The Research On Internal Control Of Fixed Asset For HNC Telecom Company

Along with social and economic development, more and more enterprises pay attention to the importance of internal control to the orderly development of their production and operation. Therefore, many companies set about establishing an excellent internal control system. Telecom industry especially specialized telecom maintenance company's fixed asset accounts for more than 80% of total assets. The quality of fixed asset and overall level of technology mirror an enterprise's core competitiveness, thus, excellent internal control over fixed asset is an important link in the process of an enterprise's internal control. As everyone knows, fixed asset is generally featured by long-term usage time and overall weak liquidity. As time passes, it will be overlooked by the manager and cause problems such as chaotic management of fixed asset, false account of fixed asset and inefficient entire utilization. After a long time, the poor management of fixed asset will result in the enterprise's losses and increase its unnecessary expenditure, so as to seriously impact the enterprise's realization of operation target and its long-term development in the future.This paper takes HNC Telecom Company as research object and uses literature analysis method, field investigation method and case analysis method to comprehensively illustrate problems in HNC Telecom Company's internal control system of fixed asset. Then it conducts a deep analysis of the reasons for these problems and proposes targeted measures and recommendations for improvement. The paper is composed of five parts. The first part is mainly to introduce the research background, research status at home and abroad, research train of thought, research methods and research contents. The second part is to present relevant theories, including principal-agent theory and internal control theory. Chapter 3 is to illustrate the present state of HNC Telecom Company's internal control over fixed asset. In specific, it introduces the specific status and problems of HNC Telecom Company's current internal control over fixed asset. Chapter 4 is to analyze the reasons for problems of HNC Telecom Company's internal control over fixed asset. Chapter 5 is to propose measures and recommendations for improvement of this company's internal control management of fixed asset. At last, a comprehensive conclusion of the paper is made.