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5 Analysis of the New Energy Vehicles Insurance
New Energy Vehicles Essay: In recent years, with the continuous deepening of the concept of energy saving and environmental protection and the continuous improvement of the level of automobile research and development, the production and sales of new energy vehicles in my country have grown rapidly, and they have great development potential in the automobile market. Compared with traditional fuel vehicles, new energy vehicles are quite different in structure. Therefore, traditional auto insurance cannot protect against the unique risks of new energy vehicles.
Here are the articles to answer, the doubts about the Analysis of the Development Status of New Energy Vehicle Insurance
In December 2021, the introduction of new energy vehicle commercial insurance exclusive products prompted the rapid integration of new energy vehicle insurance into the new development pattern, and the development prospects are immeasurable. This paper analyzes the current status of the development of new energy vehicle insurance, finds out the existing problems and puts forward suggestions for the development direction of new energy vehicle insurance in the future.
An overview of my country’s new energy vehicle industry
The new energy vehicle industry is developing rapidly. In 2021, the production volume of new energy vehicles in my country will reach 3.545 million units and the sales volume will reach 3.521 million units. As shown in Table 1, the sales volume of new energy vehicles is growing rapidly, with a year-on-year increase of 113.9%. At the same time, the export of new energy vehicles has achieved breakthroughs. In 2021, the export of new energy vehicles will reach 310,000 units, a year-on-year increase of three times.
These data show that new energy vehicles have entered a new track for large-scale and rapid development. Today my country’s new energy vehicle brand market is mainly composed of three categories: one is the overseas car-making force represented by Tesla, which occupies the high-end market of its high-end brand awareness, design, and technological advantages. In 2021, Tesla has strengthened market attention and traffic through price cuts, which will have a greater impact on competitors.
The second is the domestically produced cars represented by BYD, NIO, and Xpeng. They have Internet genes and are influential in the high-end market of Generation Z, especially NIO. The third is the economical and practical school represented by Wuling Hongguang MINI EV, which mainly benefits from third-tier cities and towns, and will become an Internet celebrity brand in 2021 with leading sales.
Development Status of New Energy Vehicle Insurance in my country
The introduction of new energy vehicle insurance
There are big differences between new energy vehicles and traditional fuel vehicles in terms of power principle, structure, maintenance, etc. The battery is the basic energy and power source, the drive motor can convert this onboard energy into driving power, and the electronic control system controls and monitors the vehicle. The operation and component status of new energy vehicles, referred to as the “three power” system of new energy vehicles, before the introduction of new insurance clauses, these risk factors were not covered by suitable insurance coverage.
Traditional auto insurance cannot match new energy vehicles, so it is an urgent matter to modify and improve the original auto insurance products to match new energy vehicles. To fully implement the “dual carbon” goal, on December 14, 2021, the Insurance Association of China issued the “New Energy Vehicle Commercial Insurance Exclusive Clauses (Trial)”. The “clauses” mainly include new energy vehicle loss insurance in terms of insurance types, third-party liability insurance, vehicle personnel liability insurance three main insurance, additional insurance types are adjusted from 11 traditional auto insurance to 13, adding additional external power grid failure loss insurance, additional self-use charging pile loss insurance, additional self-use charging Three new pile liability insurances.
Sale of new energy vehicles (unit: 10,000 units, %) Exclusive additional insurance for energy vehicles, basically taking into account the common risks of new energy vehicles. Motors, batteries, and electronic controls are the components with the most concentrated risks. These components are covered by the new energy exclusive auto insurance, indicating that the coverage and responsibilities of new energy vehicles are more complete. In terms of insurance, a new car can be directly insured, and a vehicle that has been purchased before needs to wait for the expiration of the previous auto insurance coverage before insuring the new energy vehicle auto insurance.
The characteristics of new energy vehicle insurance
New energy vehicle exclusive insurance can fully consider the risk characteristics and usage scenario characteristics of new energy vehicles, and the insurance subject matter, insurance liability, and insurance amount are more compatible with these characteristics, which can effectively meet the needs of new energy vehicles. You may like to learn ERP systems in Financial Management Essay.
First of all, in the design of insurance content, the new exclusive insurance can be designed in combination with the risk characteristics of automobiles, which has certain pertinence; the clauses clarify the insurance responsibilities involved in the “three power” system, fire accidents, charging status, etc. When the exclusive additional insurance for energy vehicles is included, for the first time, external equipment such as charging piles are included in the coverage, and the monthly depreciation coefficient is appropriately adjusted according to the characteristics of new energy vehicles.
Secondly, in terms of coverage, the design of insurance clauses comprehensively considers the risks in the use of new energy vehicles, designs additional insurance for the charging process, covers loss insurance and liability insurance, and uses the insurance mechanism to further share the charging process of new energy vehicles. risk and protection are more comprehensive. It is worth noting that since the introduction of this clause is still a trial plan, there will still be many uncertainties in the implementation process, and it still needs to be updated and improved in the continuous development process in the future.
Three new energy car insurance problems
As a mature and standardized business, auto insurance generally has little potential for development. However, with the entry of new energy-exclusive auto insurance, the development logic of the market needs to be reshaped, and insurance companies will face new opportunities and challenges. Dropshipping How to Start? 8 Expert Reasons is Worth it.
High premium pricing
Since the rise and fall of premiums are related to the number of vehicle owners’ violations and the number of accidents, the premiums of some models with higher loss rates and higher prices in the past will rise. New energy vehicles are fundamentally different from fuel vehicles. Therefore, the situations of failure, maintenance, and claims are also different, and there is another set of pricing systems. Since the introduction of the new insurance terms, there has been a rise in auto insurance for some policyholders.
For example, Tesla has the highest claim ratio and claim amount, reaching 1:1.4. The all-aluminum body used by Tesla can only be replaced in one piece after damage, so the compensation amount after an accident is higher than that of other models. expensive. In the past car insurance cases, there have been many battery fires and combustion accidents, which also caused casualties. Although the causes of accidents involve various aspects, industry experts mostly point to the battery itself and the design of the whole vehicle.
They cannot control their accidents and reduce maintenance costs. It is difficult to reduce the insurance premiums of new energy vehicles (especially high-end models). Car companies have to continue to invest in subsidies. With the further popularization of new energy vehicles, all kinds of accident conditions that have never been heard of before having the probability of occurrence, resulting in prolonged claims settlement time and increased costs. These factors will lead to further increases in insurance premiums.
Difficulty in settling damages
Based on the continuous improvement of technology and capital investment in the auto industry, the current high-end new energy vehicles are also equipped with high-intelligence equipment, and insurance companies lack talents who understand this aspect. Once an accident occurs, it is more troublesome to settle a claim for damages. Insurance companies rely on data when setting insurance rates and providing service standards, including driving behavior data and vehicle attribute data.
However, at present, the relevant price and underwriting data resources of new energy vehicles have not been fully obtained by insurance companies, which is not conducive to premiums. Calculate. Due to the lack of professional talents in insurance companies, the maintenance costs of new energy vehicles in the current market are more dominated by car companies, which will lead to insurance companies in a passive position in the process of auto insurance pricing.
High payout rate
In recent years, new energy auto insurance claims have faced greater pressure. Report data shows that the current average loss rate of new energy auto insurance is close to 85%, and the industry is greatly affected by underwriting losses. Insurance companies at this stage cannot achieve a balance between service and profitability. The high loss rate of new energy vehicles is mainly due to the following factors: firstly, in terms of the nature of use, the proportion of commercial vehicles in the use of new energy vehicles is relatively high; secondly, in terms of model structure, the structure of new energy vehicles is different from traditional fuel vehicles.
Vehicles often have the characteristics of low chassis and fast starting, so the probability of accidents will increase; in addition, at the technical level, due to technical blockade and monopoly, some problems that seem to be small in traditional fuel vehicles, On new energy vehicles, more complex maintenance methods are often required due to technological blockade and monopoly. Given the above reasons, the overall loss rate of new energy vehicles is relatively high.
Four new energy auto insurance development direction
The launch of new energy-exclusive auto insurance is a necessary measure for the insurance industry to maintain the healthy development of its own business, and it is also one of its means to initiate checks and balances against the new energy auto industry. Combined with the current market problems, new energy auto insurance needs to be further developed and improved.
Model premiums need to return to a reasonable range
Benchmark pure risk premiums are a key factor in determining premiums. On December 14, 2021, the China Association of Actuaries released the “New Energy Vehicle Commercial Insurance Benchmark Pure Risk Premium Table (Trial)”, which is a new energy exclusive main insurance based on the underwriting data and claims data of new energy vehicle commercial insurance in recent years. and Rider Benchmark Pure Risk Premium Schedule. In the preparation process, the affordability of consumers of models with lower price ranges is fully considered to ensure that the overall premiums of models in this range will not rise.
However, for models with a higher price range, the insurance premium mainly depends on the insurance claims, including the previous sales volume, accident rate, average maintenance costs, etc., because the configuration of high-priced models is also higher, coupled with the sales volume of some new energy vehicle companies It is significantly lower than that of traditional car companies, and there are fewer maintenance outlets, resulting in high maintenance costs and increased insurance premiums. With the expansion of the application scale of the terms, the cost of claim settlement will be further reduced and the pricing will be more refined, which will also push the rate of new energy auto insurance to a reasonable level.
In addition, at present, the operation monitoring and data collection of new energy vehicles have been fully promoted. Insurance companies can cooperate with professional automobile inspection and testing institutions to study and build a safety risk assessment system for new energy vehicles and power batteries, introduce a safety factor in the determination of premiums, and establish A more scientific and reasonable new energy vehicle insurance rate determination system.
Further, improve industry security services
Insurance companies should further enhance their understanding of new energy vehicle products and structures, continuously strengthen the introduction and training of talents, and use the power of technology and big data to solve problems. Relying on the digital economy, more innovative, highly permeable, and wide-ranging new energy-exclusive claims protection services will be launched to better meet the needs of different consumer groups.
At the same time, in the development of new energy auto insurance, because auto companies have advantages in customers, data, technology, network, etc., in the design of related insurance products, they must cooperate with insurance companies with relevant qualifications; After that, car companies are bound to rely on the offline layout of insurance companies for later claims. Only by strengthening exchanges and cooperation between the two departments can the accuracy of loss determination be further achieved.
Accelerate the innovation of the new energy vehicle industry
In the current new energy vehicle market, a lot of operating vehicles come from leasing companies. Some leasing companies have non-operating vehicles, their real uses are more complex, and the compensation is also very different. The loss rate of these vehicles will be very large. There are certain difficulties in verifying the information. Under the background of the rapid development of new energy vehicle technology and the insufficient accumulation of relevant insurance big data, only continuous product innovation, continuous collection of related data, and accelerated integration with related industry chains such as automobile production, sales, and logistics can further promote new energy Development of car insurance.
At the same time, the new energy vehicle industry should also make full use of technology, continue to accelerate the improvement of product performance, and continue to innovate and improve product design, safety performance, battery life, intelligent experience, and supporting facilities for charging services. Today, with the increasing penetration rate of new energy vehicles, new energy vehicle insurance is a new challenge and opportunity for the insurance industry, and the trend is irreversible. But objectively speaking, the entire insurance industry is still in its infancy in terms of new energy auto insurance, whether it is the recognition of models or product design, and the industry still has a very long way to go.
5 Analysis of the New Energy Vehicles Insurance; Photo by Maxim Hopman on Unsplash.
July 20, 2022
How to find the 1 Best Restaurant for Lunch near me?
Why consume lunch? Lunch is an essential meal for everyone. Best Restaurant for Lunch near me – It affords electricity and vitamins to preserve the physique and talent working correctly in the afternoon. A packed lunch made at domestic can be a healthful and scrumptious preference and offers you manage over the ingredients and elements included. So too can lunch eaten in a restaurant or canteen supplied it follows the guidelines of a healthful diet.
Here are the articles to answer, my doubts about choosing the Best Restaurant for Lunch near me!
Dietary surveys have proven that most human beings want to reduce their consumption of saturated fat, salt, and sugar, and make bigger their consumption of dietary fiber, fruits, vegetables, and oily fish. Packing a wholesome lunch every day is a superb way to assist you to meet these desires and can additionally shop your money. You may like to Write a Title Ideas for Post and Illustration Essay.
What is a nutritious lunch?
The key to a nutritious packed lunch is the range and getting the proper stability of meals to grant you the vitamins you want to continue to be healthy. Our everyday consumption of energy and vitamins is broken up over the ingredients and snacks we devour all through the day.
One way to unfold calorie consumption over the day is to eat 20% of whole calorie consumption at breakfast, 30% at lunch, 30% at dinner, and 20% for snacks. The energy we eat from drinks is additionally blanketed in this allowance. What the breakdown of energy appears like over a say for guys and women. Most energy must come from meals eaten at meal instances instead than from drinks and snacks.
Debts of luch
Lunch is with the aid of all debts a daintily mentioned theme. Do we should have lunch or do we not? For a few’s purposes, lunch is the only supper of the day to pass. Many feel it isn’t always critical that you have lunch for as long as you aren’t starving. Not with status’s concept process, lunch is a vital dinner. It is not tough to emerge as concerned with paintings and unique exercises throughout the day and no longer experience having the opportunity and willpower to devour something.
Assuming you’re a man or woman that skips lunch near me with the possibility that you are a more vital person from your corporation, or that you may accomplish greater by using now not eating, you ought to rethink your technique. Studies have shown that consuming everyday dinners over the day builds your well-known performance by way of a notable deal. At the factor whilst you don’t devour robotically it seems to be extra difficult to recognize on undertakings and you’ll usually make, more sluggish, lesser first-class choices.
Try no longer to assume that because you do not commonly get keen during the day that this does not situation you. This deficiency of fixation and inferior first-rate navigation doesn’t appear because of craving. It happens in mild of the truth that while you do not have new meals on your framework, your glucose brings down. Whenever you have low glucose, it becomes more difficult for the human cerebrum to concentrate and recall the records it receives.
I took a sandwich, however, paintings appeared to be excessively earnest for me to shop any time in any respect to devour it. When we would get running it’d be time for dinner and continually I might contemplate internally the manner that futile it regarded to convey a sandwich.
I currently realize that if I ought to have required even the simplest 5 or 10 minis out of the day to eat my sandwich and clear my psyche a little I would have been an appreciably greater useful and considerable consultant. I started to renowned why having lunch near me is sizable close to the furthest restriction of that painting and ate in some degree a touch Lunch Near Me the most recent few days.
I observed that as I ate the entire extra continually I become loads greater completely satisfied man or woman. Those maximum recent couple of days regarded to circulation pleasantly and I should understand that I turned into running tougher and (all of the more extensively) I changed into working more splendid. I just need to return and have lunch near me always. I’m sure that my functioning revel in would have been extensively more high-quality.
I despised quite good a deal of the entire paintings, however, thru it, I found out the motive why consuming automatically is huge. So indeed, lunch near me is a critical supper of your day. At the point when you devour automatically, you grow to be a greater benefit, greater glad, and higher man or woman. You do not need to enjoy some days off. Simply require 3 mines to consume something and clear your psyche. Trust me; having is truly justified.
What are the benefits and dangers of ingesting at a restaurant?
Before you choose the best restaurant for lunch near me, you are like to know a few good things and bad things for the restaurant;
Advantages:
- Food. There are constantly dishes you can’t replicate at home.
- Washing up. It’s exceptional for any person else to do it.
- Atmosphere. Such a fantastic journey to dine out.
- Quality. Always top-notch meals anticipated and received
- Friends. No higher way to socialize with household and buddies than to dine with them
- Convenience. No want to marvel at what you’re going to consume tonight. The restaurant will have every dish you ought to want. Our nearby will usually have high-priced stuff in except you want to order in advance. eg. lobster, complete fish, suckling pig, etc.
- Service. It’s very pleasant to obtain first category provider from the waiter/ess
- Experience. We usually get pleasure from our trip of ingesting out. Chinese eating places are continually correct price for money
- Happiness. We are continually on an excessive after consuming out. We experience it that much
- Free food. We constantly get free soup and free fruit every time we dine. Regular clients will usually get this kind of cure in a Chinese restaurant
- Night out. We constantly make nighttime of it. We sit, consume and discuss for hours on end.
- No wasted food. Takeaway containers will constantly be given to pack any leftover food. Chinese hate losing food.
Disadvantages:
- Travel to and from. Our favorite restaurant is forty minutes power from our house. That’s a 1 hour 20 minutes spherical trip. That’s a bit inconvenient.
- Cost. It’s now not less expensive to consume out nowadays.
- Potential different costs. We organized to meet up at our preferred restaurant closing week however our vehicle broke down. We ended up paying £30 for taxi fares.
- Overspend. Chinese hosts continually overspend on food. If you no longer order adequate food, you will show up stingy. Not good.
- Drinks. Always on the costly facet however that’s par for the course. Luckily, the Chinese drink Chinese tea commonly and that’s free.
How to find the 1 Best Restaurant for Lunch near me? Photo by Ella Olsson on Unsplash.
July 14, 2022
ERP system in Financial Management Essay
ERP system uses in various industries in China, such as accounting, financial management, and so on. There are some problems in the ERP application at this stage. The application cost is high, the system types are various, the enterprise selection is difficult, and the lack of universality, versatility, and standardization requires high requirements for the development of the enterprise and the quality of the employees. System data entry and update The accuracy rate is difficult to guarantee, and the construction period is long. Effective solutions to these problems are proposed to promote the smooth progress of ERP financial management.
Here are the articles to answer, the doubts about the ERP system in Financial Management Essay!
In simple terms, an ERP system integrates all resources within an enterprise and uses computers to replace all manual operation processes, thereby improving processing efficiency and enhancing the overall competitiveness of the enterprise. With the continuous development of computer technology, automatic processing of problems has become more and more popular. To cope with changes in the external environment and keep up with social development trends, more and more enterprises choose to apply ERP systems. The ERP system makes enterprise data electronic, information automation, and data sharing, but there are also a series of problems such as financial information leakage, management mode adjustment, low staff quality, and capital outflow.
The application status of ERP systems in financial management
In the process of enterprise development, logical and clear financial management is very important, and the automated ERP financial management module plays an important role in the entire system. There are interfaces between the financial module and other modules, and the whole is highly integrated, which can realize the integration of financial products and logistics. At the same time, the information data generated in the process of procurement, production, and sales can be automatically included in the financial module, and further general ledger and accounting statements can be generated.
In this process, most of the operations are done automatically by the computer. The application of the ERP system in financial management can integrate all resources of the enterprise, allocate resources reasonably and adjust the work of various departments, basically realizing the dynamic, timely, and integrated data, electronic data input and storage, and authority of operation management responsibilities. , risk management systematization, and other functions. Everything has two sides. While the ERP financial system brings convenience to enterprises, there are also some problems, which affect the function of the ERP financial system.
Problems exist in the application of ERP in financial management
The enterprise management mode does not conform to the ERP management mode
Applying ERP is not a simple process of purchasing information tools, but an important decision to re-change the business process of an enterprise. To implement ERP, we must experience great changes in the business model of the enterprise and the working habits of employees. ERP is a management model related to all parties involved. The application of the ERP system requires companies to sort out business processes in advance, then simplify and reorganize, and finally realize automated operations.
The ERP construction cycle is long and the implementation cost is high
The implementation and application of an ERP system is a rather long process. It usually takes 3 to 5 years from the installation of the software to the formal operation, but experts believe that 18 months is the best. This is because equipment and software systems are replaced very quickly, and the depreciation rate of the system is also very fast. Delays will lead to serious asset losses and reduce benefits. Some ERP systems cannot complete the instructions issued by customers in time in the application, thus increasing the workload and causing the operation management of individual enterprises to fall into a chaotic state.
There are many types of ERP systems, and it is difficult for enterprises to select models
At present, various software companies are continuously established. Although the ERP system modules are roughly the same, the project details are quite different, resulting in no unified standard for the entire ERP system. A large number of enterprises have failed in the selection stage before implementing ERP because they do not realize that the ERP system serves the development strategy and goals of the enterprise.
The low professional quality of employees is not conducive to the application of ERP
The computer operation ability of employees is also an important link to test whether the ERP system can be successfully implemented. The implementation and operation and maintenance of the ERP system require the promotion of compound talents with certain computer knowledge, familiarity with the ERP system, and enterprise management. Also, you may like Effect of Corporate Accounting on Internal Control.
ERP system application lacks flexibility
With the change in the external environment, the organization and management of the enterprise will also change. Companies need to adjust organizational processes and resource strategies promptly. This requires that the application process of the ERP system can be flexibly modified. You may like to know, What is Gynecomastia Surgery and Treatment?
Lack of anti-corruption technology in the process of high-tech implementation
Many enterprises have failed to implement ERP systems due to the influence of corruption. Some people take advantage of the pursuit of new technologies by enterprises and entrepreneurs and the urgent need to enhance the competitiveness of enterprises, to promote immature systems or systems that have failed many times to enterprises. This unhealthy atmosphere has resulted in a large loss of enterprise funds and the failure of ERP system applications.
ERP system has hidden dangers to information security
As information technology continues to mature, more and more information is stored in the form of electronic files. With the advancement of data Electronization and data sharing, the problem of information leakage has become more and more prominent. If a series of confidential documents such as the performance, assets, and liabilities of the enterprise applying the ERP system is mastered by competitors, it will increase the competitive pressure.
Lack of research on risk aversion in the implementation of ERP systems
Many people only know the advanced management concepts embodied in the ERP system, but do not understand the huge risks in the implementation of ERP. Due to the lack of awareness of ERP, many entrepreneurs invest blindly, which is an important reason for the high failure rate of ERP applications. In Western Europe, most small and medium-sized enterprises will carry out risk measurement and risk analysis according to the BS7799 standard when applying ERP, and formulate strategic warning lines and warning points to avoid implementation risks, which play an important role in avoiding ERP risks to a certain extent. effect.
Solutions to the problem
Improve the implementation basis of the ERP system
When building an ERP system, an enterprise needs to have a reasonable management model and at the same time provide effective data support for the establishment of the system.
Strengthen the integration of ERP systems with other information systems
The ERP system has achieved the unification of logistics and capital chains. If you want to include more comprehensive business information, it will lead to too large data in the ERP system and greatly increase the cost. Combining other information systems in the ERP system-based framework can reduce the difficulty of system maintenance and upgrades.
Strengthen the understanding of the ERP system
Guide employees to understand and learn the ERP system, and let them realize that the ERP system is not only a financial management tool but also represents an advanced management concept. Enterprise managers need to formulate overall strategic goals and development directions. When an enterprise chooses the type of ERP system, it needs to analyze the characteristics of the product and the needs of the enterprise itself, to choose the ERP system suitable for the operation of the enterprise.
Improve the quality of corporate financial personnel
The computer technicians responsible for operating the ERP system need to master a certain knowledge of financial management, and the financial department needs to timely feedback on the relevant information and management requirements of financial management to the operation and maintenance department of the ERP system. The staff of the financial management department needs to learn certain computer knowledge, communicate with the operators of the ERP system in time, improve the implementation efficiency of the ERP system and play its role in enterprise management.
Suppliers and enterprises work together to create a dynamic system
Suppliers need to create a personalized system suitable for the enterprise according to the enterprise process. It is necessary not only to understand the outstanding sections and functions of the enterprise but also to confirm the enterprise process. After a detailed and comprehensive understanding of the management and production process of the enterprise, a dynamic system is created. Only by giving full play to the advantages of the universality and pertinence of the ERP system, can the ERP system be used better.
Enterprises should screen out powerful suppliers that can promote their development, and have a full understanding of suppliers’ reputation, system quality, and later operation, maintenance, and upgrades. It is also necessary to understand the outstanding sections, powerful functions, follow-up operation and maintenance, and expansion capabilities of the supplier’s system. Do a good job in the overall planning, determine the future development direction of the company, and select a supplier that is not only suitable for the present but also conducive to future development.
Implement an integrated and transparent fully automatic management system
Enhancing the intelligence and automation of the enterprise ERP system can realize the comprehensive and intelligent operation of the company’s financial management, to achieve the purpose of preventing corruption and creating a more complete system integration. The key function of system integration is to share data.
When the integration is established, it is necessary to focus on monitoring enterprise data to prevent information disorder or backward updating, so that the company can allocate procurement and sales more efficiently. Enterprises should fully consider the influence of suppliers and customers, implement “transparent” management, put an end to “rebates”, and win the trust of the public with a good image.
Improve the accuracy of the information and ensure information security
The ERP system needs to provide the input data to multiple organizational departments for use, and the use of an integrated data system can reduce the number of information input. To ensure the authenticity and reliability of the financial data of the enterprise, it is necessary to increase the internal communication of the enterprise, pay attention to the real-time status of the information at any time, and achieve the purpose of eliminating errors.
When suppliers build systems for enterprises, they should pay more attention to the rigor and relevance of logic between functions and modules, to reduce the possibility of system loopholes and make “hackers” no chance. Enterprises should improve the security awareness of relevant personnel, strengthen information security system management, and establish a sound information security management mechanism.
Conduct a careful feasibility study
To avoid risks, companies should conduct a comprehensive risk assessment before deciding to implement ERP. In the early stage of the ERP project, a feasibility analysis should be carried out, and a warning line to avoid risks, defensive measures before the occurrence of risks, and efficient first aid measures after the occurrence of risks should be formulated, to effectively avoid risks.
ERP system in Financial Management Essay; Photo by ThisisEngineering RAEng on Unsplash.
July 11, 2022
1 Effect of Corporate Accounting on Internal Control
First, is the understanding of corporate accounting on internal control. The principles of enterprise internal accounting control According to the relevant provisions of the “Basic Norms of Enterprise Internal Control” issued by relevant departments in my country.
Here are the articles to answer, Exploring the Effect of Corporate Accounting on Internal Control!
The principles that enterprises should follow in establishing and implementing internal accounting control are as follows:
First, the scope of control should be comprehensive. The scope of corporate accounting on internal control should cover corporate decision-making, execution, and supervision, including various businesses related to economic and capital activities.
Second, get to the point. While taking into account the comprehensiveness of the internal accounting control, it should grasp the key problem links, carry out the control in a focused and targeted manner, and avoid the occurrence of the problem of “grabbing the eyebrows and beards”.
Third, mutual restraint and mutual promotion. The establishment of corporate accounting positions should pay attention to the principle of mutual restraint and mutual promotion, clarify the distribution of responsibilities, separate accounts, and better maintain the safety of company assets.
Fourth, is the principle of institutional adaptability. The establishment of an enterprise’s corporate accounting on internal control system should meet the actual needs of the enterprise’s business scale, business scope, and capital operation, and should be adjusted at any time according to changes in the actual situation.
Problems existing in the internal control of corporate accounting
(1) Insufficient attention to enterprise accounting control management
In most enterprises in our country, due to the lack of understanding of modern enterprise management concepts, they do not understand the corporate accounting on internal control management of enterprises and do not pay attention to them. Many enterprises focus their work on production and operation, while internal accounting control management is only a mere formality.
The establishment of internal control systems is incomplete and unrealistic, and the implementation is not firm. Some enterprise managers even mistakenly believe that the establishment of The internal accounting control system will cause contradictions between departments, bring inconvenience to the operation of funds, etc. These wrong views lead to the operation of the internal assets of the enterprise in a state of runaway and highly dangerous.
(2) The internal accounting control system is not perfect
At this stage, some enterprises in our country have established corporate accounting on internal control systems, but careful observation and analysis show that these accounting control systems lack scientificity, feasibility, and systematicness in content. The content of the system is too one-sided, and under the influence of economic interests, the phenomenon of emphasizing operation and neglecting management appears, which makes the direction of internal accounting management unbalanced.
Secondly, the corporate accounting on internal control of the enterprise lacks a long-term mechanism and a preventive control system. It is used to control after the fact. When there is a financial problem within the enterprise and economic losses are caused, internal accounting control will be carried out, and after a few months, the control will be reduced. The problem will happen again.
(3) The quality of the internal accounting control personnel of the enterprise is relatively low
The internal accounting control management work of the enterprise involves various capital operations of the enterprise, so the scope is relatively wide. Therefore, managers are required to have comprehensive qualities. However, most of the internal accounting control personnel of the enterprise are based on basic qualities such as knowledge structure, educational background, and business ability.
The lack of professional ethics education for internal control personnel in enterprise management makes the control personnel have certain problems in professional judgment and self-regulation, and cannot meet the required requirements. Also, you like to read 3 Thinking of Accounting Firms for Small Business.
Methods and measures to strengthen the internal control of enterprises
(1) Increase the emphasis on the internal accounting control of enterprises
In the process of enterprise management, managers should, by relevant national laws and regulations, combine with modern enterprise management systems, attach great importance to the development of internal accounting control, establish the ideological concept of internal accounting control, and formulate practical corporate accounting on internal control based on the actual situation of the enterprise. accounting control system.
In the process of internal control, it is necessary to completely change the traditional wrong concept, take into account the relationship between economic benefits and asset safety, and make real-time adjustments based on the operating conditions of the enterprise based on the principles of standardized management and scientific operation. Strengthen the enterprise capital risk pre-judgment mechanism, avoid the occurrence of post-event control, correctly reduce the capital risk to a minimum, and ensure the safety of enterprise assets to the greatest extent.
(2) Establish a sound internal accounting control system
The key to enterprise internal accounting control is to establish a set of perfect control management systems as the basis. Then the establishment of an enterprise’s internal accounting control system mainly includes the following aspects:
First, is the enterprise’s monetary capital management system. Monetary capital is the most important part of the enterprise’s economic activities. It has the characteristics of wide coverage, large application scope, and high risk. Once there is poor control, it will cause misappropriation and loss of funds. Therefore, the establishment of monetary funds management system plays a very important role in the security of enterprise funds. An enterprise shall formulate a monetary fund management system by the relevant provisions of the Internal Accounting Control Norms – Monetary Funds (Trial) issued by the Ministry of Finance.
Second, the asset management control system is mainly a system for managing various materials such as the existing fixed assets and current assets of the enterprise. In the formulation, focus on strengthening and standardizing financial accounting information, management authority, asset inventory, and asset management.
Third, the internal audit supervision system of the enterprise, the establishment of this system is mainly to strengthen the supervision and management of various financial activities of the enterprise as the goal. Give full play to the responsibilities of the internal control auditors of the enterprise, on the one hand, supervise the implementation of the internal accounting control of the enterprise, on the other hand, create a good internal control environment for the enterprise and make the operation of enterprise funds more secure.
Exploring the Effect of Corporate Accounting on Internal Control; Photo by Sarah Elizabeth on Unsplash.
July 7, 2022