Ideas about Implementing a Concentrated Financial Account in the Geological and Prospecting Units

Abstract

The Geological and Prospecting Units pursue a diversified economy and involve many subsidiary business units. This leads to decentralized finance accounting and unorganized financial management with other problems. In view of these problems the author considers that a concentrated financial account should be implemented in the Geological and Prospecting Units. Financial management rights must be concentrated in the Geological and Prospecting Units, but this does not mean that the Geological and Prospecting Units can interfere with the management of the subsidiary business units. The paper discusses the content and role of a concentrated financial account and the difficulties in implementing it in the Geological and Prospecting Units and puts forward four proposals for improving the concentrated financial account.