Discussion On The Internal Control Of GYGS Company During Budget

To get rich,build roads first.This sentence fully illustrates the relationship between highway and economic development,highway construction is the basis of economic development,plays a very important role in national economic development.To maintain rapid and high-quality development of Chinese economy,it is necessary to speed up the construction of highway.During the 13 th Five-Year Plan period,Chinese transportation development has entered a critical period of upgrading quality,increasing efficiency and upgrading,optimizing network layout,and will enter a new stage of development.GYGS is in a critical period.In 2019,It will continue to focus on the company's development strategy and make the company a leading diversified capital investment and operation enterprise with "transportation plus" as its core.The implementation of the company's development strategy is the key,but to ensure the implementation of the company's development strategy must have effective budget management.Since the 21 st century,many famous multinational enterprises have broken out financial fraud scandals one after another,and some even went bankrupt.The emergence of these incidents has prompted governments,relevant regulatory authorities and top managers of enterprises to clearly realize that with the economic globalization,enterprise strategic management,business management,financial management,internal control and so on are becoming more and more important.With the integration of the global economy,enterprises are faced with internal and external risks,more from within.In order to help enterprises effectively control risks,the Ministry of Finance and other five ministries and commissions have formulated and promulgated a series of internal control norms and supporting guidelines,including budget management,in accordance with the specific national conditions of China since2008.Effective budget preparation,budget approval,budget execution and control,budget adjustment,budget feedback,budget supervision and evaluation are the embodiment of enterprise management level and management ability.With the rapid development of economy,expressway is the main artery of transportation at present.It plays an important role in developing economy and society,facilitating people's travel,and fully tapping the potential of domestic demand.But at present,the highway industry enterprises in China generally do not pay enough attention to the internal control,especially the internal control of budget management,which leads to the internal control becoming a mere formality.This has become the resistance of the future leapfrog development of Expressway enterprises.In the internal control of all business of an enterprise,the internal control of budget management is always the center of the internal control of an enterprise.In fact,the budgets prepared by many enterprises can not play a substantive guiding role in the actual implementation process.The purpose of this paper is to analyze the problems of internal control in budget management of GYGS,analyze the reasons and put forward some suggestions through literature review and relevant internal control theory.It is hoped that a series of analysis of GYGS will make its scientific budget management more helpful to the development of enterprises in the overall environment of its internal control.In addition,it also provides some guidance for other Expressway enterprises to improve the internal control of budget management.This paper is divided into six parts: the first part,introduction.This paper outlines the background and significance of this topic,and briefly introduces the theoretical research results at home and abroad,as well as the research methods and ideas of this paper.This paper mainly introduces the development of Expressway enterprises and the practical needs of internal control,and summarizes the practical and theoretical significance of the study from five aspects.The second part elaborates the related concepts of budget and internal control,the basic strategies of financial risk control and the theoretical basis of financial risk control.This paper defines the related concepts of budget and internal control,expounds the main business processes of budget management internal control,and introduces the basic theory of budget internal control.Introduce the main concerns of internal control in budget management,and find the basis of the article.It also analyses the main factors that affect the efficiency of internal control in budget management,and provides support for the following suggestions.The third part is a brief introduction of GYGS Budget Internal Control Case.Starting with the basic situation of GYGS,the ownership structure of GYGS and the operating performance of GYGS,the present situation of budget internal control of GYGS,the organization and responsibility of budget internal control of GYGS,and the process of budget internal control of GYGS are thoroughly analyzed.The fourth part,GYGS budget internal control problems and causes analysis.Mainly aiming at the problems existing in the internal budget control of GYGS,the internal budget control system is imperfect;the internal budget control measures are limited,the implementation of control activities is weak;the relationship between the internalbudget control and performance appraisal is not close,and so on.The internal control defects are analyzed and explored.Deep reasons.The fifth part is the suggestions to improve the budget internal control of GYGS.We should improve the system of internal budget control,strengthen the implementation of internal budget control,the conditions for successful implementation of internal budget control,strengthen the construction of internal control elements,and improve the evaluation system of internal budget control.We hope it will be helpful to further improve the internal budget control of GYGS.The sixth part is conclusion and enlightenment.Combining the theoretical research,background introduction and case analysis of the first five chapters,this paper summarizes the practical significance and research highlights of this paper.