Research On Application Of Hedging Risk Control System Of SL Company

In current years,an increasing number of groups in China are engaged within the import and export enterprise,that’s full of various uncertainties.Therefore,companies will try to keep away from risks in trade thru hedging.Consequently,a way to reduce the risk of hedging transactions itself to evade the dangers of commodity transactions turns into very critical.SL business enterprise has been engaged in hedging transactions in crude oil,petrochemicals,and different commodities for decades.It has hooked up the inner control system for hedging to keep hedging transactions safe and efficient.At present,the system has been mature and plays nicely.The research on the internal control system of SL business enterprise can carry a few revels to comparable businesses,which could be very significant.This paper makes use of the case study method blended with the literature research technique and field investigation method to examine the internal control machine of SL business enterprise.To begin with,the article summarizes the home and overseas literature,after which it offers the associated concepts of hedging and inner control.Then it analyzes the case of SL business enterprise.Eventually,it summarizes the shortcomings and hints of hedging inner control system of SL Corporation.It is far located that the highlight of futures hedging internal control system of SL corporation can be summarized as follows.First,the development environment of the inner control system is ideal,and the statistics system is convenient.Then,the internal control system is nicely designed.Subsequent,specific departments can communicate successfully at all times.Last but no longer least,the internal control system is carried out well.But,the futures hedging inner control system isn’t perfect.In the future,the business enterprise should update the functions of the system further,establish inner marketplace analysis and studies mechanism,enhance the response measures of the information system hazard,and refine the futures hedging indicators of impact evaluation.The main contribution of this paper is to complement the case examine of the futures hedging inner control based totally at the information system surroundings,analyze the internal control based on the information system in detail of SL Corporation,and summarize the deficiencies of futures hedging internal control of SL corporation and recommend guidelines for the improvement of inner control,which is beneficial to not only SL corporation but also other comparable corporations.At the same time,due to the limited time,energy,and knowledge,the studies on the internal control of the case corporation stay at the theoretical degree,and the applicability of the suggestions should be studied further.