Corporate internal control of monetary funds貨幣資金企業(yè)內(nèi)部控制

1、Corporate internal control of monetary fundsAbstract establishment and improvement of internal control has become the theoretical circle and practitioners of the topics of greatest concern. Money funds as an important component of enterprise assets in the enterprise accounting occupy an important po

2、sition. Enterprises to strengthen internal controls monetary funds, possession of a good monetary funds of enterprises of great significance. In this paper, the control of monetary funds from the objectives and main content of the monetary funds of enterprises to explore the internal control. Key wo

3、rds the contents of the internal control objectives for monetary capital A monetary goal of capital controls (A) To ensure the authenticity of the currency fund balance Despite the monetary funds in the balance sheet total assets in the proportion of small, but the assets of the business activities

4、of enterprises played a crucial role. Any person operating a part of the lack of monetary funds, if the participation of the business activities would be difficult to normally. As the monetary assets in the accounting records and business processes that occur at greater risk of errors and fraud, and

5、 are reflected in the financial statements of the cash balance will greatly affect managements decision-making, therefore, ensure that is reflected in the balance sheet of the monetary the real balance of funds, as well as in line with the actual number of currency funds is the primary objective of

6、the internal control system, through the establishment of a strict monetary fund operational internal control system, from the personnel functions of the organization, authorization control procedures up to ensure that all monetary income and expenditure of funds to be true record and reflect, as we

7、ll as shown on the balance sheet of the monetary fund balance is derived from these real records. (Ii) to ensure the proper use of monetary funds Money funds are the most widely used corporate liquidity, corporate links between operators should be used, directly or indirectly, monetary funds, the en

8、terprises also a great amount of working capital. In order to ensure the currency business links in the resources required, must be a sum of money for each capital expenditure, combined with other operations in a strict examination and approval. Monetary funds business, internal control system is to

9、 enable the standardization and institutionalization of examination and approval procedures, reduce unnecessary spending, and revealed with the monetary funds of other business-related internal control system weaknesses to prevent encroachment and misappropriation of funds in an enterprises monetary

10、 place. (C) to ensure the currency of funding available The frequency of monetary capital expenditures require enterprises to the stock of a certain amount of monetary funds. Business management authorities must understand that not all money funds can be used to purchase goods or pay for daily opera

11、ting costs incurred. To maintain a certain percentage of the monetary funds to meet emergencies or certain specific uses, for example, bonds, trust deed, loan agreement or payment of dividends, wages fund. For example, the purchase agreement stipulates that companies must demand deposits in the bank

12、 to retain a certain amount of households, then this balance can not be freely used and listed as cash in cash in the balance sheet under the item, only as a sum of current assets to listed. This is easy to manage the authorities will need to schedule according to operating funds, while the needs of

13、 the financial statements are correctly listed on the balance sheet to determine the total amount of monetary funds can be immediately used for any other purpose. (D) To ensure the effectiveness of monetary funds The use of a variety of financing, investment means a reasonable and efficient scheduli

14、ng and use of monetary funds, and prevent or reduce the monetary funds of idle and waste, to maximize the economic benefits of monetary funds. Money-for-money nature of the control method is to formulate monetary and financial income and expenditure, the long-term plans. As predicted in a reasonable

15、 period of monetary capital stock of certain circumstances, some delay in the implementation of monetary funds to pay for the procurement policies and speed up the marketing policies of withdrawing currency from circulation through the return on investment, such as the transfer of bonds, stocks or b

16、ills discounting and so on, to solve the currency expenditure gap . To achieve these objectives, making financing and investment decisions, it is necessary to conduct a comprehensive analysis of various programs, and options for a feasibility study. Money-for-money of control involving the entire bu

17、siness activities of enterprises, enterprises have the actual situations vary widely, effectiveness of control methods should be closely linked with the actual operation. Reposted elsewhere in the paper for free download http:/ Second, monetary funds the contents of internal control (A) is incompati

18、ble with segregation of duties controls Separation of duties between incompatible control means for the relevant duties, must share the responsibility, can not be arranged that a person can serve. This control system allows operation in dealing with the economy, the relevant personnel to offset each

19、 other, mutual supervision, so that separation of duties, internal containment. Specifically include: (1) cash, bank deposits, collection and payment operations authorized by phase separation with the handling. (2) cash, bank deposits, collection and payment operations managers and review of phase s

20、eparation. (3) cash, bank deposits, collection and payment operations managers and accounting separation. (4) cash, bank deposits, bank deposits, bills for the custody and accounting personnel separated. (5) cash, bank deposits, bills for the custody and custody seal separation. (6) cash, bank depos

21、its, journal and general ledger accounting phase separation. (7) cash, bank deposits, separation of accounting and auditing. (8) cash, bank deposits, bank deposits, income proof of payment for the custody and separation of accounting journals. (B) authorize the control of Authorization control means

22、 unit staff at all levels must be authorized and approved, can the relevant economic operations for processing. This control method so that each process, part of a clear responsibility and authority, so that when certain events occur under control. Authorization control requirements call for manager

23、s at all levels of the terms of reference and business process rights, but also requires a clear commitment by all levels of management responsibility, to make them responsible for acts of their business processes. Such as the creation of cash, bank deposits, the internal control system, we must fir

24、st establish the authorization and approval system, that is cash, bank deposits, collection and payment services, it requires by the unit principal executive officer or financial officer for approval to authorize specific personnel to operate, approval generally means that the signature stamp. This

25、process ensures that cash, bank deposits in the balance of payments under the authority of business. (C) security, integrity control Its scope to include a variety of income and expenditure operations, specifically, corporate income and expenditure of funds occurred in the money business, whether it

26、 had been credited to the appropriate accounts according to regulations. (1) Inventory control of cash limits. Cash shall not exceed the limit, more than deposited with the bank. (2) invoices, receipts control. The use of invoices, receipts numbered continuity, checking the monetary funds received w

27、hether they are consistent with the invoice receipt to ensure that all the monetary funds received are recorded. On the invoices, receipts must strengthen their production and income, hair, deposit management, and must be even numbers, establish accounts accounting. (3) business volume control. Acco

28、rding to the amount of business the past, the size of a business, to review the integrity of the monetary funds. (4) the current account reconciliation control. Through regular contacts with the other units of checking account balances, evaluation of the timeliness of monetary funds accounted for pa

29、ying overdue bills, but also due to whether it is true. With particular attention to dealing with bad loans have been made whether the accounts receivable to recover money is not accounted for. (5) control of bank statements, using the list of bank reconciliations and corporate bank deposits journal

30、 transaction-check to ensure the integrity of bank deposits, and its existence. At the same time, through the preparation of bank deposit balance of reconciliation, you can never account for the analysis of up to found the existence of Cuobi. (D) audit and inventory control Currency receipt and paym

31、ent of funds must be audited by the accounting staff rigorous review of its procedures are complete, content is reasonable and lawful; of all cash, bank deposits should be promptly recorded, strengthen audit, and monetary funds on a regular basis and with the Bank of inventory inventory for reconcil

32、iation, so that accounts consistent with accounts, card accounts consistent with the accounts match the reality. In the accounting and management of monetary funds in the process of careful review of the currency funds receipt and payment vouchers, as well as monetary funds authorized to approve imp

33、lementation of the system, focus on examination of the major currency capital expenditures authorized by approval of the soundness of the existence of ultra vires acts of approval, whether existence of monetary funds business is incompatible with the phenomenon of post mix Kong; the same time, check payments and custody of the seal the custody of securities and instruments. 3, the conclusion Monetary funds within the enterprises internal control is an important compone