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.
Highlights
With the continuous development of China’s social economy, there are more and more group companies
The financial centralized management system has become an important mode, which is widely used in the group companies, and has 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
Summary
With the continuous development of China’s social economy, there are more and more group companies. It will inevitably put forward higher requirements for their own operation management. As a crucial part of the operation management of group companies, should be paid close attention to. The subsidiary companies should adopt appropriate and reasonable management mode to ensure that the group company’s benefits will not be significantly affected. The financial centralized management system has been practiced and applied in more and more group companies at present, which can assist the group company to realize effective control of the financial condition of each subsidiary, and has become an important means to attract more attention. This paper first describes the concept of centralized fund management, and analyzes the construction requirements of financial internal control system of group company’s subsidiary, put forward the key points of constructing financial internal control system of group company’s subsidiary (Jia, 2020)
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