The Scc's Fixed Assets, Internal Control

Fixed assets, as the most important part of the capital owned by an enterprise, are the key element indispensable to business operating, the means of subsistence without which a corporation cannot live, and the resources for a company to create value with. And with the arrival of the global economic integration and the information ear, high quality of fixed assets is even more an important indicator of enterprise's core competencies. However, because of their longer life cycle and lower liquidity, fixed assets are often overlooked by most of managerial personnel in day to day business, resulting in the managerial chaos, the inconsistency of account with the facts, the lower utilization ratio of fixed assets, and the failure to exploit advantages of fixed assets to the full. And in some enterprises, the fixed assets, as a result of the mismanagement, are even washed away or damaged, bringing about a heavy economic loss and some serious effects on the interests of investors and enterprises'long-term development.SCC corporation,as the only one specialized in maintenance of wire optical cable in all companies affiliated with the Sichuan Branch of the China Telecom, should manage and maintain the trunk wire optical cable grade 1 and grade 2 in Sichuan province, the local wire optical cable, and the satellite communication equipment which is the core network assets of China Telecom for operation. The management standard of fixed assets in The Long-distance Communication Transfer Bureau of Sichuan province will directly relate to its market competencies and long-term development, at the same time its management of fixed assets is very difficult because its most of fixed assets are wire optical cable through all cities, counties, towns and villages of Sichuan province, which results in very wide range of fixed asset management. What is more, for the company owned by state has been affected by planned economy for a long time, the more complicated organization and staff structure have given rise to many problems in its fixed asset management, such as the unclearness of some fixed asset sources, the duplicated investment, the inconsistency of account with the facts, the lower utilization ratio of fixed assets, etc..In the view of the reason above, I have analyzed and studied the internal control over the fixed assets of the company by means of some research and theories related, and based on these analysis and studies, redesigned its internal control over the fixed assets.This paper sums up the background, clues, and methods of my studies and the current situations and development of the studies related to internal control, lay a special stress on analyzing the current situations of the company's internal control over the fixed assets, inquire the problems in its internal control over the fixed assets and the reasons, studies the organization structure for the fixed asset management and the redesign of internal control over the fixed assets, comes up with the suggestions of solving the problems, and from the aspects of the environment of internal control, the implementation clues, etc., explains the factors which must be take into account when carrying out the internal control over the fixed assets in order to ensure that the implementation can be successful.