Centralized accounting of Enterprise Group_3808.doc

centralized accounting of enterprise group abstract with the deepening of soe reform and the rapid development of private enterprises, there has been a large number of assets, restructuring, mergers and other business expansion in cross-industry, the emergence of a large number of group companies. conglomerate form of organization and management of increasingly complex, diverse, competition and capital between enterprises operating in the context of broader expansion, capital movement time and space dramatically reduced, capital flows become more frequent. perfected in the market economic system today, for the economic construction of the financial accounting model is also continuously developed, has appeared in the accounting system and the presence of centralized financial accounting system, these systems are both the product of a market economy, but also further promote the market economy. conglomerates centralized accounting system is in the business generated in the process of accounting development financial accounting services and supervision as one of the new financial management model, is increasingly being adopted by the group companies, in corporate financial management play an increasingly important role. i wish to group companies centralized accounting issues related to the discussion for reference. keywords: enterprise group centralized accounting first, the current group companies centralized accounting problems and the need for enterprise groups have more levels of management and more structured work activities, often using decentralized form to adapt to the uncertainty of the external environment. corresponding, corporate accounting were usually divided by the accounting entity level accounting model, which reflects the breakdown by function layers, and continuously refine the management of ideas. group to the centralized accounting: the relevant group company in accordance with national accounting system, with its own operating characteristics, to develop uniform methods of accounting, unified financial reporting process, a unified coding system and a unified financial reporting system to ensure that all subsidiaries and comparable financial information and accounting statements of a high degree of consolidation and merger. group would like to take to achieve the companys financial objectives, reduce internal financial information is not symmetry, norms and behavior of the subsidiarys financial constraints, to effectively solve the agency conflict. groups centralized accounting enterprises there are many problems: 1. financial management, oversight has been weakened centralized accounting, the two leaders of the unit that the parent or primary agency will check the accounting, no rigorous examination; unit reimbursement staff think they just cash the cashier and accounting documents to receive, reimbursement of the paper transfer member; and accounting center that the autonomy of the unit, its responsibilities in accounting, supervision difficult. thus, the accounting center and the summary report on the respective responsibilities of units had some vague ideas, resulting in a limbo phenomenon. this makes the group companies centralized accounting of the secondary and tertiary units weak material management of property issues more prominent, the checking of the current funds to clean up some relax. 2. unit has been weakened internal control mechanism after the implementation of centralized accounting, the secondary and tertiary units canceled accounting, cashier, set up a reimbursement officer, responsible for the financial revenue and expenditure units daily, for billing, reimbursement, financial seal storage unit, purchase a variety of instruments responsible for the issuance of units of payment and payment receipts summary report of work, the original, respectively, by the accounting, treasury, bills become incompatible duties undertaken by the administrator responsible for a lack of constraints in this part of the internal units. in addition the two , abolition of three units of accounting, treasury, the accounting and auditing are often the related reimbursement by the primary responsible person or staff to complete, while the primary staff person in charge or the reimbursement is often the managers of economic issues, the lack of oversight of the accounting unit this link. accounting center difficult or impossible to check the authenticity of the economic issues, which makes even more weak internal supervision. higher authorities or their subordinate units of the special funds of funds management and supervision have also been weakened. 3. the basic units of internal control system does not meet the higher requirements centralized accounting, the groups business-to-the second, third or even four units and expenditure management. however, some units in addition to its own set of financial unlisted, subordinate units or departments are equipped with the financial statement accounts. these are to avoid the accounting supervision, a unit of super bonuses, subsidies and a haven for illegal expenditures. 4. there may weaken the enthusiasm of corporate management under the implementation of the group financial centralized accounting for affiliated companies, the power has been relatively restricted, if the incentives do not match, or not in place, it may affect its business initiative, enthusiasm, ranging from the development of our business and development it caused heavy loss of personnel and customers. therefore, to strengthen management, and intensive management, accounting focus to become one of the necessary conditions. to achieve centralized management and a platform for the centralized accounting; and accounting have focused in turn, help promote the management focus, the two are interdependent and mutually reinforcing. links to research papers download http:/ second, improve the groups corporate strategy of centralized accounting 1. timely ideas, to create a good atmosphere in the accounting publicity, awareness, clear responsibilities, coordination and communication is to strengthen the implementation of centralized accounting and supervision of fund management companies is an important measure, is conducive to efficient use of corporate funds to prevent companies high-level corruption, eliminate unhealthy practices. implemented a centralized accounting is an enterprise fund financial management reform trends and requirements. 2. changing accounting functions, from the transformation of the accounting model to the management the implementation of centralized accounting, is the accounting units financial management from the isolated, meaning that the financial management staff to remain in the unit to remain in the financial management functions of the unit, the accounting officers to concentrate on the accounting center, the accounting and accounting oversight functions into the accounting center. however, if the accounting center as an accounting body just is not enough, but to focus on budget execution information feedback and control. the need to strengthen control of the budget funds to pay the advance, the decision before disbursement of funds should determine whether they should pay, how to pay, but not in the clear after the fact to pay over. the development of the accounting center, to be managed from a change in the accounting model to completely reverse the accounting center as a simple accounting of the concept of agency . 3. improve the internal and external monitoring system to ensure that enterprise funds, property, security of supplies the one hand, the accounting center to strengthen internal control and self-restraint, strict operation and risk prevention. after the centralized management of enterprise funds, enterprise funds are also much focus on risk management, the need to strengthen internal control, the establishment of an internal control mechanism to prevent risks. to costs of examination and approval system to establish large, super-index examination and approval system, ultra-approval system with a plan and budget section of the property unit of the system of internal control system, materials management, clear responsibility. on the other hand, the accounting center should take the initiative to accept supervi