The Internal Accounting Control Of Funds Arising On Wuhan Iron And Steel (Group) Corporation

Internal control is an issue that is both old and young. Say it is old, because the application of internal control' basic thought can trace back to 3600 B.C. of Mesopotamia' period. Say it is young, because the study on this old subject has been exploring all the time.Since Standard for Internal Accounting Control—General Standard by Ministry of Finance in 2001,there exists a trend of research on this issue among the academic circle. Ministry Finance publishes a series norms of Standard for Internal Accounting Control what has received the extensive favorable comment of the society. It is also has offered reference and basis thought for the departments to make their internal control standard.After collecting relevant information, I find that: Though there are a lot of people engaged in the theoretical research of internal control and the achievement studied is very abundant, there is a lot of specific field still need carry on deep discussion and research. The theory should be implemented into practice, so it is a very urgent and meaningful thing to study how to carry on internal accounting control in a certain group company.This text is divided into seven chapters altogether. The first chapter is about the summary of internal accounting controls. The second chapter' content is the environment and the type of arising funds in group corporation, then it introduces Wuhan Iron and Steel (Group) Corporation how to arising funds. The third chapter is the object and basic manner of internal accounting control. The forth chapter is about internal accounting control on arising funds in bank. The fifth chapter is about internal accounting control on arising funds in commercial credit. The sixth chapter is about internal accounting control on arising funds in stock and bond. The seventh chapter' content is for the Wuhan Iron and Steel (Group) Corporation' fund centralized management and funds taking up management.I consult the relevant content of financial rule of the Wuhan Iron and Steel (Group ) Corporation between 1994-2003. On this basis, I also consult the relevant documents and materials both at home and abroad, draw lessons from their research results, put forward my own innovative view, strengthening the internal accounting control of business on arising funds. So that to taking precautions against its mistake in the course of arising funds and share the successful experience of Wuhan Iron and Steel (Group) Corporation to all companies.