Case Study On Internal Control Of Sales Business Of W Steel Company

At present,facing the continuous downward pressure of the global economy,the price of international bulk commodities such as iron ore fluctuates,and because of the impact of the new crown epidemic,the large-scale shutdown of downstream industries has caused the demand for steel to freeze rapidly in a short time.With the rapid contraction and unprecedented pressure on inventories,steel processing and production companies are facing a huge impact.In this context,the establishment of a complete internal control management system by steel companies will help ensure the legitimacy and rationality of the operation and management of state-owned steel companies,ensure the integrity of the company’s assets,the rationality of financial reports and relevant information disclosure Reliability and standardization.It has substantially improved the operating efficiency and management level of iron and steel enterprises,and promoted the healthy development of iron and steel enterprises.The establishment of a sound internal control system can prevent the emergence of favoritism and fraud,thereby ensuring the standardized operation of the enterprise and the healthy and sustainable development of the enterprise.This article introduces the background of the topic and the overview of the internal control of the sales business of the steel company,and uses a variety of methods such as literature analysis,case analysis,interviews and other methods to conduct a detailed analysis of the internal control of the sales business of W Steel,and sort out the sales of W Steel The main process of business internal control and analysis of the main risks existing in internal control.Based on the understanding of the internal control of W Steel Company,the results of W Steel Company in establishing internal control of sales and collection business are summarized.This article analyzes the five flaws in the internal control of W Steel’s sales business and puts forward corresponding recommendations in order to help W Steel Company improve the level of internal control in its sales business and establish itself for other companies.Provide reference for the internal control system of sales and collection business systems.