Evaluation Of Internal Control In GW's Sales And Collection Activities

Small and medium-sized business enterprises (SME) play more and more importantrole in market-oriented economic system of Mainland China. Not realizing the effectsof internal control, or lacking the resources, the managers in charge of small andmedium-sized enterprises generally cannot implement internal control effectively.GW is a medium-sized enterprise, which manufactures and sells the telecomequipments in domestic China. Started from the discussion of GW's Components ofinternal control, this article analyzes and evaluates the internal control systememployed in GW's Sales and Collection activities, and appraises GW's financialmanagement related to those activities.This article consists of four parts: the first chapter gives the frame introduction ofinternal control; the second chapter shows the components of GW's internal controlby analyze its business operation; the third chapter analyzes and evaluates the existinginternal control system employed in GW, and gives suggestions on how to improve it;chapter four focuses on financial management of Sales and Collection activities, andappraises GW's current situation by means of 'best practice'.