Financial Sharing Model Of Petrochemical Enterprises

With the rapid development of information technology,the world has entered the digital information era.The traditional financial management model used by enterprises is gradually unable to adapt to the huge data processing needs brought by digital information,so the digital upgrading and transformation of financial management has become an important means for enterprises to improve their management.Among them,large conglomerates have started to explore the establishment of financial sharing model to reduce the cost of financial management,improve the efficiency of financial accounting,and enhance their comprehensive competitiveness,and the financial sharing model has become the focus of financial management research.At the same time,as China’s tax policy reform progresses,tax policies change more frequently,leading to a significant increase in the frequency of tax risks in enterprises,and the losses caused by enterprises’ inaccurate grasp of tax policies gradually increase,so the study of tax risk management is of great significance to enterprise management research.Since the study of financial sharing model in China started late and the financial sharing service centers of large domestic central enterprises have not been running for a long time,the tax risk management issue in the operation of their financial sharing service model has become the focus of current research.At the same time,due to the implementation of the financial sharing model,the means and methods for enterprises to deal with tax risks have changed.The informationized,intelligent and intensive platform applied in the financial sharing model has changed the traditional business processes,but the new business processes have also generated new tax risks.With the increasingly serious impact of tax risks on enterprises and the widespread implementation of the financial sharing model in large state-owned enterprises,the study of tax risk management under the financial sharing model has gained important relevance and urgency.This thesis firstly introduces the situation of S Group Company and the development overview of the financial shared service center,summarizes the tax risk management process of S Group Company under the financial shared model,and analyzes the tax risk management of the financial shared service center and each member enterprise.Secondly,this thesis analyzes the tax risk management issues of S Group companies based on the data related to the financial statements of S Group companies from 2016 to 2020 using multivariate time series analysis,and finds that the tax risks of S Group companies have decreased under the smooth operation of the financial sharing model,and also points out that their tax risks have increased at the early stage of the construction of the financial shared service center.At the same time,the thesis analyzes the problems of tax risk management in the financial sharing model of S Group Company from the aspects of division of responsibilities,tax policy implementation,tax risk prevention mechanism and separation of business and finance.Finally,the thesis proposes optimization strategies such as dividing tax management responsibilities,strengthening supervision of tax policy implementation,promoting the integration of industry and finance of the group,and strengthening tax risk management assessment and guidance in light of the actual situation of S Group Company.The possible innovation of this thesis is that it conducts a whole-process study on the tax risk management of enterprises under the financial sharing model,and makes an innovative analysis of the tax risks before and after the implementation of financial sharing through the data of enterprises’ financial statements.It finds that the tax risks of S Group companies rise in the early stage of the implementation of the financial sharing model,and puts forward a targeted suggestion that the internal communication mechanism should be improved at the early stage of the establishment of the financial sharing service center to promote the integration of the group’s industry and finance,which has certain implications for the tax risk management of large central enterprises under the implementation of the financial sharing model.