Research On Internal Control Of ZTE Financial Sharing Service Center

In recent years,with the steady progress of the national "belt and road" project,cross-border trade between countries has become increasingly close.Due to the need of expanding the market,enterprises choose multi regional production office.However,multi-regional office will inevitably make the functional organizations and staff of each branch company have a lot of duplication,which greatly increases the management cost and control risk of enterprises.In order to eliminate this disadvantage,the Financial Sharing Service Center is a financial management mode.There are a lot of researches on Financial Sharing Service Center in foreign countries.However,due to the late start of domestic research,the research on internal control of Financial Sharing Service Center is not enough.Therefore,from this perspective,this paper takes ZTE as a case company to study the internal control of Financial Sharing Service Center.In the research process,this paper analyzes the current situation of the internal control of the Financial Sharing Service Center of the case company,and then according to the classification of the five elements of internal control,on this basis,combined with the way of questionnaire survey,investigates the problems existing in the internal control of FSSC to ensure the authenticity and reliability of the survey.It is found that the internal control of ZTE Financial Sharing Service Center mainly has the following problems:(1)there are contradictions within the organizational structure and ceiling problems in the career development of employees in the sharing center;(2)the risk assessment process is complex and the risk management system is imperfect;(3)the post setting of financial audit is improper and the pressure of voucher handling is overloaded;(4)the communication problems under the separation of industry and finance,external and internal services Communication problems;(5)lack of independence of internal supervision,supervision and control functions are not fully played.Finally,in view of the shortcomings of ZTE FSSC’s internal control,the thesis puts forward corresponding improvement suggestions.It is hoped that this study can help other enterprises optimize internal control measures,avoid possible risks in advance,give full play to the management efficiency of Financial Sharing Service Center to a greater extent,and also provide some reference for other domestic enterprises that are building financial sharing service center.