The Research On Internal Control Of Funds Of H Company

Funds management, as the blood of a company, was essential to Enterprises as long as business activities were involved. The rationality of the internal capital control system design is a basic condition for healthy development of enterprises, and only good internal capital control system could ensure enterprises operated normally. For state-owned grain and oil companies, policies, strong cash flow, closed funds run make the requirements higher of how to play the full and efficient use of funds, guarantee the funding circle runs secure and stable. Therefore, building a improved funding system of internal control is particularly important.This paper adopted relevant theories and existing research achievements of internal control of funds, with H company as the case background, focus on its internal capital control status, found out existing problems and analyzed its reasons, concluded its defects in the weak internal control awareness, financial risk management, financial process specifications, information systems control supervision system aspects and problems caused by unreasonable financial plan, capital payment irregularities, weak capital inventory efforts in funds control activities. Subjected to H company’s strategic plan, based on the principles of Liquidity, security, and efficiency in funds management, Combined with the content of funds control of China promulgated Basic Standard and application guidelines for Enterprise Internal Control, refer to some financial management methods such as control environment, the overall budget, capital payment, authorized to approval and separation of incompatible duties, accounting systems,monitoring and so on to achieve improvements of sound risk control, Implementation of a comprehensive budget, proper progress on payment of funds, effective supervision, healthy environment construction and better funds information system by reforming the internal financial control system of H company.