Research On Internal Control Of Sales And Receivables Of WX Company

With the economic globalization and the improvement of resource validity of factor allocation,especially the development of modern Internet,big data and other information technologies,profound changes have taken place in the operation mode and management system of enterprises.The importance of internal control in enterprise management has becoming increasingly prominent.It is an important basis for enterprises to prevent and resist operation and environment,reduce agency cost and realize sustainable development.Effective internal control system should be improved according to the operating environment,products and technical process of different enterprises,so that each has its own emphasis.The development of modern internal control theory requires that internal control should be based on enterprise strategy and analyze by integrating enterprise control environment,risk assessment,control activities and other elements,then in view of the enterprise actual design enterprise internal control structure,achieve the goal of internal control.WX company is a whollyowned subsidiary of a large aluminum group in China.It mainly produces the most refined single zero aluminum foil and double zero aluminum foil processing,and its sales covering the major domestic air conditioning manufacturers and large single zero foil downstream customers.Especially with the promotion of national policies,The company grasps the leading enterprise advantage of domestic aluminum foil products,actively adjusts the industrial structure,takes the lead in the field of new energy automobile battery electrode aluminum foil,improves the enterprise competitive advantage,and consolids the market position.However,at the same time of expanding sales,the company has neglected the internal control of the enterprise,especially the lack of internal control of sales and collection business closely related to operating profit,which makes the enterprise operation have certain hidden dangers.This paper takes the internal control of sales and collection business of WX company as the research object.Firstly,it briefly describes the background and significance of the research,the current research status at home and abroad,and the main content and structure framework of the paper.Secondly,the internal control and sales and collection business internal control theory.Then,proceed from the five elements of internal control and combining with the current situation of internal control of sales and collection business of WX company,the analysis found that WX company has problems such as improper human resource management,incomplete risk assessment mechanism,unreasonable business process,imperfect customer credit management,lack of internal communication and internal supervision.Finally,according to the problems and reasons,the feasible measures are put forward.The study of this paper is conducive to improving the internal control mechanism of sales and collection of WX company,improving the enterprise’s ability of risk identification and response,improving the enterprise’s organizational structure and human resources,so as to improve the enterprise’s economic benefits and achieve stable,healthy and sustainable development.At the same time,as the leading enterprise of single zero aluminum foil and double zero aluminum foil,WX company studies and analyzes this enterprise,and also plays a certain role of reference and reference for other enterprises in the internal control of sales advance payment business.