Research On Internal Control Of Sales And Receivables Of WHDT Cap Manufacturing Co., Ltd

In order to revitalize the equipment manufacturing industry,the state has issued a series of supporting policies in recent years.These policies have greatly stimulated the market demand of caps.At the same time,according to the research group of refrigeration and air-conditioning equipment industry,demand of central air-conditioning from commercial buildings,public buildings and large villas is still in the growth period,and the area of commercial real estate is also growing rapidly.The case company selected in this paper is WHDT Cap Manufacturing Co.,Ltd.The company has formed a comprehensive system of production,sales and R&D,and is a supplier of many well-known central air conditioning manufacturing enterprises and facing a more favorable prospect during the 13^th Five-Year Plan period.Based on the analysis of the present situation of the internal control of sales and receivables in WHDT Cap Manufacturing Co.,Ltd,this paper summarizes the problem existing in the internal control and analyses the causes of the problems,and then put forward pertinent proposals.Through the case study of internal control of sales and receivables,the paper draws the following conclusions:Firstly,there are defects in internal environment,risk assessment,control activities,information communication and internal supervision,such as weak pertinence of risk assessment criteria and lagging emphasis of receivable management;secondly,the company should implement practical measures to solve the problems,such as defining risk assessment criteria for sales and receivables,and strengthening the daily management of receivables.