On The Improvement Of The Internal Control System For Sales And Collection Of Ledman Optoelectronic Co.,Ltd.

With the current market competition becoming increasingly fierce,whether the internal control of the enterprise is scientific and effective,whether it is in line with the growth cycle,business environment and risk level of the enterprise,whether it is in a virtuous circle of development and promotion,directly affect the operating efficiency and healthy development of the enterprise.Sales and collection cycle is the source of profits.Establishing the internal control system of sales and collection can help enterprises identify and prevent risks,embark on a sustainable development path.To optimize the sales and collection internal control system of Ledman Optoelectronic Co.?Ltd,based on the internal control system of Chinese enterprises,combined with modern management,economics and risk management and other related theories,this paper completes an in-depth analysis to the company's internal control system.Through the field investigations of the company,the internal control situation of sales and collection is well mastered.From the perspective of the five elements of COSO internal control framework system,it is found that the internal control environment of the company's sales and collection is weak,risk assessment procedure is in lack,the goal of controlling activities is not clear,the information communication is not smooth,and the internal supervision is not well carried out.The causes of those problems are analyzed,so as to put forward accordinglyoptimization measures,such asthe construction of internal control system of sales and collection,improving the risk assessment of sales and collection,speeding up the construction of a unified and efficient information system,establishing a customer relationship management system,optimizing the technical means of audit supervision and so on.Starting from the actual situation of Ledman company,based on the premise of the particularity of the LED industry,this paper combined with the internal control theory and the specific sales and credit business to find out the control defects and put forward optimization scheme,so as to improve the internal control system of sales and collection and Ledman's risk management capabilities,and providing a reference to the construction of a scientific and reasonable internal control system of sales and receivables for other LED enterprises.