Internal control management is an important symbol to measure modern enterprise management. Through practice, the conclusion is: strong control, weak out of control, no control is chaos. The implementation of internal accounting supervision in units depends on internal control management. Today, with the arrival of knowledge economy, the environment affecting enterprise management is not only increasingly complex, but also increasingly unstable and the market competition is increasingly fierce. How to enhance the competitive strength and improve the economic benefits of enterprises has become the most concerned issue for enterprises, and the internal control management system provides a strong guarantee for enterprises. Internal control management is the foundation of enterprise management, the guarantee of sustained and healthy development of enterprises, and the indispensable element of enterprise success. Internal control management is an organizational plan and various supporting methods and measures for enterprises to protect assets, ensure the reliability and accuracy of accounting data, improve operational efficiency and promote the implementation of various policies formulated by management departments. The value of practical application is mainly reflected in the following aspects: (1) bookkeeping procedures and accounting checking systems formulated to ensure that enterprise accounting systems can provide financial accounting information in a timely and correct manner; In order to ensure the property safety of enterprises, perpetual inventory system and regular property inspection system are established, and quality control system, planned control system and business operation procedures are formulated to ensure the realization of business objectives. Due to various reasons, there is still a big gap between the overall management level of enterprises in China and advanced enterprises in the world. Strengthening the construction of internal control is a realistic shortcut to improve the management level of enterprises.
Adopting the internal control system suitable for Henkel Education Group in Singapore can improve the overall operation of Henkel International Education Group in Singapore and reduce the labor cost to some extent. From the perspective of the use of funds, costs and rights, we can monitor the operation of enterprises, prevent the excessive flow of employees, and constantly train new employees, which is conducive to the realization of business objectives and the development of the company.
Second, the research status of this topic at home and abroad.
Status quo of foreign research: In recent years, international research mainly focuses on auditing. In September 2003, Mr richard chambers, former executive vice president of the headquarters of the International Institute of Internal Auditors (IIA), visited China. One of the topics he gave at the advanced seminar on international internal audit held in Beijing was the development trend of international internal audit, which mentioned three development trends: first, the re-intervention of internal control; The second is to promote more effective corporate governance; Third, the expectations of internal auditors are changing. In June 2004, Bob McDonald, then Chairman of IIA Board of Directors, visited China. In his speech to China's internal auditors, he once again mentioned the above three major trends in the development of international internal auditing.
Domestic research status: the embryonic form of internal control has a long history, and its enrichment and development are based on the increasingly large-scale enterprises strengthening management internally, meeting social needs externally and deepening theoretical research. So far, the development of internal control theory has gone through four courses, namely, internal containment before the 1940s, internal control system from the late 40s to the 1970s, internal control structure from the 1970s to the early 1990s, and comprehensive internal control framework since the 1990s.
Iii. Contents of the study and measures to be taken
Research content: This paper mainly analyzes and studies the internal control of enterprises, the benefits it brings to Henkel Group, its influence on the overall operation and management of enterprises, and the problems existing in the enterprise management system, and puts forward some countermeasures on how to strengthen the internal control of enterprises and how these countermeasures will affect the lasting and far-reaching development of enterprises in the future.
Methods adopted: field investigation, combination of quantitative and qualitative analysis, inductive analysis, normative research, etc.
Four, the main difficulties and solutions in the research.
Difficulties: In view of the problems existing in Henkel Group, find out the factors affecting internal control.
Solution: Combining the theory learned and the theory of related literature, this paper puts forward the countermeasures to solve the internal control and management problems of Henkel Group.
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Problems and Countermeasures in Financial Management of Small and Medium-sized Enterprises
Financial management is an important part of enterprise management, which is directly related to the survival and development of enterprises. This paper discusses the problems existing in financial management of small and medium-sized enterprises, and puts forward corresponding countermeasures and suggestions.
Keywords: small and medium-sized enterprises; Financial management; Problems; Countermeasures
After more than 20 years of reform and opening up, China's small and medium-sized enterprises have made brilliant achievements and played a decisive role in China's national economy. But at present, small and medium-sized enterprises are struggling and the failure rate is high. The average life span of an enterprise is only 3-5 years. An extremely important reason is that financial management can't keep up with the needs of enterprise development. Under the condition of market economy, in order to survive, develop and make profits, enterprises must establish a modern enterprise system and carry out capital operation scientifically, which requires strengthening financial management.
First, the financial management of SMEs problems
(A) the lack of a clear direction of industrial development, lack of scientific demonstration of project investment
First, one-sided pursuit of "hot" industries, regardless of objective conditions and their own capabilities, ignoring the impact of national macro-control on enterprise development. Second, there is a lack of scientific planning and deployment of the investment scale, capital structure, construction period and source of funds of the project, and a lack of reliable prediction of the cash flow that will occur during the construction and operation of the project, so it is hastily launched. Once the state strengthens macro-control and tightens bank credit, so that the construction funds cannot be put in place as scheduled, enterprises will face a dilemma and even cause huge economic losses. In recent years, due to financial difficulties, many enterprises have invested in projects such as steel, electrolytic aluminum and cement, or "cut meat" for sale or become permanent "projects under construction". Not only have the enterprises paid a heavy price, but some banks have also been dragged into the quagmire.
(B) lack of funds, financing difficulties
At present, China's small and medium-sized enterprises encounter many difficulties in the process of financing because of their small investment scale and low capital and technology composition, which restricts their development. On the one hand, the main reason for financing difficulties comes from the quality of enterprises themselves. Small and medium-sized enterprises are small in scale, lack of their own funds, low in reputation and generally low in credit rating; On the other hand, the approval authority of state-owned commercial banks for fixed assets investment loans is too centralized, and the proportion of non-performing loans is high at present, making it difficult to collect loans. At present, the country's credit guarantee system for small and medium-sized enterprises is not perfect, which makes financial institutions unable to effectively prevent bad business practices. In order to reduce the loan risk, financial institutions have to be cautious. Secondly, SMEs have no private financing channels. In areas with more private investment, most of them adopt private fund-raising to solve the capital problem, relying entirely on personal credit and high interest rates. The financing cost is very high, and the risk is much greater. As a result, small and medium-sized enterprises are seriously short of funds and their investment ability is relatively weak, which hinders their development.
(C) rigid management model, outdated management concepts
On the one hand, the typical management mode of small and medium-sized enterprises is the high unity of ownership and management rights, and the investors of enterprises are also operators, which brings negative effects to the financial management of enterprises. A considerable number of small and medium-sized enterprises belong to individual and private nature. In these enterprises, the phenomenon of centralized management and family management is serious, and the theoretical methods of financial management are lack of proper understanding and research, which leads to confusion in financial management, lax financial monitoring and distortion of accounting information. Enterprises do not have or cannot establish an internal audit department, and even if they do, it is difficult to guarantee the independence of internal audit. On the other hand, the management ability and quality of enterprise managers are poor, and their management ideas are backward. Due to their own reasons, some enterprise managers failed to bring financial management into the effective mechanism of enterprise management and lacked modern financial management concepts, which made financial management lose its due position and role in enterprise management.
(d) Weak management foundation and lax internal control.
Because the management mode of small and medium-sized enterprises integrates ownership and management rights, enterprises have great subjectivity in decision-making and management, and lack a set of standardized and operable financial control methods. First, lax cash management leads to idle or insufficient funds. Second, the turnover of accounts receivable is slow and it is difficult to recover funds. The reason is that there is no strict credit policy and no effective collection measures, and accounts receivable cannot be cashed or bad debts are formed. Third, the inventory control is weak, resulting in sluggish funds. Fourth, money is more important than power, and the loss of assets is serious. Many managers of small and medium-sized enterprises have poor management of raw materials, semi-finished products and fixed assets, and their financial management responsibilities are unclear, resulting in serious waste of assets.
(5) The quality of accountants is low, senior financial managers are lacking, and financial institutions are unreasonable.
Most accountants in small and medium-sized enterprises have not received special and systematic knowledge education, and the phenomenon of taking up jobs without a license is extremely serious. Finance and accounting are not divided, there is no full-time financial manager, and the function of financial management is part-time by accounting or enterprise executives, which leads to internal management confusion and unclear responsibilities.
Second, to strengthen the financial management of SMEs countermeasures and suggestions
(A) market-oriented, the use of scientific investment strategies
On the one hand, in order to avoid investment risks, small and medium-sized enterprises should manage their finances steadily and expand their scale in a timely manner. The growth of small and medium-sized enterprises is full of risks. The key to the development of small and medium-sized enterprises is sound financial management and scientific investment. High-risk projects and risk schemes with uncertain decisions should be avoided actively. In practice, small and medium-sized enterprises should adopt short-term investment mode as far as possible, strengthen the investigation and demonstration of investment projects, and constantly optimize investment plans. In addition, we should seize the favorable opportunity to achieve development and expand the scale. Secondly, it is to concentrate advantages and operate professionally. Small and medium-sized enterprises are weak, and they often can't manage a variety of products to spread risks. However, they can concentrate on specialized management by choosing market segments that can make enterprises give full play to their own advantages, increase market share and achieve commercial success. Thirdly, fill the gaps in the market with our own products, make full use of the flexible characteristics of small enterprises, and find the gaps in the market to invest, expand the space and develop in the direction of specialization according to the principle of "no one has me". On the other hand, the investment of small and medium-sized enterprises should be mainly inward investment. First, the investment in trial production of new products. The product market share of small and medium-sized enterprises is limited, and the fist products of enterprises also have a certain life cycle. If marketable new products are constantly put on the market and old products are constantly eliminated, they will always be in an invincible position in the market competition. Second, we should attach importance to the investment in the renovation of technical equipment as a long-term strategy of enterprises. Third, investment in human resources, especially the possession of management and technical talents, is a magic weapon for enterprises to win. Talents can be introduced through recruitment; You can also improve the skills and quality of existing internal personnel through training.
(2) Optimize the external environment of enterprises and broaden the financing channels of enterprises.
1. The government should improve the laws, regulations and related policies that are beneficial to the development of small and medium-sized enterprises as soon as possible. At present, China has issued "Several Policy Opinions on Encouraging and Promoting the Development of Small and Medium-sized Enterprises" and "Small and Medium-sized Enterprises Promotion Law", which shows that China has made some achievements in this field. I hope the government can speed up the process, constantly improve policies and regulations, and give SMEs more opportunities for equal competition. Small and medium-sized enterprises can set up financial institutions, such as setting up small and medium-sized enterprise funds, so as to broaden the financing channels of enterprises and solve the financing problem to some extent.
2. Establish a credit guarantee system for SMEs. Credit guarantee for small and medium-sized enterprises is an intermediary organization with the purpose of service. The guarantee fee should not be charged at the expense of increasing the financing cost of SMEs. In the process of establishing the credit guarantee system, the credit guarantee system should be combined with other forms to provide diversified services for the financing guarantee of enterprises, thus providing more financing opportunities and solving the financing difficulties of enterprises to a certain extent.
3. The financial industry should be the driving force for the development of private economy. In order to give full play to the role of the financial sector, financial institutions should change their concepts, break through the barriers of traditional concepts and systems, speed up the reform of the credit management system, and adapt to the development needs of the private economy. The healthy development of market economy has injected great vitality into small and medium-sized enterprises. The financial sector should break through the concept, absorb and introduce international and domestic advanced financial products, such as patent loans and brand pledge loans, so as to better promote the healthy and rapid development of small and medium-sized enterprises, improve the loan decision-making procedures, and establish a credit approval mechanism suitable for small and medium-sized enterprises. It is necessary to establish a credit management mechanism that combines incentives and constraints to improve the credit marketing enthusiasm of credit personnel.
(C) All-round changes in corporate financial management concepts
The concept of financial management is the value of guiding the practice of financial management and the starting point of thinking about financial management problems. Facing the new financial environment, it is difficult for enterprises to win a place in the fierce market competition if they can't completely change their financial management concepts.
1, establish a people-oriented financial management concept. Paying attention to human development and management is the basic trend of modern management. Every financial activity of an enterprise is initiated, operated and managed by people, and its effectiveness mainly depends on people's knowledge, wisdom and efforts. Therefore, in financial management, we should establish the idea of "people-oriented", abandon the concept of "material-oriented", understand and respect people, standardize the behavior of financial personnel, establish a financial operation mechanism combining responsibility and rights, and strengthen the incentive and restraint to people. The purpose is to fully mobilize people's enthusiasm, initiative and creativity in scientific financial management.
2. Establish the concept of diversified capital management. After China's entry into WTO, the capital market will be opened and the market entry threshold will be lowered. A large number of foreign banks and foreign-funded enterprises will be stationed in China, and a large number of foreign capital will flood into the China market. Small and medium-sized enterprises should seize this opportunity, actively seek cooperation with foreign capital, improve management level, realize diversification of investment subjects and optimize corporate governance structure.
3. Establish the concept of risk management. In the modern market economy, due to the role of market mechanism, the interests of any market subject are uncertain, and there is the possibility of suffering certain economic losses, that is, it is inevitable to bear certain risks. In the era of knowledge economy, enterprises will face greater risks. In financial management, we should establish the concept of risk, be good at making scientific predictions about the uncertain factors brought about by environmental changes, and take various preventive measures predictably to minimize possible losses and improve our ability to resist risks. There are two important ways for small and medium-sized enterprises to guard against risks: first, to formulate detailed financial plans and determine uncertain factors through financial plans, so that enterprises can have a mechanism to cope with changes and reduce the impact of future risks; The second is to establish a risk prediction model to identify possible risks in a predictable and systematic way, so as to change passivity into initiative and nip in the bud.
(four) to strengthen the management of funds and accounts receivable, strengthen financial control.
1, improve the efficiency of capital operation, form a reasonable capital structure, determine a reasonable debt ratio, and make the best use of funds. While improving the capital structure, we should maintain a certain cash capacity, ensure the flexibility of daily capital use, prevent market fluctuations and loan difficulties, and determine the best cash holdings. Generally speaking, assets with strong liquidity have low returns, which means that enterprises should reduce idle funds as much as possible. Even if they don't invest in their own assets, they should invest in other assets that can generate income to avoid the losses caused by idle funds. When the actual cash balance of an enterprise is greater than the optimal cash holdings, strategies such as repaying debts and investing in securities can be adopted to adjust the actual cash balance. On the contrary, when the actual cash balance is less than the optimal cash holdings, short-term financing can be used to adjust the actual cash balance.
2. Strengthen the management of accounts receivable. After the occurrence of accounts receivable, enterprises should take various measures to recover the money as soon as possible, otherwise they will have bad debts due to too long overdue time and make enterprises suffer losses. Analyze the aging of accounts receivable and prepare an aging analysis table to see how many debts are in the credit period and how many debts exceed the credit period. Enterprises should adopt different collection methods in different periods and formulate economic and feasible collection policies. For possible bad debt losses, they should withdraw bad debt reserves in advance and fully estimate the impact of this factor on profits and losses.
3. Strengthen property control. Establish internal control system, improve property and material management, establish standardized operation procedures for material procurement, material acquisition and sample management, plug loopholes and maintain safety. Property management and recording must be separated in order to form a strong internal inspection. Asset management, recording, inspection and verification must never be entrusted to one person. It is necessary to make regular inventory, expose problems, and promote the improvement of management and the strengthening of responsibilities. Finally, check it irregularly, and urge managers and recorders to be vigilant and not to be negligent.
(5) Strengthen the construction of accounting team and improve the management quality of enterprise employees.
At present, many small and medium-sized enterprises have unclear accounting accounts, distorted information and chaotic financial management; Business leaders often participate in corruption and bribery; Enterprises set up off-balance-sheet accounts and practise fraud, resulting in false profits and real losses or inflated profits. The reasons are as follows: first, the financial foundation of the enterprise is weak, the quality of accountants is not high, and they are subject to the leadership and cannot exercise their supervisory power; Second, the legal concept of enterprise leaders is weak, ignoring the seriousness and compulsion of financial system and financial discipline. In order to solve the above problems, first of all, small and medium-sized enterprises should strictly implement the employee pension and medical security system to attract more senior financial managers to play a role in small and medium-sized enterprises. Second, enterprise accountants should strengthen training and ideological and political education, especially study accounting law, accounting standards and accounting system, enhance the supervision consciousness of accountants, and require accountants to hold certificates. Third, enterprise leaders should constantly improve their legal awareness and enhance their legal concepts. Only through the joint efforts of financial personnel, leaders and even all employees can we improve the operating conditions, financial management and competitive strength of enterprises.
In the field of Internet, e-commerce has always been regarded as the branch most affected by the financial crisis. However, there have been many operations in the field of e-commerce recently. It is said that Google plans to buy baobei.com and set foot in C2C. Alibaba has invested 5 billion yuan in Taobao and spent 30 million dollars to promote overseas e-commerce platforms. Coupled with ShopEx's wholly-owned acquisition of EcShop and related products last year, and Baidu's high-profile launch, China's e-commerce can be described as surging.
A series of actions of Internet giants reflect the vitality of e-commerce, and even sound government agencies are actively participating in promoting the construction and development of e-commerce. For example, Zhejiang, Guangdong, Sichuan and other provinces have introduced a series of measures to promote the development of e-commerce, which may reveal a message to us: e-commerce may become an important force to promote economic development, or even an important pillar.
At present, the potential of e-commerce is far from being tapped. If one day e-commerce matures, it will naturally shield and adjust the negative effects brought by the financial crisis. In fact, this mechanism is far from being established, and one of the important factors is the serious structural imbalance.
The current e-commerce models are B2B, C2C and B2C. At present, B2B and C2C are developing better, but B2C is less. At present, B2B and C2C also occupy half of e-commerce. From this structure, the lack of B2C has become the chief culprit of the shrinking market of a large number of enterprises. B2B has Alibaba, C2C has Taobao, Paipai and Yi Bei, and both Alibaba and Taobao have extended their business scope to almost all industries. B2C is still limited to some industries, whether Vancl, Dangdang or Red Kids, their business scope is only a single industry and a single level of operation. The core driving force of B2C is that enterprises must establish their own e-commerce platform in order to reach the target customers effectively.
Due to the blank in B2C field, many enterprises know little about e-commerce, let alone set up their own teams to build operation teams and e-commerce platforms. Therefore, strong market demand has spawned the rise of third-party e-commerce platforms. ShopEx is one of them, and the recently released version of ShopEx v 4. 8. 3 shows its accomplishments in the third-party e-commerce platform. Through careful observation, the author found that ShopEx platform can fully meet the needs of enterprises and can be another entrance and channel for enterprises.
Careful observation shows that Alibaba and Taobao only provide a platform, an aggregation platform, which aggregates a large amount of information, increases the cost for users to obtain information, and reduces efficiency. It seems that they are not suitable for B2C. ShopEx, on the other hand, gives ownership to enterprises, allowing them to build their own e-commerce platform and communicate directly with customers. Therefore, the efficiency will be greatly improved to meet the differentiated needs of enterprises, thus avoiding some unnecessary information search and screening processes. Therefore, ShopEx actually divested Alibaba's business, further promoted e-commerce and made it closer to the actual needs of enterprises and customers.
To sum up, e-commerce may become an important pillar of future economic development. When more and more enterprises establish their own e-commerce platforms and more transactions are conducted through the network, the efficiency of economic operation will be accelerated, so that the economy can return to its original normal track faster and better, and the losses caused by the financial crisis will be minimized.