The Research On Internal Control Improvement Of ZTE Corporation Financial Sharing Center

With the continuous promotin of financial sharing services,financial transformation continues to advance.For the sake of cutting costs,improving management efficiency and strengthening the financial control ability,a large number of trans-regional and trans-industry large enterprises compete to establish the emerging financial management mode of financial sharing.However,at present,because most firms that have established or are about to establish financial sharing service centers are lack of financial sharing operation experience,there are some defects in the design and execution of internal control.As a result,the financial sharing center and even the whole enterprise face risks in their operation process.This thesis combines case studies and theoretical analysis,taking ZTE Financial Sharing Center as the research object.First of all,it is based on the theories of financial sharing,internal control and risk management.The current situation and existing problems of internal control of ZTE financial sharing center are specifically analyzed.Through the analysis,there are f Ive main problems with internal control of ZTE financial sharing center: internal control environment is not ideal,insufficient risk monitoring ability,omission of business control process,high risk of information transmission and data leakage,and unreasonable design of internal supervision.In view of these specific problems,based on the basic objectives and principles of internal control improvement,the internal control improvement program of financial sharing center is designed.Specific feasible suggestions are put forward from five aspects:improving internal environment of financial sharing center,establishing and perfecting risk assessment system of financial sharing center,strengthening the business control activities of the financial sharing center,improving the security management of information system data and strengthening internal supervision and control of financial sharing center.Meanwhile,in order to ensure that the improvement plan can be effecttively implemented,some safety measures are brought up,such as improving the risk management and control culture of the financial sharing center,strengthening the information system construction of the financial sharing center,promoting the quality of the all employees,completing the communication mechanism and continuously optimizing the process.This paper is based on the theoretical research on internal control and risk management,this paper formulated the internal control improvement scheme suitable for financial sharing center of ZTE,so as to avoid the risks in the operation of financial sharing center in a timely manner,so that financial sharing can provide more value for the business development of group companies.At the same time,it provides some ideas and practical experience for the internal control design and optimization of other enterprises that establish financial sharing service center.