| In the past 40 years of China's reform and opening up,small and medium-sized enterprises have become the important pillar of national economy.Private enterprises related to capital market especially dominate the top positions in economic entities under diverse foms of ownership.In the process to go public,problems with regulation operation and financial accounting are the two major reasons why IPO fails in China.Problems with regulation operation lie in the internal control,legal compliance,capital occupation,corporate governance,asset ownership,etc.Problems with financial accounting lie in the accounting basis and accounting treatment.After going public,regulation operation is still the iron rule that companies must keep.Based on the systematic analysis of internal control theories and performance evaluation theories,this thesis takes T company as the research object and further studies its financial management process.The study finds that there are some issues exists,such as the weak internal control(including unreasonable organizational structure,unclear division of labor,inexplicit,financial authorization),the lack of assessment and control of financial risk,distortion of financial reporting and so on.The essay explores these issues and puts forward some suggestions to optimize them.Compared with the corporate governance and management efficiency before and after,this study finds that these optimization measures do take effect to T company.This study not only improves the corporate governance and management efficiency of T company,but also provides a good example for the private enterprises which are going to go public.These internal control issues with T copmany's commonly exist in other private enterprises in China,which puts a brake on their development and once solved,those companies will get a faster development,which will actively promote the development of the capital market and transformation and upgrading of the overall macro-economy of China. |
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