Research On Internal Control Optimization Of H Financial Leasing Company's Leasing Business

In recent years,the Chinese economy has developed steadily and rapidly.With the support of various favorable policies,the financial leasing industry has ushered in a golden period of development.According to data from the China Banking Association,by the end of December 2017,the balance of financial leasing contracts of 69 financial leasing companies that had already exceeded 2 trillion yuan.In 2017,the net profit of the total financial leasing industry reached 28.292 billion yuan,which was 26.46 times that of 2008,with a compound annual growth rate of 43.9%.Among them,there were 9 companies with a net profit of more than 1 billion yuan,and 39 of them whose net profit was more than 100 million yuan.H Company is a Financial Leasing Company as well as a non-banking financial institution approved by the China Banking Regulatory Commission.The company has a registered capital of 3 billion yuan and its main business is leasing business.Since it is established,the company's leasing business has maintained a rapid growth.At the end of 2017,the company's leasing business balance was 27.039 billion yuan,an increase of 8.484 billion yuan from the end of the previous year of 18.555 billion yuan,with a growth rate of 45.72%.Besides,H Company's net profit in 2017 is more than 300 million yuan.However,behind the rapid growth of business scale,the lack of internal control of H Company has gradually emerged,which is not conducive to the company's sustained and stable development.Based on this,this paper selects H Company as the research object,uses internal control theory to describe the status quo of internal control of leasing business,meanwhile,this paper summarizes the problems of H Company as well,and proposes specific feasible optimization plan and guarantee mechanism.This paper mainly uses literature research method,case study method and comprehensive analysis method to conduct research.The content of this paper is divided into five parts.The first part is the introduction.This part mainly expounds the background and significance of the research,the literature review of home and abroad,the research route,research methods,and the innovation of this paper.The second part is the related concepts and theoretical basis.This part mainly introduces the related concepts of financial leasing,internal control and the theoretical basis of internal control.The third part is the analysis of the internal control status of H Company,this part first introduces the basic situation of H Company,the analysis of the status quo of internal control of leasing business from the perspective of five elements of internal control,and finally pointed out the problems in its internal control of leasing business.The fourth part is about H Company's internal control plan and guarantee mechanism of the leasing business,this part first emphasizes the principle of optimizing the internal control of the leasing business,secondly discusses the H Company's practical plan to optimize the internal control of the leasing business,and finally proposes the safeguard measures for the internal control of the leasing business;The last part is the summary and prospect of this paper,this part summarizes the research work of the thesis and points out the shortcomings in the research,and look forward to the future.The innovation of this paper lies in the selected research objects and cases.Because of the lack of foreign and domestic academic article and there is a lack of research on the internal control related content of leasing business as well.This paper innovatively selects H financial leasing company as the research object,combines the basic theory of internal control of enterprise,and studies the current status of internal control of leasing business.On the basis of theoretical analysis,this paper focuses on analyzing the status quo of internal control of leasing business of H Company,pointing out the remaining deficiencies,and puts forward the principles,plans and safeguard mechanisms for optimizing the internal control of leasing business,which are innovation and operability.The analysis of H Company has reference to other financial leasing companies which are at the same stage of development.