A Research On Internal Control Optimization Of Sales And Collection Cycle In W Company

With the merger of the Main Board and the GEM Board,the members of the Audit Committee during the IPO review process are paying more and more attention to internal control.In 2017,the soundness and effectiveness of the internal control of the IPO Company must be covered during reporting period.The sound and effective internal control becomes one of the main factors succeed in IPO.Under this strict requirement,internal control was once again pushed to the top of public opinion after the financial fraud scandals of well-known listed companies at home and abroad.This paper uses literature analysis method and case analysis method to analyze and discuss the internal control problems of sales and collection cycle in W company based on IPO perspective.Base on the theory of internal control,the internal control theory of sales and collection cycle,the relevant persons were inquired,the relevant information was read,then the problems of the internal control of the W company's sales and collection cycle and the reasons for the formation of the company's sales and collection cycle were analyzed.Some advices and methods were proposed to improve the internal control of sales and collection cycle in W company.The purpose of this paper is to improve and optimize W company's linternal control system and improve its success rate of IPO.We hope to bring the reference significance to the company that is going to IPO.The full text is divided into eight parts:The first part is the introduction.The research background,research significance,research methods and research contents and framework of the thesis are introduced.The second part is development of internal control and related research This paper introduces the general situation of internal control development at home and abroad,the related theories of internal control of sales and collection cycle,and summarizes relevant domestic documents.The third part is the basic situation of W company and the distribution of internal control defects.The basic situation,organizational structure and departmental functions of W company are introduced.The characteristics of the industry are introduced from the aspects of industry development prospects,customer concentration rate,industry cycle and competition situation.Finally,the distribution of internal control defects of W company is listed.The fourth part is the analysis of internal control of W company sales and collection cycle.W company's sales model,sales and collection cycle related processes and existing problems are introduced.The fifth part is the analysis of the problems existing in the internal control of W company sales and collection cycle.We analyzed the internal reasons for the defects in the internal control of W company sales and collection cycle.The sixth part is the optimization of the internal control of W company's sales and collection cycle.In view of the current status of internal control of W company,countermeasures and suggestions were proposed from the internal environment and control activity to the internal control of W company.The seventh part is the effectiveness of W company's internal control optimization.The situation before and after the optimization of W company sales and collection cycle internal control was compared.The eighth part is conclusions and outlook.It mainly introduces the research conclusions of this paper,the suggestions and inspirations from the research,as well as the shortcomings and prospects of this paper.