Improvement Research Of HKA Company Purchase And Payment Cycle Internal Control

At this stage, in addition to banks and other robust financial sector relatively sound internal control, the majority of companies do not own through a combination of the special nature of the industry, effective internal controls. And effective internal control can enhance the company’s productivity, prevent the loss of funds, the company daily business activities under normal and orderly circumstances. Private enterprise is an important part of our national economy, economic development and social stability plays an important role. The procurement and payment aspects of business operations is the very lack of control while the main part of the procurement and payment process, whether related to the implementation of effective control, is directly related to how much economic benefit obtained. Therefore, private enterprises need to effectively regulate their own internal control in order to be in a good position in the fierce market competition.This article is divided into five parts:The first part is an introduction. It introduces the background and significance of the research, summarized the main framework and purpose of this study, while other scholars about the theory before purchase and payment aspects of internal control issues to make research literature review. The second part is the theory. It is divided into two modules. The first module introduces the definition of internal control and internal control and other aspects of the theory of five elements, the second module describes the procurement and payment aspects of the theory and the theory of critical control points. The third part is the body of the case. First, to be brief on the basic situation HKA Co., Ltd., and from the procurement budget, purchase, vendor management, contract approval, acceptance and storage of cash shortage HKA Co. identify six aspects of the link exists. The fourth part is the case study. This part of the application of theoretical knowledge to analyze these shortcomings, the root cause of the critical control points control from defects for HKA Corp. purchase and payment cycle internal control problems in a comprehensive analysis. The fifth part is case revelation. The link for HKA Co. shortage actually exists, to be proposed to improve the general idea and details of countermeasures. In a further improvement HKA Internal Control, increase the company’s market competitiveness, but also to provide some reference for other reference private enterprises purchasing and payment cycle improvement and development of internal control.