Research On Corporate Funding Approval Process

Internal control has been a hot issue in the study of theoretical circles. Internal control isdesigned to ensure that corporate activities carried out safely and effectively. Internal controlsystem continued to be improved along with ever-changing competitive environment.Corporate capital as the most active operators and critical assets, it is also the main target ofinternal control. Especially the "Accounting Law" and "Internal Control System" have beenpromulgated, the standardization of enterprise capital operation made more stringentrequirements, enterprise funds operating activities of the whole process must be strictlycomplied with funds management system.Funding approval is the most important part in the enterprise capital operation process,along with the entire process of enterprise fund movement. Internal control system clearlypointed out: Funding approval is the key of internal controls, set the scientific or not,determines the enterprise’s lifeblood in a certain extent. Academic research on enterpriseinternal control is too much, while relatively little research funding approval. However, thefunds raised from the application to the final payment will be through a series of approval, allthese separate approval procedures together, is a complete funding approval process.Approval for funding in the research literature that researchers mainly explore from fundsapproved manner, capital approval authority, how to improve the funding and approval system,while almost nothing of funding approval process. Funding has been in constant operation ofthe process, and there is a risk and value-added movement. Disbursement of funds must bepay according to a certain approval process for approval, in order to ensure value for moneysport security, integrity and effective. Under the existing enterprises, funding approval processonly in text form attached to funding approval system, there is not an independent andcomplete funding approval process, which makes the company’s financial framework for theapproval process became empty. Especially the funds as a business risk control points, fundsapproval process should be clearly defined. So it is meaningful to research enterprise fundsapproval process.In summing up scholars on the basis of funds and approval system, I master how toselect the method of funding approval mode and the principle of establishing fundingapproval authority. Articles research the funding approval present situation of differententerprises, which divided into three categories by the standard medium-sizedenterprises.Frome identifyied funding approval process commonalities exist, especially the feature of different enterprises, as well as gaps and differences. We can arrive at a workablefunding approval process, and as the organizational structure type for example, to designappropriate funding approval process. This is the main content of this paper.The results of research: First, on the theoretical level, enriched the research on fundingapproval system. Funds approval system covers the approval process, which are simplymentioned in the literature, with no in-depth and meticulous research; Second, all theexamples comes from funding approval system of enterprises, corporate funds can trulyreflect the status of the approval process; Finally, the corporate structure designed accordingto specific funding approval process, which is a complete and intuitive form of a flowchartshown, which can be referenced and learnd by similar enterprises.Course of the study there are two disadvantages: the research enterprise belonging todifferent industries, the number of small research enterprise. In the future, I will continue toresearch funding approval aspects thoroughly. On the detailed research division of business,so come to the enterprise funds approval process will be more representative and targeted in acertain industry or size. Funding approval process and detailed tracking the implementationof the difficulties and problems to conduct a comprehensive analysis to continuously improvethe funding approval process.