On Inventory Internal Control Of H Company

Since the internal control was put forward in the 1990 s,its positive role in regulating the corporate system and identifying risk prevention has been highly concerned by all walks of life.Learn and introduce the latest internal control system.At the same time,it has greatly promoted the improvement and development of the internal control system itself.Because the research on internal control related to foreign countries started earlier,there are many theoretical results and practical cases that can be used by scholars who have been used by me.However,some unique industries and enterprises in China can draw relatively few research cases.It is necessary for domestic scholars to explore the research direction of relevant industries.Liquor manufacturing has a long history and culture in China.As early as the Xia Shang period,there was a record of wine.With the continuous improvement of national consumption levels,people's demand for drinking has also increased.The income of the major liquor manufacturers has also increased year by year.This has made major wine companies focus on promoting and expanding,expanding markets and increasing production capacity.It makes managers have no time to take into account the risks and hidden dangers of the company.However,since the national economic growth rate has declined,especially after the restrictions on the three public consumption have been promulgated.The rapid growth of the liquor industry over the years has encountered resistance.In the case of reduced income,the former extensive management style.It is difficult to bring benefits to the enterprise.Refined cost management and effective risk control have become another way to improve corporate profits.Inventory management is the key to cost control for all manufacturing companies.This paper attempts to summarize the inventory management system of selected case enterprises from the perspective of internal control.A proposal for the internal control of its inventory is expected to reduce the risk of the enterprise through the improvement of the internal control of the inventory,and ensure that the company successfully completes its business objectives.The author selected a liquor brewing company,H company,as the research object of this paper.Company H is a non-listed company in Wuhan.Being confidential,its financial data is difficult to obtain through external channels.The author through his own investigation and research on H company,combined with relevant literature at home and abroad.It mainly investigates the five circulation links of inventory purchase,warehousing,warehousing,storage,and inventory.The analysis summarizes the existing loopholes and deficiencies in the company's existing inventory control.Based on the related theories of cybernetics and contingency theory,the five elements of internal control are combined.Theoretically analyze the causes of its problems and find loopholes in the design of internal control of enterprises.Try to propose a solution that is perfect and compensated.At the same time,combined with the actual implementation of employees in each link of inventory circulation,many problems existed in the implementation of internal control of enterprises were put forward,and specific improvement suggestions were given respectively.Finally,the process of enterprise inventory circulation is comprehensively reviewed,and an overall opinion plan is proposed for the internal control design of H company inventory.I hope to help H company improve inventory management,reduce operating costs and improve risk prevention.Through field research and theoretical analysis,this paper finds out some problems that H company has in the internal control of inventory,including: weak awareness of risk of grassroots employees,lack of prejudgment of risks by managers,disconnection between budget preparation and actual situation,inter-departmental information Poor communication,and other issues.Corresponding modifications are given for the problems found.Research results on internal control theory at home and abroad are very rich.However,there are few studies on the internal control of inventory in the liquor industry.This article uses H company as a case study,not only hopes to help enterprises improve the internal control and management level of inventory,and ensure the smooth completion of business objectives.It is also hoped that some examples can be provided for the revision of the internal control of the inventory of many enterprises in the liquor industry.In the process of collecting relevant literature on internal control,I found that case articles involving liquor brewing enterprises are relatively rare,and articles that analyze the specific content of internal control of liquor companies' stocks are even more lacking.This article takes this as a starting point and hopes to achieve some innovation in the field of research and research.Since the author only has insufficient information in the internship stage,there may be investigation negligence or qualitative errors in the inventory management under the long-term operation of the enterprise.The resulting improvements in inventory internal control proposed in this paper may be inappropriate or difficult to implement.The specific implementation effect has yet to be verified by subsequent research.The deficiencies in the text also ask the teachers to criticize and correct.