Research Of The Internal Control Optimization Of GX Company Sales And Receivable Section

Internal control has been an advanced management system which was valued by moreand more enterprises. A complete level of internal control and the efficient implementation isrelated to the development of enterprises directly. In recent years, our Ministry of Financepromulgated the”Basic Internal Control Norms for Enterprise", together with "InternalControl Guidelines for Enterprise" to build a system of internal control standards, and make adetailed introduction to the various aspects of the business process which including sales andreceivables. It helps enterprises whether larger or medium better understand, design andimplement internal control activities at the operational level.GX Company that studied in this paper is one of the leaders in the ink industry, itsleading products have the largest market share and GX Company also participates in drawingup the ink standards. These indicate GX Company viability and competitiveness of scientificresearch is second to none within the industry. However, we found there is a big loopholethrough the study of sales and receivables internal controls in GX Company. It will affect thefuture development of enterprises if these vulnerabilities haven’t been solved.This paper use the idea of cybernetics and systems theory, under the guidance of ourinternal Control System, comprehensive use questionnaires, observation, inquiry, relateddocumentary evidence inspection and other approach to study the GX Company’s internalcontrol aspects of sales and receivables. Analysis the GX Company’s internal control aspectsof sales and receivables from the five elements of internal control: control environment, riskassessment,control activities, information and communication, monitoring. Make a suggestionof GX Company’s corrective recommendations of the problems and help GX Company toimprove internal controls. At the same time I also hope to provide a basis to other companieswhich in the same industry.