Research On Internal Control Under T Group Financial Sharing Mode

The development of the market economy has enhanced the strength of enterprises and boosted the emergence of enterprise groups and even multinational corporations.However,while enjoying the benefits brought about by the expansion,enterprises are also facing insufficient management and control,personnel redundancy and operation caused by the huge organization.Large enterprises such as low efficiency and difficult data statistics are sick.To this end,the enterprise group has established a financial sharing center based on the ERP system,and centralized the basic accounting work of each sub-branch to the financial sharing center for standardization and process processing.The effective implementation of financial sharing is inseparable from the effective operation of internal control.Only when its design is reasonable and implemented,the financial sharing center can maximize its value.In order to optimize the organizational structure of the enterprise,many large enterprise groups in China have successively established financial sharing centers.However,there are many shortcomings in the design and operation of internal control,which makes the financial sharing center face greater operational risks and the implementation effect is greatly reduced.The research object of this paper is a multinational company.It has accumulated a certain amount of experience abroad before establishing a financial sharing center in China.The internal control system of its Chinese company based on financial sharing mode is also relatively mature.The innovation of this paper is to select more mature enterprises as the research object,analyze the relevant internal control elements that promote the effective operation of its internal control,and provide unique experience for enterprises that intend to implement or are implementing financial sharing.This paper introduces the internal control of T Group's financial sharing mode in six parts The first part introduces the research background and significance,as well as the domestic and international research on financial sharing and internal control.The second part elaborates the related concepts and theoretical foundations of financial sharing and internal control.The third part introduces T Group and its financial sharing center.On this basis,it introduces the effective aspects of internal control operation under the financial sharing mode from the perspective of five elements of internal control.The fourth part points out that there are still some problems in the T Group that affect the efficiency and effectiveness of the operation,such as the separation of business and finance,the flaws in the control activities,and the inability to update and maintain the shared system.The fifth part puts forward specific optimization suggestions for the problems faced by the financial sharing center.The sixth part draws the conclusions of the study,and also points out the shortcomings in the research,and puts forward the prospect of future researchThrough the research in this paper,it can be concluded that if an enterprise group wants to establish a financial operation center that operates efficiently,the premise is to improve its internal control system.First,the enterprise group should pay attention to the importance of controlling the environment for internal control,strengthen the organizational structure adjustment to achieve the separation of incompatible posts,and strengthen the construction of human resources team.Secondly,the risk management committee needs to regularly identify and evaluate the internal and external risks that the group may face and take countermeasures.As for control activities,companies need to apply internal control methods to the daily business transactions between business units and financial sharing centers to improve work efficiency and strengthen group management.In addition,it is necessary to strengthen the construction of information systems and improve the communication between the financial sharing center and various business units as well as suppliers and customers.In the end,if the financial sharing center wants to develop smoothly,it cannot do without internal supervision.Through continuous supervision and separate evaluation,the internal control in the financial sharing mode is effectively operated.