Research On Internal Accounting Control Of Investment In Wuhan Iron And Steel (Group) Corporation

Internal control is an important component of modern enterprise management. It is the external need of modern enterprise to set up a scientific and reasonable internal accounting control system. Internal accounting control has been the question that brings people's attention all the time. There are many discourses which study this question. But there is little research on internal accounting control to the group corporation. Because of this, this discourse researches internal control of investment in the group corporation based on internal control system theory and the practice of Wuhan iron & steel (group) corporation.This thesis is divided into six chapters. The first chapter refers the theory about the question, the other chapters relate to the practice of the question.The thesis introduces the development stage of internal control theory and the relevant theory of the internal control system in the first part. The theory of internal control system includes the concept of internal control system and internal control environment and control objectives and the basic control mediums.Chapter two introduces the investment environment of the group corporation and classifies the investment. Then introduce the cycle of investment.Chapter three expounded that the emphases of decision-making on investment are examine and approve of investment and feasibility study. The main methods are authorization and collective examine and approve.Chapter four analyses the internal control of pitching out assets. The emphases are examination and approve of evaluating and pitching out assets, the transfer of property rights. The main methods are saving from damage and division of work.Chapter five expounds the internal accounting control to the subsidiary mainly. The internal control objective is to keep and increase the value of investment and preventing value's reduction. So we should control the profit and the assets quality of subsidiary company.Chapter six analyses the internal accounting control of investment disposal. The emphases are evaluating the redemptory assets. The main methods are supervising and auditing.