A Study On Improvement Of Internal Accounting Control System Of Yantai Port Group

Internal Accounting Control System is one of the key parts in the enterprise management systems. The efficient internal accounting control will contribute to the improvement of the following aspects: (i) standardizing the accountant's actions; (ii) ensuring the accounting information to be of authenticity and completeness; (iii) preventing the management vulnerability, eliminating the hidden troubles, recognizing and correcting mistakes and/or fraudulent practices on a timely basis so as to protect the asset security; and (iv) ensuring the compliance with the laws/regulations issued by the Government and the internal regulations/rules of the company.The internal accounting control is an internal self-adjustment and self-constraints mechanism of the enterprise in its operation activities. Strengthening the internal accounting control is proved to be an important measure for maintaining the authenticity of port accounting information and the ownership, and it also an inevitable trend in the social and economic development. In this paper, the author makes an overview of the current internal accounting control system of Yantai Port Group, and analyzes the existing problems and the reasons. At last, the author put forwards the countermeasures on improvement of internal accounting control for Yantai Port Group, in the interest to promote the faster and healthier development of the port and also provide reference for the other enterprise groups.This thesis consists of five chapters. In Chapter I, the author puts forward the questions and makes a overall description on the main study work. In Chapter II, the author introduces the influences of the internal accounting control system on the enterprise development, briefs the development history of the internal accounting control system. In this chapter, the author especially makes an expatiation on the five elements of the internal control advanced by the COSO committee and the current situation of internal accounting control in China, and provides the necessary theory basis for the establishment of internal accounting control system. In Chapter III, the author introduces the current situation and reasons for internal accounting control in Yantai Port Group, and put forwards the ideas for further improvement of the internal accounting control system. In Chapter IV, the author explains the study of countermeasures for the improvement of the internal accounting control system in Yantai Port, and analyzes the factors to be considered in the improvement process. In Chapter V, the author draws the conclusions and makes a forecast on the study of internal accounting control system in the future.