The Research Of Financial Internal Of Control & Supervision About Enterprise Groups

After China's entry of WTO, domestic companies have been facing more opportunities, and in the meantime a lot of challenges and competitions with further opening the market to the outside world. To improve their competitive capabilities for the development in the new environment, many companies have experienced business expansions like asset reorganizations, merger and acquisitions, therefore, enterprise groups emerged and their sizes and scales have been growing very fast. With the establishment of the enterprise groups and growth of their size and scales, they met problems in operations and didn't materialize their expected goals from the reforms due to the lack of financial control and the internal supervision.The betterment of the financial control and effective internal supervision is the key to have smooth operations of the enterprise groups. The main purpose of this article is about how to set up and better the internal financial control and supervision mechanicsBased on my understanding of the modern financial management and control theory and years'management experience of the enterprise companies as well as in reference to the problems I found from my auditing work when I was with an accountant firm, after analyzing the nowadays condition of enterprise groups, discussions have been made on how to set up and better internal financial control and supervision in enterprise groups, and proposals have been put up on the principles, relevant means and methods for the internal financial control mechanics in a enterprise groups, and the obvious effects have been served after my research results were applied in the financial control and management in the enterprise groups I worked with.