HHSTU Rear Service Group Company Financial Monitoring And Control Improvement Study

China's economy has been making lots of adjustments to coordinate with the development of global economic development.Under the guideline of the national policies,the operation of group corporations started to shift from single operation model to multiple operation model.under the current operation model of group corporation,finance monitoring and control has been involved with every part of the company's operation,it also is the guarantee of the healthy and sustainable development of the group corporation.The selection and implementation of the appropriate financial control model can assist in the effective management of subsidiaries and realize the multiple objectives of group corporations,furthermore,the competitive ability of group corporations also will be enhanced.Therefore,the optimization of the financial control model is crucial to the management of the corporation.In this essay,the problems of the financial control of HHSTU rear service group corporation are analyzed,theproblems include inappropriate financial structure;over-decentralization of cash management,incomplete cost management system;lacking of formal regime of audit supervision;lacking of feasibility of the budget management,unreasonable management system of tax management;and lacking of financial risk system.Then,base on the financial control theories and the current situation of HHSTU,it is found the combination of centralization and decentralization is most suitable to HHSTU.Lastly,it is recommended that HHSTU should enhance their financial control system form the following perspectives: improving financial system;strengthening the centralization of cash management;enhancing the management of financial staff;promoting the construction of Information system.Also,to ensure the effective implementation of the above measures,it is suggested following steps should be established: forming financial risk system;establishing the internal audit committee;strengthening the auditing management regime.This paper studys the financial management and control model of rear service group corporation,it can help the corporation achieve the objective of diversifieddevelopment,meanwhile,it provides management advices about the selection of appropriate financial control and management model.This also make the study of this paper has practical and theoretical meanings.It also can offer some suggestions for other colloege's.When they design and optimize their financial control and management model.