Application Of Accounting Control Right In Financial Control Of Enterprise Group

Abstract: enterprise group is an enterprise consortium consisting of multiple legal persons. The purpose of group formation is to achieve the advantages of resource integration and integration and management synergy.

The financial management objective of enterprise groups is the integration of individual financial goals of member enterprises in the overall financial goals of the group.

The owners pursue the maximization of stockholders' rights and interests, and operators have the right to ask for management and remuneration for labor. The goal is to maximize their utility.

Because of the inconsistency between the owner and the manager's utility goals, the member enterprises will inevitably breed the tendency of maximizing their local interests in the process of financing, leading to the deviation of the individual financial objectives of the member enterprises from the overall financial objectives of the group, that is, the adverse selection of the enterprise's financial management targets, which will erode the interests of shareholders and property safety.

Accountants use separate accounting control rights to control the adverse selection of financial management objectives and ensure the safety of shareholders' property through financial control.

Like most East Asian countries, China's many corporate governance structures are family models. The ownership and management rights of the company are highly concentrated. Family control leads to the key decisions made by the dominant families themselves.

With the rapid development of enterprises, enterprise groups have gradually formed.

After the formation of the enterprise group, there are many threads and long lines. The original corporate governance structure has not been able to make the enterprise group run normally, and the governance structure separating ownership from management rights has gradually formed.

(1) the concept of enterprise group. The enterprise group itself is not a legal person. It is a consortium composed of multiple legal persons. It does not depend on whether it is composed of multiple legal entities in the form of a consortium, but whether it can follow the purpose of group formation: achieving the advantages of resource integration and integration and management synergy advantage.

(two) the problems in financial control. I am a foreign investment enterprise group. In the process of auditing the group members, I find the following problems: 1, the adverse selection of the financial management objectives of the members of the enterprise group. The goal of the financial management of the enterprise group is the integration of the individual financial goals of the member enterprises in the overall financial goals of the group.

The owner of the company seeks the maximization of stockholders' rights and interests, and the operator is entitled to the right of management and remuneration for labour, which is the internal person (or agent), whose aim is to pursue the maximization of his utility, that is, to strive for as many salaries, bonuses, leisure and honor as possible.

Because of the inconsistency between the owner and the insider's utility goals.

As a result, the member enterprises will inevitably breed a tendency to maximize their local interests in the course of financing, leading to the deviation of the individual financial objectives of the member enterprises from the overall financial objectives of the group, that is, the maximization of the financial goals of the member enterprises to replace the maximization of the overall financial objectives of the group.

The partial consistency between the local interests and the overall interests, and the phenomenon of excessive independence or lack of cooperation in the operation of financial activities of the member enterprises, that is, the adverse selection of financial targets,.2, the emergence of the operators' interests for individuals or small groups, resulting in distortion of accounting information, confusion in financial revenue and expenditure, loss of assets, external circulation of funds, and even the use of personal operations by companies, which seriously eroded the interests of shareholders.

1 cases of accounting information distortion and accounting information distortion in accounting audit have found such a case: the group's assessment of the managers of its trading companies, one of which is the assessment of profits. In order to accomplish this index, a trading company manager directs financial personnel to make use of the profit situation to share more or less expenses, or when the cost of carrying forward the sales is not based on the principle of inertia. If the loss is large this month, the cost will be less, otherwise the profits will be adjusted artificially and the accounting information will be distorted.

In the audit of a trading company, the audit company found that the difference between the amount of the company and the customer's bill was 50 thousand yuan, asking the financial officer, the original trade company manager to help the clients to avoid tax, without the receipt of the customer's money, let the company's financial personnel falsifying the cash receipts receipts, and after the oral good deeds, the false receipts would be returned to void in 2.

As a result, both sides forgot to sell out this inflated business.

When the auditor asked the customer to return the cash receipt, the customer refused to admit that the cash receipts were falsely opened, insisting that the cash payment was 50 thousand yuan. The manager of the trading company refused to admit that the financial personnel would not open the cash receipt in order to evade responsibility. At that time, the financial staff regretted that it was too late.

The main assets of the trading company are bank deposits, cash, accounts receivable and stock. During the audit, the following problems were discovered: A, the management of Monetary Fund, the cash cheque numbers of the 3 companies were discontinuous, and there was a phenomenon that the check was not registered.

There is a problem of casually lending accounts. The managers of trading companies borrow a large amount of cash for personal consumption. In order to deceive the public, the financial personnel are not allowed to enter accounts after using cash checks, resulting in the loss of monetary funds.

B, accounts receivable in the audit process, the financial and current account reconciliation is not in time. It is found that the cash receivable collected by the business personnel will be entered into the company's financial account when it is not enough, and it will cause misappropriation of public funds after personal needs.

Or embezzlement of public funds can not be recovered at the time of discovery.

There is no limit to the cost of payment, and the audit of the authenticity of the cost will become a channel for capital loss.

C, inventory value a, food hedging period, my company is engaged in the food industry, the value of food is closely related to the value maintenance period, and over time, the value of food will be increasingly low.

The farther the food production date is from the warranty period, the higher the value. The closer the food production date is from the guarantee period, the lower the value. Moreover, the shopping mall refuses to accept food for three months in order not to affect the re sale, so we must control the quantity, structure and date of the inventory.

b, shipments are out of control. Customers who pay cash are always good customers. The sale of the company is mainly based on credit sales, and the risk of assets is not pferred before payment is made.

The manager of a trading company, in order to complete the sales evaluation index of the group, does not send large quantities of merchandise according to the customer's sales situation. If the goods are understood to be goods pferred from the repositories, that is, they are pferred from one storage place to another place, the consequences will be: the goods are out of control, if the sales are not smooth, they will cause a large number of returns. The returned food is basically damaged, the peak period, the expiration date and the bad date. It can only be reported or reduced, and only a return is allowed. The whole trading company will lose 5 million yuan a year.

D, capital extracorporeal circulation company has repeatedly stressed that every sales revenue, whether or not the customer needs invoices, must be invoiced and deposited in the bank.

But there are always some trade company managers who knowingly violate their reasons. They are tax avoidance. It sounds as if they are for the benefit of the company. They actually receive cash without invoices, and they will not deposit in the bank. They have lost control of this part of the fund, not only have they omitted the state tax, but also have opened loopholes for embezzlement and embezzlement of the company's money.

Facts have proved that managers who have embezzled or misappropriated company loans have the above form.

E, using the company to run personal business, the manager of the trading company of the trade company set up its own company, the two companies have a set of people, confuse the customers' sight and pfer the money, Private Companies charges are pferred to the trading company. Two, accounting personnel give full play to the role of accounting control, which is the best choice to achieve financial control.

The implementation of the perfect internal control system must be supervised by the operators.

Accounting personnel through the use of accounting control is the best choice to achieve financial control.

The right of accounting control refers to the right to control accounting reflection and accounting management.

The accounting control rights include the definition of property rights, the right to reflect earnings, the right of investment planning, the right of accounting choice, the formulation and implementation of accounting system and so on.

The separation of ownership and control of modern enterprises form the two main controlling entities, namely, the owners and trustees of an enterprise.

The enterprise agent, that is, the operator, owns the control right of the enterprise operation, but does not bear the main risk of profit and loss; and the owner of the enterprise, that is, the owner, has handed over the control right of the enterprise, and ultimately bears the main risk of profit and loss.

This unequal risk weakens the control and control of agents.

The accountants who should be entrusted to two control subjects at the same time are directly controlled by the operators, but the accounting control rights of the owners are completely weakened.

Therefore, in order to form checks and balances of power and reduce risks, it is necessary to separate accounting control rights from the control rights of enterprises.

Two, accounting personnel are the best financial control executors. Financial control is designed according to the needs of corporate governance structure and the characteristics of production and operation activities. It is used to maintain the balance between stakeholders in the corporate governance structure.

Financial control is an important part of the corporate governance mechanism. Its basic function is to restrict the asymmetry of financial information between the principal and the agent, the incompleteness of the financial contract and the unequal financial responsibility.

1, from the two major functions of accounting (reflection and supervision), supervisory function reflects the role of accounting work in financial management of enterprise management. 2, from the position of Accountants in enterprises, accountants are also the most suitable financial control executors. In accounting, the accounting work is the central link of enterprise management. Almost all of the business of supply, production, marketing, people, money and material must be pformed into accounting information through accounting links. Accountants can fully grasp the various financial activities of enterprises and the financial situation of enterprises.

One of the elements of financial control is information and communication, and the information and communication system around the control activities is information.

These systems enable employees inside the enterprise to get the information they need in executing, managing and controlling the business process and exchanging information.

Therefore, it is decided by the position of accounting work that the power constraint system is established through accounting.

Three, the use of accounting control to strengthen the financial control of enterprise groups, the problems existing in the members of the group, can be controlled and solved from the following aspects: first, the separation of accounting control rights. In practice, accounting is often a subsystem of the enterprise management system. Under the leadership of the managers, accountants serve and participate in the management of enterprises in the form of financial information. Accountants rely on the operators in both organization and economy.

As an "insider role", accountants are more likely to fall into the quagmire of "insider control". As a leader to supervise leaders, it is obvious that they do not conform to the principle of separation between supervisors and supervisors.

This is the accounting control right faced by enterprises.

Therefore, accounting control should be separated from member enterprises to ensure the relative independence of accountants.

The hiring authority of the Accounting Director of a group member enterprise should be held in the hands of the shareholders' meeting. The business operator can provide employment advice without decision power.

In this way, we can pfer the accounting control right from the agent of the enterprise to the entrustment of the enterprise and form the balance of power. At the same time, the control right of accounting is also restricted to the financial control scope of the enterprise, so as to avoid interfering in the economic activities of the enterprise and will not have a negative effect on the independent operation of the enterprise.

(two) through the supervision of accounting control, we should achieve the unity of financial management objectives and the contradiction between the financial objectives within the group. The headquarters must set out the most important interests of the group in terms of the financial management objectives. Based on the integrated strategy, we should coordinate and plan the conflicts of interests and financial objectives between the parent company and the subsidiary company, the parent company and other member enterprises, the subsidiaries and other member enterprises. Finally, we will maximize the individual financial objectives of the member enterprises and ensure the overall supervision of the financial control objectives through the maximization of the overall financial objectives of the group, so as to form an interdependent interaction mechanism between the whole and individual financial goals and overcome the adverse selection tendency of the target group.

It is necessary to evaluate the performance of the operator by evaluating the performance of the operator, and giving rewards and punishments to the operators according to their performance. Three.

Investment in assessing the performance of operators