TITLE:
Reflections on the Construction of the Internal Financial Control System of Group Company Subsidiaries under the Financial Centralized Management System
AUTHORS:
Tao Deng
KEYWORDS:
Financial Centralized Management, Group Company, Financial Internal Control System
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.9 No.3,
September
27,
2020
ABSTRACT: The financial management of the group company is faced with high requirements and relatively great difficulty, especially with the increase of the number of subsidiaries, it is more likely to have deviation and confusion in financial management. The financial centralized management system has become an important mode, which is widely used in the group companies, and has indeed played an important role in the financial management of the group companies. In order to better rely on the financial centralized management system to achieve effective management and constraints for the group company subsidiaries, the construction of a feasible financial internal control system is a necessary condition. This paper first briefly introduces the financial centralized management system and the necessity of its application, then expounds the overall requirements and strategies for the construction of the financial internal control system of the subsidiary companies under this background, and finally discusses the key points of the construction of the corresponding financial internal control system, hoping to have reference function.