The Research On Internal Control Of Monetary Funds In ZNCM Company

With the development of economic, the company management tends to be more andmore modern. Internal controls are the effective methods for any companies to operatingproperly and achieve their strategic goals. For any of the production-oriented enterprises,the internal controls should focus on two aspects, one aspect is money, the other one isgoods. Monetary capital is always the most important point of the internal control.Monetary fund runs through every link of the enterprise’s production and operation, it isthe most active subject in the current assets. At the same time it also has the highest riskcharacteristics which is easy to breed criminals fraud, corruption, embezzlement ormisappropriation of monetary funds to meet the individual interests. The internal controlof monetary capital is set of system and method to ensure the safety and the completionof enterprise currency fund, and ensure that monetary fund business cycle programreasonable and lawful, and ensure that monetary fund to be used efficiency. It can be seenthat the internal controls of monetary funds are significant for any company. In recentyears, the state supports and develops the internal controls strongly, many enterprises paymore attention to the development of modern management. ZNCM Inc is a publishinggroup which has completed initial public offering recently, it has important positionin publishing industry. Therefore, choosing ZNCM Inc as the object is representative.In the process of thesis writing, the author mainly reviewed a large number of thedomestic and foreign related literature internal controls and monetary capital internalcontrols, and access to a large amount of ZNCM Inc company related data and companyinternal control rules from the recent company website and the Shanghai stock exchange.With many times communication with the teacher, the author has amended the thesis idea,structure, content and format for a modified several times. With the teacher’s introduction,I am so honor to attend the annual auditing for ZNCM Inc which is in charged by RHfirm. I’m responsible for assisting the project manager to finish his job. I came to thecompany field investigation to search the company’s financial information byobservation, ask related question. Be based on learning and research the internal controlof monetary fund and the relevant knowledge, combined with the practice process, the author can also find shortage in the monetary capital internal control system and theproblems in the process of execution. Writing this article is subject to analyze the causesof ZNCM Inc monetary capital internal control problems and provide the solution.This article is divided into five chapters. Firstly, in the introduction chapter, thisarticle expounds the importance of internal control of monetary fund and presents aliterature review. Secondly, in the related theoretical overview chapter, the authorintroduces the theories of internal controls and monetary capital internal controls. Thirdly,in the recent status of ZNCM Inc monetary capital internal control chapter, this articleintroduces the recent company background and the monetary fund circulation of threemain aspects, and then expounds the present situation of the company’s internal controlof monetary fund. Fourthly, in the recent company internal control of monetary fundproblem analysis chapter, this paper used the five elements of the COSO framework tomake overall evaluation company internal control of monetary fund, and then accordingto the process of monetary fund circulation analysis specific problems. Finally, in thesuggestions to improve ZNCM Inc internal control of monetary fund in the chapter, theauthor gives the overall improvement ideas and specific solutions aimed at concreteissue.