Study On Internal Financial Control Of A Company

At present,the domestic economic development is experiencing transformation and upgrading,the development of enterprises should meet the needs of the community,to provide better quality,higher levels of product.Now,efficient internal management of the enterprise become the key to success in addition to successful brand or good product.Internal financial control is an important part of internal management and the key to the improvement of the competitiveness,but it usually ignored by senior managers and decision makers.The paper based on the case of A company,use case study method,combine theory with practice,describe company profile including organization structure,functional division,budget activity,business processes and so on.Some problems are found in the company such as drawbacks of corporate governance,poor budget management,imperfect control in the circulation process,ignore financial risk and so on.The cause of the problems are analyzed later.Finally,optimize the internal financial control of the A company from the following six aspects.In the aspect of environmental control,the main consideration contains the improvement of governance structure,the role of internal incentive and insider relations.In the aspect of financial risk control,considers the establishment of financial risk management framework.Conducts risk identification,risk early warning and response within the framework.In the aspect of activity control,the key point is the key controls in major business and financial activities.In the aspect of information system,the main consideration include promote ERP system on line,integrate and share internal finance and related business information.In the aspect of internal supervision,special consideration should be given to the strengthen the function of internal audit,standardize and strengthen the function orientation,organization establishment and system specification.Finally,measure of safeguard are put forward to ensure the optimal design.From the present situation of the A company,combined with the company's future planning,analyze the current situation of internal financial control,find the problem and optimization,finally put forward the safeguard measures.I hope the optimization design for the A company will be beneficially in the future.