Research On Internal Control Of Shandong Sinobioway Biomedicine Co.,Ltd Cash Flow

The management of the internal control of cash flow for the survival and development of an enterprise plays a decisive role.The decline and fall of many of the industry giants we used to know,such as Giant Group,Colon Electric Appliance,Delong Group,Shunchi Company,and so on,have something to do with the poor management of cash flow internal controls,2018 networks group,also for the internal control of cash flow mismanagement caused the extreme stress of cash flow and delisting risks.In today's economic prosperity,enterprises financing activities has been greatly increased,in The Times of "cash is king" in the past,only rely on the financial department for cash management method cannot have satisfied the requirement of modern economic development.Therefore,the enterprise internal control of cash flow is of great significance.This paper takes the internal control of Shandong Sinobioway Biomedicine Co.,Ltd.cash flow as the research object,firstly the organization structure of Shandong Sinobioway Biomedicine Co.,Ltd.,the management of the cash inflow and outflow and the overall situation of the cash flow of Shandong Sinobioway Biomedicine Co.,Ltd.,analyzes the current situation of the cash flow management and the problems in its internal control.This paper puts forward some measures,such as setting up internal control department,strengthening the process management of examination and approval process,reasonably compiling cash budget through centralized control of funds,safely keeping accounting data and physical assets,establishing risk assessment mechanism,strengthening the transmission of internal control information of cash flow,strengthening internal and external audit and improving the quality of employees through training to ensure the effective implementation of the internal control system.This article research results not only can be anonymous medicine and the sustainable development of the internal control of cash flow management,make the Shandong Sinobioway Biomedicine Co.,Ltd.internal control over cash flow management to realize the whole process of dynamic management,is bound to the disadvantages of static management,as well as for other pharmaceutical industry enterprise internal control of cash flow play a certain reference function.