A Study On Improving The Internal Control Of J Company's Monetary Funds

With the development of The Times,the competition among enterprises becomes more and more fierce.When evaluating the competitiveness of enterprises,we should not only take product types and product quality as evaluation indicators,but also take management ability and management system as evaluation criteria.its core is the internal control system,it can help execut in an orderly manner,and also help to better achieve the company's strategic goals.Monetary funds can be said to be the blood of business operations.They are characterized by high risks,strong liquidity and low security.They are the most difficult assets to control.Therefore,internal control of funds has become the top priority of internal control activities.Through the research of this paper,on the one hand,it will help to further enrich the theoretical research system of China's monetary capital internal control.On the other hand,it will help J Company to have the income of the company's monetary funds.The expenditure can be rational and orderly,and it can also enable J company to enhance its own profitability,realize its own value and sustainable management,and have important significance for the development of the enterprise.Among them,state-owned enterprises,as the pillars of China's national economy,hold the economic lifeline of the country and are related to the success or failure of China's economic and social development and socialist modernization.Compared with enterprises in developed countries,the establishment and implementation of the internal control system of state-owned enterprises in China started late,and there are obvious gaps in the implementation effect.The internal control system of many state-owned enterprises still cannot function effectively.Therefore,this paper studies and draws on the research results of the internal control of existing monetary funds at home and abroad,introduces the concepts of monetary capital and internal control,and mainly selects the state-owned enterprise J company as the research object,and studies.In-depth analysis of J company's monetary capital internal control development status,existing problems,optimization suggestions and so on.The following are specific: 1 Control Environment: No Audit Committee,younger staff,lack of experience,shortage of high-level talent;lack of Human Resources Compensation Policy;lack of independence of internal audit department.2 Risk Assessment: Risk Identification Ability needs to be improved;risk analysis is not in place.3 control activities: incompatible posts with insufficient separation;unclear authorization approval.4 Information and Communication: Business Process is long,communication efficiency is low;information transmission distortion.5.Financial Oversight: Lack of internal audit institutions;neglect of ex ante controls.In view of the problems existing in its internal control,this paper puts forward the corresponding measures from the following aspects,the main measures are: 1 Control Environment:The establishment of Internal Audit Committee;Absorb high-quality talents;reasonably plan the salary grading system;2 Improve the internal system of the department.Risk Assessment to strengthen the awareness of risk assessment prevention,correct selection of risk control methods,risk subdivision,strengthen the ability to deal with risks.3Control Activities: strengthen the control of Job Division;strengthen the control of authorization approval.4 Information and Communication:Strengthen Information SystemControl;improve internal and external communication.5 CAPITAL SUPERVISION: Establish Internal Audit Institutions;strengthen the early warning and prevention of corporate risks.