The Research Of Risk And Prevention Measures In Group Enterprise Financial Shared Service

Nowadays,the economic globalization is accelerating the pace of development opportunities.In order to be greater,the enterprises need to expand their business scope and product coverage area constantly,to gain more market share and larger economy effect.As a model of resource integration management,financial shared services mainly standardize financial activities in process reengineering,to reduce costs,improve service quality,enhance the efficiency of business processing purpose.Now,financial shared services have been widely used in domestic and foreign Multi-National Corporation,and it is proved that the benefit is remarkable.Although the introduction of the model relatively late in our country,but now there are more and more enterprises in the financial shared services gradually trial.The scale of group enterprise increase heavily under the environment of economic development,market competition and economic globalization.In order to expand market and win the competition,they constantly set up embranchments.Subsequently,more financial departments,rising cost,large amount of calculation,information redundancy gradually become a universal phenomena.In 2005,ZTE group enterprise reformed the financial management mode through "process reengineering,centralized accounting,establish standards,Shared services".They established the Financial Shared Services Center(FSSC)and finally solve the above problems.Their success lead FSSC trend and get the Ministry of Finance's attention.However,the process has to face the change of organization,personnel,processes,systems and external environment,it is complex and difficult.Some group enterprises failure to deal with the problem and get into troubles,and some other large state —owned group enterprises dare to implement it.When analysis its reasons,we find that the risk problem is ignored.Based on scale economy theory,competitive advantage theory,standardization theory,process reengineering theory and risk management theory,this paper choose the perspective of group enterprise implement FSSC's risk to analysis its risk problem and put forward the risk countermeasures.Thesis research mainly around the following aspects:Firstly,from financial sharing concept to discuss the differences between traditional financial management mode and financial sharing mode,then analysis the advantages of financial sharing mode,put forward the connotation of group enterprise implement FSSC's risk and analysis its characteristics.Secondly,according to COSO internal control and the overall enterprise risk management framework,identify the group enterprise implement FSSC's risk and establish risk index system,which include strategic planning,organization and management,personnel changes,processes changes,information system construction,tax and financial management.Then analysis the risk consequences and make assumption between the risks and the consequences.Finally using the questionnaire survey and mathematical statistics method to classify,sort risk and carry out the related degree analysis on different risks and consequences.Thirdly,according to the result of risk analysis and different risk categories,puts forward some counter measures for risk prevention and control.