycle, not on subjects or accounting elements. In the financial departments of domestic enterprises with a low degree of informatization, there are often positions such as current account accounting (or current account), settlement accounting (settlement account) and expense accounting. If you belong to this kind of position, do not translate your English resume directly. For example, one of your important responsibilities is to prepare documents and keep accounts for the company's expense reimbursement business. If the English resumes of foreign companies are translated into expense accounting, they will be directly filtered out because they cannot match the corresponding job responsibilities. MNC will divide accounts receivable and accounts payable into posts. The former is referred to as AR (Accounts Receivable) and the latter as AP (Accounts Payable). All businesses related to the business cycle from procurement to payment are accounted for by AP Group, so expense accounting is one of the AP accounting of foreign companies.

More and more multinational companies have adopted the Financial Shared Service Center (FSSC) in the accounting industry, and many large domestic enterprises have also begun to adopt it. This kind of company is characterized by mature ERP system, high degree of informatization and standardized process, and almost all operations can be completed online. Therefore, the accounting business is also divided into several groups:

(1) From order to cash (O2C), the main responsibilities include customer file maintenance, credit review, order processing, delivery invoicing, revenue confirmation, accounts receivable write-off, reconciliation and payment collection. Common words in job descriptions include credit control, order booking, bookkeeping, invoicing, AR collection, revenue recognition and so on.

(2) From purchase to payment (P2P), the main responsibilities include supplier file maintenance, checking purchase invoices and receipts, accounts payable, reconciliation, verification, payment, cashier, expense accounting, bank reconciliation and common words in job descriptions.

2. Corporate functions of the company

3. Controller

Chief financial officer is probably the most puzzling financial management position in foreign companies, because there is no convincing Chinese translation so far. The search controller on the recruitment website,

4. Senior management positions