Research On The Improvement Of Internal Control Of Sales And Collection Of Hunan Wanli Engineering Technology Company

The domestic accounting standards and international accounting standards is getting convergence,The macro environment of the construction industry has changed dramatically,providing opportunities at the same time,the higher requirements for the operation and management of the domestic construction enterprises are presented,The special nature of revenue recognition in the construction industry also has a significant impact on construction companies.This article will provide an in-depth analysis of Wanli Engineering’s internal control over sales and collections,At the same time,analyze the changes in revenue recognition under the new revenue standard and the impact on internal controls,with a view to making corresponding recommendations on Wanli Engineering’s internal control of sales and collections.Hunan Wanli Engineering Technology Co.,Ltd.is a company that focuses on climbing frames,and has good development prospects in the external environment of the climbing frame industry in the growth period.The article combines relevant domestic and international research and internal control theory.Analyze the current status of internal control of sales and receipts of Wanli Engineering Company,and analyzes the existing problems of the five main business links of Wanli Engineering Company according to the actual situation of Wanli Engineering Company,such as The sales plan formulation process is simple,normative credit management policies are not formulated,incompatible positions are not completely separated,and receivables management efficiency is inefficient.With reference to the internal control system of the enterprise,the following improvement measures are proposed: improve the sales plan formulation process,regularly organize sales summary meetings,separate incompatible positions,improve the management mechanism of business personnel,standardize the management of contract terms,strengthen the training of new revenue standards,and improve the management of receivables.The significance of the study is mainly reflected in: starting from the actual operation of Wanli Engineering Company,linking the theory of internal control and revenue standards with the actual sales business of Wanli Engineering,studying the problems existing in the five business links of sales and collection of Wanli Engineering Company,and proposing improvement plans for the purpose of improving the operational efficiency of Wanli Engineering Company,optimizing the internal control system,promoting the healthy and sustainable rapid development of the company,and is also expected to help optimize the internal control system of other companies in the industry.