Case Study On Internal Control Of Foreign Sales Business In Company LD

For a long time,leading western equipment manufacturing enterprises have mastered the key core technology,occupy the high-end position of the industrial chain.In recent years,with the transfer of global industries and the strong support of national industrial policies,China’s machinery manufacturing industry has timely seized the opportunity to greatly improve the product structure and technical level,and more and more high-end machinery parts are sold abroad.However,the recent unilateral trade protectionism and the trade war between China and the us have also brought more political risks,exchange rate risks and customer credit risks to these enterprises.Only by strengthening internal control and improving risk management level can China’s high-end machinery and equipment manufacturing enterprises better occupy a favorable position in the international market.Taking LD company as an example,this paper analyzes the internal control of LD company’s foreign sales business by using the theory of internal control five elements on the basis of full research and theoretical study.Article first discusses the LD company’s foreign sales business development present situation and characteristics,the key risk points of business process and the specific control activities,and information communication and internal supervision of the status quo,secondly,inthe form of internal control evaluation of LD company’s foreign sales business internal control the effectiveness of the design and implementation of the quantitative analysis,and through combing found LD company at four o ’clock in the foreign sales business internal control problems,credit management and approval are incompatible duties have not been separated,loss of risk assessment system,excessively loose credit management and accounts receivable collection is not timely,beyond the inventory in the fraud risk in the middle.Combined with the literature research on the risks of foreign sales business,this paper starts from the analysis of the above problems of LD company,and puts forward corresponding Suggestions for improving internal control.First,in the internal control system,to strengthen the separation of responsibility control;Second,according to the business risk points of LD company,improve the construction of risk assessment system from the aspects of risk identification,risk assessment and response.Third,the adjustment of foreign sales business credit sales policy,strengthen institutional prevention of receivables collection risk;Fourth,the establishment of intermediate database supervision system,the use of contract control and performance evaluation means when the management process transparency.Through the above improvement measures,we hope to improve the internal control system of LD company’s foreign sales business,further reduce the risk of the company’s sales business,so that policy makers can make more correct decisions.It is hoped that this paper can enrich the case resources of the internal control of foreign sales business.By summarizing and refining the case of LD company’s foreign sales business,it can provide better inspiration for the internal control of foreign sales business...