A Study Of Internal Financial Control Of S Petrochemical Corporation

Under the social background of accelerating process of economic globalization, not only is the development of enterprises affected by the domestic policy and economic environment, but also the international situation and the change of the market environment cannot be neglected. If enterprises want to occupy a place in the competition in which both opportunities and challenges exist, innovation and development is the only key. In the case of modern enterprises, effective internal financial control is one of the important means to prevent and avoid risks. As internal financial control is involved in the whole process of financial management, to establish a sound internal financial control mechanism can enhance the management level of enterprises and reduce business risks.Under the background of oil and natural gas industry, using the method of combining theoretical research and case analysis and based on the findings of domestic and international internal financial control research, this thesis analyzes the operation and management of financial situation of S Petrochemical Corporation using the theories of internal control and financial management to find the existing problems of internal financial control of this corporation. It also puts forward innovative, operational suggestions for improving internal financial control of S Petrochemical Corporation by learning from the advanced experience of internal financial control and combining with the domestic social and economic environment of the enterprise and the data collected in the actual survey.Effective internal financial control can reduce business risks and improve business efficiency. This thesis provides a new way for the internal financial control of small scale oil and natural gas corp. It also puts forward some specific measures to carry out Vertical internal financial control in a single project, establish the linkage of internal financial control management mechanism and a supervision and evaluation mechanism based on internal audit to assess the potential risk control costs. These measures can carry out internal financial control system in the specific operational level to enhance the ability of enterprises to resist risks and to improve the efficiency of enterprises.