Research On The Financial Internal Control System In Company

In the period of China's economic transformation,the adjustment of traditional industry structure,the reform of the supply side and the gradual formation of new kinetic energy have given us unprecedented opportunities for development and the pressure of competition.In order to adapt to the new economic environment,the internal financial control system of our enterprises facesa fundamental change.The scientific financial internal control(system)is an important basis and core guarantee to adapt to the market competition and to form the core competitiveness.The perfect financial internal control(system)is the guarantee for the enterprise to carry out the financial management smoothly,and is an important part of the daily management of the enterprise.In order to improve the core competitiveness of enterprises and avoid being eliminated by the fierce market environment,the construction of scientific financial internal control(system)is the primary task of enterprise production and management.The essence of establishing enterprise financial internal control system is the safeguards and normalization measures for enterprises to achieve the established goals.The practice has proved that the financial internal control can effectively improve the enterprise's profit level,guarantee the risk control of the enterprise,reduce the legal risk of the enterprise,and improve the production efficiency of the enterprise.Based on the research results of internal and external financial internal control and the analysis of the financial internal control of HY company,this paper focuses on the empirical analysis of the five key elements in the internal financial control(system),which are the control environment,risk assessment,control activities,information and communication and monitoring.It provides a realistic basis for the optimization of Target Corp's financial internal control system.Finally,aiming at the problems existing in the five key elements of HY company's financial internal control system,the improvement measures are put forward,which are divided into six aspects.First,the financial internal control environment is improved by adjusting the financial organization structure,perfecting the authority and rotation system,and second,strengthening the construction of the financial internal control risk assessment system;third,in the aspects of controlling the activities,the overall budget management scheme for HY company is designed.Fourth,combining the actual business characteristics,designing the financial internal control information system;fifth,forming a closed loop internal audit system;sixth,strengthening personnel training,qualified personnel quality is the basis of enterprise production and management.In this paper,the theory is fully combined with practical work to make a breakthrough and innovation in the practical application of the financial internal control theory,and has an enlightening effect on the construction and improvement of the financial internal control(system)of similar enterprises.