Research On The Improvement Of Internal Control Of Sales And Collection Of BG Company

Enterprise internal control is an internal mechanism provided for enterprises to achieve their goals.It can help enterprises control loopholes and prevent risks.The sales and collection business,as an important cycle of the enterprise,regulates the internal control of sales and collections,which plays an important role in establishing compliance with the enterprise system.This research takes BG company as the research object,and conducts research through field investigation and drawing on existing research results.Firstly,it introduced the overall situation of BG Company and the company's internal control system for sales and collections.Secondly,this paper used the control test method and interview method to analyze and diagnose.It has founded that BG Company had problems such as sales pricing,inadequate credit management mechanism,unreasonable approval in the delivery process,and insufficient management of accounts receivable.Then,based on the existing problems obtained from the above analysis,this research improved the sales and collection business flow chart of BG company.Carried out key control on the business risks that may appear in the flowchart,and established a sound risk assessment mechanism.Then,in this study,the gray cluster analysis method was used to evaluate the risk of BG's sales and collection business.Based on the classification of risk assessment,a risk assessment system was constructed.After using the entropy weight method to determine its index weights,it used the grey clustering analysis method to rank the risk indicators of the company's sales and collection business risk.Based on the above analysis,this article determines the risk response improvement plan from the aspects of sales pricing and credit management mechanism.Finally,based on the theoretical framework of COSO's internal control,this study determined safeguards for internal environment,information and communication,and internal oversight.By improving the key links of sales and collection of BG company and optimizing the internal control of the whole sales and collection cycle,it is helpful to achieve the strategic goal of the company and improve the management level.Meanwhile,it also provides useful reference for the internal control of sales and collection of the transmission and distribution electric industry.