Research On Financial Internal Control Of Global Bio-chem Technology Group

Corn is one of the most important food crops, corns can be eaten and processed into starch, fructose, corn oil, lysine, MSG and so on. In recent years, our government attaches great importance to the economic development of the northeast region. Corn deep processing industry as an important industry in Northeast China’s economic development opportunities and gradually develop and grow, at the same time, the market competition is increasingly fierce. More and more competitors come into the industry. With the rapid development of these enterprises, expanding corn processing products production capacity, until now there has been a contradiction of supply and demand of the structure. Global Bio-chem Technology Group was established in 1994, which is a leader in corn processing industry, their amino acid, corn starch quickly get in the national and international market, the company development is very rapid, listed in Hong Kong and achieved brilliant achievements. However, with the corn deep processing industry enters the adjustment period, the company mistakenly predicted the market situation, fund control problems, which makes the company on the verge of bankruptcy. October 2015 Jilin provincial government subscribe the shares of Global Bio-chem group to support it. Through this subscription, Global Bio-chem group achieved a strong financial support, and it should grasp the opportunity and adapt to market demand actively base on the industrial structure transformation of corn processing industry. Simultaneously, the enterprise should establish an effective control mechanism which guarantees enterprise out of the woods.Internal control is a series of measures to realize the goal of enterprise management is the purpose of these measures, these measures include to supervise the enterprise itself, constraints, adjustment and control, in order to protect assets, ensure the financial information accuracy, execute business strategy, to ensure the efficiency of business activities, etc. Measures taken by the financial internal control is mentioned above, especially for the financial accounting. Of financial internal control not value is one of the main reasons for troubled Global Bio-chem group, this led to the enterprise’s capital have serious problems, and formed a loophole.The author of this writing this and go into details of dacheng group, from the perspective of financial internal control, financial internal control in order to improve the dacheng group, and actively promote the development of dacheng group.This thesis mainly including the following research methods and contents : first of all, adapting the methods of documentary analysis to the domestic and foreign internal control and financial internal control’s theory and the development, concepts and methods; secondly, use the survey method, visiting the Global Bio-chem Technology Group and its subordinate company, communicate with financial staff and other related personnel to know the basic situation and the situation of internal control and financial internal control; thirdly, taking the research on the internal control of the financial affairs of Global Bio-chem Technology Group as a typical case and finding the financial internal control issues, and on these issues analyzed, find the reasons; Finally, aiming at these problems and reasons, putting forward to improve and adjust internal financial control method and its implementation to provide a safeguard measure.This thesis use both the theory of financial internal control and the analysis of the situation special period of our country and the specific industry enterprises, I propose the the perfection and coordination of the internal financial control of Global Bio-chem Technology Group, improve internal financial control system and improve the establishment of financial internal control supervision mechanism of internal financial control of the degree of attention and, provide financial internal control required for the implementation of security. I hope this thesis can provide reference group and suffer the same dilemma for similar enterprises.