The Research On Internal Control Of Overseas Sales And Collection In Company T

With the strategic transformation from “Made in China” to “intelligent manufacturing in China”,“Made in China” is no longer the code word of cheap and rustic.Many excellent local manufacturing companies has emerged and is trying to expand their business affairs to overseas countries,the case which this thesis analyzed is the representative of these enterprises.While the overseas market is to be explored,the risk such as policy risk and currency risk can not be ignored.To recognize,assess and control these risks,enterprises need to formulate well-directed internal control system to guarantee the safety of overseas business affairs,and to maximize profit.Around the sales and collection cycle of company T,this thesis mainly analyzed the defects of internal control of overseas subsidiary and put forward many proposals to help to supply some reference for the entire manufacturing industry.Firstly,this thesis briefly introduces the background of company T,the practical significance of this article in improving the industry internal control.Then according to the features of overseas business,overview the internal control theory of overseas business,combined with my working experience as international accountant in company T for about one year,this thesis is aimed at offering some practical suggests for the safety of overseas business of company T.From the study we mainly found several defectives of the overseas business internal control of company T: weak internal control environment,uncompleted risk assessment elements,untargeted control activities,insufficient communication and formalized supervision.To solve the above problems,the improvements and proposals are as follows: develop the consciousness of internal control and compliance of overseas employees,rationalize key performance indicators of salesmen to help them focus on the overseas risk,found systematic overseas business risk assessment system and overseas business risk forewarning model,purchase export credit insurance for every overseas orders and prepare customer rating score table to guarantee the safety of account receivable of overseas business,the last one is to take advantage of the supervisory function of the headquarters to supervise the overseas business.