Research On Internal Control Of Sales And Collection In GHDL Co.,ltd

Chinese enterprises are growing towards a more stable,transparent and healthy direction in its environment of continuous development on economy and market system.The release of policies including information and revenue is conducive to the stabilization of industry environment. However,there are still problems existing due to the start up of China's relevant internal control system and the lack of experience that enterprises have in actual operation. Enterprises will find it risky while operating and face survival predicament, mainly because of the deficiency of internal management and the shortcomings of risk assessment and internal control. Meanwhile,the occurrence of a large number of financial fraud events makes strengthening the supervision of internal control a top priority and improving the standard of internal control becomes an important means to raise the level of corporate governance. As the principle source of corporate profit, both sales and collection also run through enterprise operation and management. Therefore, sales and collection are the key to smooth operation, but also the most prone to risk. Hence internal control of sales and collection dominates the overall enterprise internal control. The study of internal control of sales and collection will improve enterprise operation and management, enhance the control and prevention of operational risk, maintain the public interests and market order, and achieve sustainable development.This paper introduces the background and significance of this study and summarizes the main content and the research framework. At the meantime, it also introduces the theory outline and theoretical basis of internal control in sales and collection. This paper, with GHDL Co., Ltd. as the object of study, based on the actual situation of its internal control of sales and collection, it tells the current situation of internal control of sales and collection in GHDL Co., Ltd and describes the problems that exist in internal control of sales and collection during GHDL 's operation in terms of the five elements of internal control. It. also finds out the forming reasons of the problems that have been found in the fourth section from the perspective of the five elements of internal control.In addition, it also improves the internal control of sales and collection in GHDL on the basis of the five elements and comes up with the countermeasures for the company.The analyses above will contribute to more importance attached to internal control for GHDL Co., Ltd. in its future operation and help the company achieve going concerns and sustainable development.