Research On Internal Control Of Fixed Assets Of X Petroleum Administration

With the continuous development of economic globalization and the continuous improvement of the market economy,the competition among enterprises is increasing day by day.In order to upgrade the competitiveness of the market,enterprises must constantly improve their products and services while introducing modern management methods to continuously improve their management level.In the development of enterprise,many enterprises collapsed due to internal control defects,so it’s of great significance to constantly improve the internal control system,strengthen the internal control and supervisory mechanism for the healthy development of enterprises.The construction of internal control system involves all aspects of the enterprise,and fixed assets are an indispensable part of it.As an important component of an enterprise’s assets,fixed assets are characterized by high value,variety and large proportion.Therefore,the effective management of fixed assets and the improvement of their internal control systems are essential for improving the utilization efficiency of fixed assets,saving the operating costs of enterprises,and expanding the scale of production of enterprises.Based on the research of internal control of fixed assets,this paper analyzes the internal control of fixed assets of X Oil Management(XOM)company in detail.First of all,based on the related concepts and theories of internal control of fixed assets,this paper sorts the principal-agent theory,cybernetics and risk management theory,which lays the theoretical foundation for this paper.Secondly,this paper analyzes the status quo of the internal control of fixed assets of X Oil Management(XOM)company from the business objectives,business risks,business processes and key control points of the fixed assets management of X Oil Management (XOM)company.Thirdly,this paper studies the problems existing in the internal control of fixed assets of X Oil Management(XOM)company,and systematically analyzes the causes of these problems.Finally,according to the problems found in the research process,this paper proposes a risk-based plan for optimizing the internal control system of fixed assets and puts forward measures to improve the internal control of fixed assets of X Oil Management(XOM) company.