Research On Risk Management Of Accounts Payable In HB Company

As a top 500 enterprise in the world,HB Company is becoming more and more mature under the background of market economy.A rapid response to changes in the market environment is needed to avoid the risks associated with expanding the business.A sound internal control system allows companies to identify risks and avoid them in advance.Reducing the losses that may be brought to an enterprise.The integrity system in today’s society is not perfect,and there is also a competitive relationship among the enterprises,which exacerbates the probability of fraud in payment and other links.HB is an automobile manufacturing enterprise.With a large number of suppliers,accounts payable is a necessary activity in the company’s day-to-day operations,Effective control of accounts payable can ensure the operation of enterprise funds,sound internal control of accounts payable is conducive to reduce the risk in the payment of money funds,timely liquidation of accounts payable can also improve the business credit of enterprises,To protect the integrity of enterprise funds.HB Company attaches more importance to the management of accounts payable and has a relatively sound internal control system of accounts payable.However,there is still an imperfect examination and approval mechanism,which is not carried out in accordance with the rules and procedures,and the supplier information is not well managed.Lack of advance invoice management rules,poor communication with purchasing department,failure to establish effective liaison mechanism with suppliers,failure to establish ex post facto price review mechanism,etc.On this basis,This article will deeply analyze the risk existing in the management of accounts payable in HB Company,combine the development characteristics and control objectives of the company,and carry on the problems in the management of accounts payable in the evening,and establish the accounts payable within the accounts payable.The supervision mechanism of the Ministry will promote the enterprise to carry out the management of the accounts payable further and control the risks of the accounts payable.This paper first introduces the research background and significance of the article,summarizes the current situation of domestic scholars’ research on the risk of accounts payable,and then summarizes the related concepts of accounts payable and risk management.The paper also introduces the current situation of risk control of accounts payable in HB Company,including purchase,selection and management of suppliers,contract approval,warehousing acceptance,financial records,payment and so on,and points out the problems and shortcomings in these links.Finally,the paper gives some suggestions on the risk control of accounts payable of HB Company,and makes a step to perfect and define the job responsibilities of different business types,and finally gives some suggestions on how to control the risk of accounts payable of HB Company.Establish relevant rules and regulations,make employees and management have evidence to follow.Comb payment business process,make payment business more reasonable,can better identify and deal with risks,reduce the probability of risk to the minimum.This paper not only establishes the risk control system of payment link for HB Company,but also has certain reference value for the design and establishment of internal control system of accounts payable in other manufacturing enterprises in China.