Study On Physical Assets Internal Accountancy Control

In the early 21st century, China's economic system reform is in the critical period of the transition to the market economy, and the integration into the world economy, true and complete accounting information plays particularly important role to maintain the order of the market economy and promote the development of the social economy. However, in our country, multiply phenomenons such as the distortion of accounting information, financial fraud and economic crimes are increasingly severe, which badly disrupt the socialist market economic order. Although there are many reasons for these problems, but it is one of main reasons that the enterprises don't have perfect internal accountancy control system, or there are no supervise and inspect effective measures, and no real sense of internal accountancy control although they already have internal accountancy control system. Far from the beginning of 1990s, our government pays attention to the construction of internal accountancy control, on June 2001 Internal Accountancy Control Standard issued by the ministry of China led internal accounting control theory and practice to enter a new historical stage.The main contents of the internal accountancy including the control of monetary fund, physical assets, foreign investment, project, purchasing and payment, financing, sales and payment, cost, and guarantee business. Enterprise's physical assets includs inventory and fixed assets. Compared with monetary fund, the physical assets fund is in poor liquidity, but it has a huge proportion of the total assets in the enterprise, and relates to the whole enterpries' material flow, people flow and capital resources' allocation, has a great effective in operationing efficiency and effectiveness. At the same time, the physical assets has a big amount and type, and lays dispersively, easier to be disorder or lost itself. Therefore it is very important for the physical assets internal accountancy control in the internal accountancy control system. Not only to ensure the safety and physical assets of enterprise, but also to ensure it has the Function and efficiency that it should have, only in this way, can it guarantee the normal production and operation activities and reach the enterprise's management goals. Therefore, the physical assets internal accountancy control has the extremely vital significance.Based on the research background above, this paper elaborates the physical assets internal accountancy control of the overall current situation in our country, and then takes the RK company as an example, deeply analysises the problems and reasons of its internal accountancy control, and puts forward improvement measures in physical assets internal accountancy control for RK company, including general measures, as well as concrete measures for fixed assets and inventory. Hope that I can explore a feasible way to improve the physical assets internal accountancy control of RK company, to rise the whole internal accountancy control, with the changing situation, give response to changes of the world economy in time, and promot the rapid and stable economic development of RK company.