Research On Financial Management Process Optimization Of Retail Enterprise X Base On Internal Control

To conscientiously carry out and implement Basic Norms of Enterprise Internal Control which issued by Ministry of Finance and other four ministries, related supporting gaudiness and Notification of Listed Company to Experimental Implement of Internal Control Standard issued by Securities Regulatory Commission, enterprises must optimize all the operation procedures with gaudiness of internal control standards when strengthening management at the same time. Procedures are enterprise activities of reallocating resources; the key factor of realizing enterprise’s value is the implement of procedures, and the major role of internal control is to ensure the smooth implementation of process. Therefore, to establish and improve internal control procedures which comply with the concept of modern enterprise management has become the first imperative. Only through optimizing all procedures by reform and innovation of internal control to achieve internal mutual restraint, mutual restriction, strengthening internal supervision, could enterprises ensure that enterprise economy developing healthy and orderly, and socialist market economy eventually rectified and standardized.This paper take the financial management procedures of retail company X as an example, adopting research methods which combined normative research with case studies, discuss the Optimization Research on X company’s financial management procedures based on internal control. The full paper is divided into five parts. First, elaborate the topic research background, research significance, literature review, research ideas and methods. Second, summarize the theory of enterprise internal control, including the definition, function and elements of internal control. Third, introduce X company’s budget management, fund management, investment management, tax management and the present situation of financial reporting management with its internal external factors. Fourth, identify the defects in specific operation level from the procedures of budget management, fund management, investment management, tax management and financial reporting management. Fifth, in view of the defects in financial management procedures, bring out the ideas for improving X company’s financial management and reasonable countermeasures.This paper aims to find risk points in the present operation procedures of financial management for company X and eventually improve the level of internal control by optimizing operation level. May the reasonable count measures in this paper could help company X develop better and faster and achieve expected management objectives.