The Research On Controling Capital Risk Of Refined Oil Retail Companies

In recent years, this retail industry of refined oil has become more and more normative. In Chinese mainland, Sinopec, Petrochina and CNOOC take the leading position; while for international market, like BP, Shell and other oil enterprises establish to enter into the market one after another. When the market of refined oil becomes more normative, those private gas stations gradually exit market, and have been taken over by large-scale refined oil enterprises. On a basis of unified industrial operation specifications, fund security management also becomes mature gradually. Those retail enterprises of refined oil have similar management structure and managerial level; besides, in face of same marketing market, institution users and terminal users, they generally have same purpose, consistent target and management method towards funds management. As a professional topic, fund security management has been paid much attention by all enterprises, including how to beforehand prevention in funds management, how to get hold of real-time evidence in capital accidents, and how to avoid risks to the maximum strength in each fund intermediate link, Above mentioned will be the emphasis described in this thesis.For the retail business of refined oil, from the fundamental significance, funds management is not always the management in cash and deposit in bank. On the contrary, it is the definition in broader term, including purchase-sale-stock management of refined oil, invoice purchase, reserve, issue and preservation, gas filling card recharging and consumption, operation cash flow, various cards consumption and other aspects. At present, the domestic retail enterprise of refined oil shall pay attention to the links of fund flow, because each link exists with certain management risks. To safely and smoothly carry out production and operating activities, enterprises shall formulate relevant system upon the special and significant position of funds management in operation. A brief instruction will be provided towards those theories and definitions of risk control in this thesis; moreover, we will make profound discussion and research on the funds management of terminal branches for the retail enterprises. Upon the illustration and analysis towards fund flow, risk identification and risk control in various fund flow links, with the analysis of internal control management system, we will explain them one by one.Relevant elaborations in this thesis come to following conclusions:As the information era keeps development, new clearing modes spring up constantly. Ali Pay, We Chat Pay and Apple Pay will become the mainstream mode of fund flow, while those traditional cash settlement modes will gradually quit the stage. Requirements for fund security management will be more diversified and higher; with the overall development of “Business Tax to Value-Added Tax” policy, the use of vat special invoice will be expanded. More issued invoices will leads to larger risks. Therefore, the management work in invoice purchase, issue, reserve and other links shall be more careful, and beforehand prevention in internal control management shall be stricter.For those human-oriented retail enterprises of refined oil, “human” themselves is the fundamental source of risk. No matter for professional moral deficiency of internal personnel, robbery and covetousness of external personnel, or collusion between internal and external personnel, prevention always shall prevail.