| On December 13,2013,NEEQ(National Equities Exchange and Quotations)became a national securities exchange.Along with the main board,small and mediumsized board and GEM,it constitutes a multi-level capital market system in China.As of December 2018,the number of NEEQ listed company has reached 10691.The development of NEEQ is of great significance to help those companies standardize their operation,improve their financing efficiency and expand their visibility.The degree of financial standardization of enterprises reflects the management level and management quality of enterprises,and is the key point of examination.However,the number of small and medium-sized enterprises in our country is huge,the good and the bad are intermingled.Financial regulations have become a stumbling block on the way of NEEQ listing for some enterprises,and also the primary problem that enterprises need to solve when preparing for NEEQ listing.In this paper,the financial regulations of JH company to be listed are studied.Through reading Chinese and foreign literature,we can understand the current academic and practical circles’ discussion on the NEEQ and financial regulations.After that,the author collects and counts 200 feedback opinions of the companies applying for listing,and summarizes the frequent financial norms and financial issues of the companies that are going to be listed on the NEEQ,which can be divided into three categories,they are: basic accounting,special economic matters and system construction,and then describe them one by one.Based on the above research,the author designs a checking procedure for the financial regulations of the NEEQ to be listed companies.Applying it to JH Company,the case study object of this paper.The author finds that the main financial norms of JH Company are: private card settlement,large amount of cash transactions,irregular sales and income recognition,irregular cost accounting,incomplete salaries of employees,a large number of related-party transactions,and funds occupation by shareholders,the company’s financial management mechanism are not standardized and lack of internal control system,etc.And then relevant normative suggestions are given.At the same time,this paper also gives suggestions on financial norms for many companies to be listed on the macro level.NEEQ is a unique equity trading market in China,and Chinese scholars have little theoretical research on NEEQ financial regulations.Therefore,there are few documents for enterprises to study and provide reference.They have not thoroughly understood the requirements of NEEQ financial regulations and have gone through many detours in the process of applying for listing.The purpose of this paper is to help JH company solve the current financial norms and remove the obstacles to listing.On the other hand,it is also a reference for more small and medium-sized enterprises preparing for NEEQ listing,so as to help them better understand the requirements of the NEEQ listing financial regulations and define the objectives of the financial regulations,and give them some suggestions. |
