The Research On The Internal Financial Control Of X Hotel

With the deep and complex development of economy and society in China, all walks of life have to overcome all difficulties and fierce competition since China’s economy has entered a period of new normal. How to put itself in an impregnable position by means of making further breakthrough, reform, innovation, and improvement is becoming a serious issue for every enterprise. In the process of this study, the author finds it is necessary to strengthen the internal management of enterprise, which is premise and base. The internal financial control plays a strategic and indispensable role in the internal management and internal control of enterprise. An analysis and evaluation of the internal financial control is helpful for enterprise to check itself and find problems, also it is a way to improve itself.This thesis makes a research on the current situation of X hotel’s internal financial control based on the study of the theory of internal control and internal financial control. Meanwhile, the thesis makes analysis on characteristic of X hotel itself operation and inside,outside environment of hotel. According to the theory of internal financial control, the author analyzes the hotel’s financial organizational planning control, authorization control, accounting system control, property preservation control, human resources control and financial control system. Eventually the author finds many problems, such as, the effect of organization is not good, risk management is weak, asset management is confused, the quality of accounting personnel are not high, the internal control system is a matter of mere formality. Based on the discovery of all above questions and the target of this study, the article proposes the design of hotel’s internal financial control from five respects. Including internal control environment, risk assessment, control activities, information, communication and supervision. The thesis systematically demonstrates the key links and factors of hotel’s internal financial control, and makes suggestions for formulating system of internal financial control.There are two research ideas in this thesis. One is the elaboration of the background and development of the hotel industry, also analyzes the characteristics of hotel industry and difficulties of establishing the system of internal financial control. Assisting outsiders to have a macro understanding of the hotel industry and its internal financial control. The other is to set up a kind of comprehensive, feasible and modern internal financial control system by close combination between practice and theory. All these will further improve the management efficiency and guarantee business objectives of hotel.