Research On The Problems And Countermeasures Of The Fund Occupation Of The A Company

On 13 th December 2013,the state council issued Decisions of the State Councilon Relevant Matters Concerning the National SME Share Transfer System which symbolize that “the New Three Board” has expanded itself to national wide.The expansion of “the New Three Board” indicates the kerb market construction has entered a speedway.From 679 enterprises in early 2014 to 10216 enterprises on 10 th January 2017,we have to admit that the development of Chinese version “Nasdaq” has achieved a great success.However,the number of enterprises with problems is climbing up with the increment of the total number of listed enterprises.In recent 2years such problems as capital flight of some big shareholders,financial manipulation of some enterprises and capital expropriation appear again and again,especially the capital expropriation of is much worse.Until now,over 60% of the enterprises in “the New Three Board” has the problem of capital expropriation in different forms and to different extent.The disclosure of problems of listed enterprises in “the New Three Board” like capital expropriation,related transactions and capitalizing should be top priority of monitoring systemBased on financial data of enterprise A in first half year of 2014 and 2015,and from the capital expropriation point of view,this article made a deep research on the expropriation of working capital,capital expropriation by the related enterprises or by bigger shareholders,to investigate the current status and root cause of these problems,analyze the rationality and validity of each problem and meanwhile,come up with specific suggestion and tactics for each problem.After analyzing A's financial data,the writer thinks that: at first,during the reporting period,A's receivable balance is overlarge,which largely occupies the company working capital and restrains company running capitals greatly.The main reason is that the company cash deposit and withdrawal management efficiency is low.Therefore,company should improve staff professional quality and perfect the enterprise operation principle.Second,the actual controller of A company transfers company raise funds illegally,which is caused by the lack of a special fund account and the related management system.Regarding to the problem,company shall try to open raise funds special account and formulate the corresponding management system.Third,during the reporting period,A company exists hidden staff occupied funds condition,which mainly dues to the existing flaws in internal control system resulting in company capital outflow.So,company should perfect the internal control system to strictly monitor the fund flow.Fourth,during the reporting period,A company has a large number of foreign loans and all money are into company actual controller Wang's account.Plus,these loans bring a lot of contingent liability to company and strongly influence the operation.The main reason lies in that equity structure is unreasonable,corporate governance mechanism is leaky and without independent director.Hereto,the company should optimize equity structure and establish independent director to improve company governance situation.