Research Of Funds Internal Control System Of Company N

The goal of business is survival, development and profitability. The rapid development of modern society makes the competition among enterprises gradually intensified. It depends not only on excellent product quality and good service awareness, but also on a internal scientific, reasonable and effective, perfect management system to enhance the competitiveness of enterprises. However, the core of these systems is the internal control system. Internal control system means that all levels of management in a company use their internal division arising from mutual restraint, mutual relations contact, through the division of responsibilities, authority approval, budget control and other control methods, measures and procedures, to form a series of internal supervision system with standardized and systematic control functions. Scientific and rational system of internal control can help companies achieve strategic objectives. Sound and effective internal control system can improve the operational efficiency of enterprises, to ensure that operating results. Tight sound internal control system can reasonably guarantee the authenticity and reliability of financial reporting and management information to protect the security and integrity of assets.Fund is an important part of corporate assets, It mainly include cash, bank deposits and other money funds. The importance of monetary funds of enterprises, like water significance for human life. Because only monetary capital has the capability of equivalent exchange. It is a prerequisite for normal production and business operation activities to hold sufficient monetary funds. It is the basis for enterprise development and growth. But at the same time, It is also a very special monetary fund assets, which has the most liquid, the minimum security features. If the business is defective in monetary funds control, then its internal controls must be valid. It is likely to face significant losses. Therefore, how to design an effective funds internal control system to ensure the safety monetary funds and improve capital efficiency is the main problem faced by every business and problems.In this paper, following the requirements of the relevant documents, Such as "Basic Standard for Enterprise Internal Control", "Application Guidelines for Enterprise Internal Control" and so on, by a two-month field research, We learn more about the status of the funds internal control system of Company N. In-depth analysis of the deficiencies which exist, We propose appropriate solutions. The main frame contents are as follows.First chapter introduces the research background and significance. And domestic and foreign research literature on the topic were reviewed and comments. We found that the current domestic mainly focus on the nature and elements of internal control, effectiveness, system design and evaluation system modules start. This research has generated a lot of literature, and have achieved certain results. However, some studies only scratch the surface, or on existing literature and internal control provisions of rote. It can board the authoritative research journals is less and evaluation of the practical application of business realities is lack. Theoretical study is currently in a period of transition to the test of practice.The second chapter is Funds Control Theory. From the theoretical basis of internal control, the target company controlled by internal funds and currency risks, and critical control point currency controls three aspects of internal funds elaborated the theory of internal monetary funds.The third chapter is In-depth analysis of the deficiencies which exist in Company N. From such as internal supervision five elements of a profound analyze its causes. We found Company N had some problem. Such as awareness of the presence of weak internal controls, lack of monetary funds control system construction, unseparated incompatible positions and so on.The fourth chapter is the overall design concept of this article. It is in the internal control objectives as a guide, to improve the internal governance structure and internal control environment as a precondition, with the relevant laws, rules and regulations as the basis and criterion, on the basis of the comprehensive research and diagnostics, to resort funds internal control system and process system of Company N. Make it more scientific, systematic and standardized. From the five elements of internal control specific aspects of monetary funds were raised internal control system optimization program of company N. Including continuously improve the quality of business managers, establish modern enterprise development concept; a clear division of responsibilities, adjust the position set; sound financial business license approval system, optimizing the approval process; improve capital expenditure plans, capital budget management system established; strengthen basic accounting work management; establish financial analysis reporting system and so on.The fifth chapter is conclusion. Throughout the entirety, We have such conclusion. First of all, through the elaboration of the research background and significance, We think that it is necessary to Strengthen the construction of funds internal control system of Company N. This not only adapted to the needs of their own development, helping to reduce liquidity risk, to ensure the safety of funds; also adapted to the external state-owned assets supervision and administration requirements. Second, We Put forward the corresponding proposal from the five elements of improvement, for the weak point of the internal control system of Company N. These proposals have a strong relevance and operational. The test has been run in the Company N, and had good results.