F Union's Financial Internal Control Management Has Problems And Countermeasures

With the rising intensification in market competition,the financial management work becomes increasingly important.It casts a significant implication in the achievement of projected operational goals,the protection of the completeness of assets,and the improvement of efficiency of management,meanwhile exerting a function of improving and stabilizing the industrial development.As one of the significant components in financial management tasks,financial internal control is especially vital since its inseparability to the survival and further development of management work.It has become an important theory and practical research focus in the contemporary accounting industry.This paper worked on financial internal control as the research focus.On the basis of investigation of the effectiveness of the execution in financial internal control inside F-Federation and its hosting units,and then the reason of the problems existed in financial internal control management was then analyzed and deducted.Relevant implication and recommendation was provided specifically for the establishment of financial internal control system on a practical operational basis,leading a direction and demonstration for the financial internal control of not-for-profit organizations.This paper was constituted by five parts:the first part was introduction,providing an illustration of the research background,research goal and implication,research substance and methodology.The second part was theoretical review of internal control.Theoretical foundation was provided for further research study of the financial internal control of F-Federation,with the illustration of domestic and international theory and present research status of internal control,and the summarization of the importance of internal control under different views of corporation internal control,taken from the diverse perspectives of various positions.The third part was the demonstration of existing problems of financial internal control management inside F-Federation,and analysis of the cause of their formation.Implementing procedures of the current internal control of F-Federation and its hosting unites were collected by methods such as survey and interview,followed by the demonstration of the typical problematic scenarios.Analysis of the existing problem and the reason they occurred was also provided.The fourth part was the solution and recommendation.Suggested implementations were provided aiming to amend the defects of the internal control system inside F-Federation,such as building financial internal control system,establishment of corporate responsibility from leading group,improvement of overall capability of related employees,improvement of supervision system,taking consideration of the specific characteristics among NFP organization.Budgeting-focused internal control system were suggested for further establishment,and illustration and explanation for the risk area in internal control along with the managerial procedures were provided.The last part was the conclusion,providing the summarization of the research achievement and deficiency of this study.This paper was accordance with the specific characteristics of operational activities and financial accountancy in NFP organization,and specific implication was provided for F-Federation.Certain reference significance could be provided to the NFP organizations for the adaptation of internal control management.