本文關(guān)鍵詞： 內(nèi)部控制 短期融資券 集團(tuán)財(cái)務(wù)公司　出處：《南京大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

【摘要】：改革開放以來(lái),我國(guó)企業(yè)債務(wù)融資的規(guī)模不斷壯大,金融市場(chǎng)格局發(fā)生了巨大改變。中國(guó)企業(yè)融資長(zhǎng)期依賴以銀行借款形式為主的直接融資渠道,2005年人民銀行再度對(duì)非金融企業(yè)的短期融資券發(fā)行開閘,改變了資金來(lái)源稀缺和單一的局面,短期融資券以其低價(jià)、快捷、高效的形式為企業(yè)灌注了新的養(yǎng)分。同時(shí)人民銀行及相關(guān)管理機(jī)構(gòu)出臺(tái)了相關(guān)的管理辦法、規(guī)程及條例,為短期融資券業(yè)務(wù)的風(fēng)險(xiǎn)防范措施進(jìn)行了嚴(yán)格規(guī)定。在剛過(guò)去的2013年間,因銀行間市場(chǎng)貨幣緊張出現(xiàn)了罕見的“錢荒”,銀行貸款利率也數(shù)次被推向高峰,而在2014年央行依舊釋放了穩(wěn)定偏緊的貨幣政策信號(hào)。在這種情況下,方便、快捷和低價(jià)的短期融資券勢(shì)必成為企業(yè)熱捧的融資工具。與此同時(shí),隨著企業(yè)的發(fā)展壯大,復(fù)雜的財(cái)務(wù)管理和日益增加的資金融通需求成為企業(yè)寇需解決的問題。在符合銀監(jiān)會(huì)印發(fā)《申請(qǐng)?jiān)O(shè)立企業(yè)集團(tuán)財(cái)務(wù)公司操作規(guī)程》中規(guī)范的財(cái)務(wù)公司設(shè)立條件的前提下,為獲得更加專業(yè)的財(cái)務(wù)和金融服務(wù),越來(lái)越多的滿足條件的大型企業(yè)成立了財(cái)務(wù)公司承擔(dān)集團(tuán)相關(guān)職能,以使自身專注于生產(chǎn)經(jīng)營(yíng)和發(fā)展。財(cái)務(wù)公司協(xié)辦集團(tuán)短期融資券的發(fā)行業(yè)務(wù)在國(guó)內(nèi)尚未盛行,筆者看來(lái)卻已是大勢(shì)所趨,更是財(cái)務(wù)公司“天職”所在。本文試以JSC控股集團(tuán)財(cái)務(wù)有限公司為基本架構(gòu),展開了對(duì)財(cái)務(wù)公司協(xié)助集團(tuán)辦理短期融資券業(yè)務(wù)的內(nèi)部控制體系研究,以試圖建立一套適合集團(tuán)財(cái)務(wù)公司協(xié)辦短期融資券發(fā)行業(yè)務(wù)的內(nèi)部控制體系。首先,本文對(duì)中國(guó)和西方的內(nèi)部控制理論進(jìn)行了梳理。國(guó)際上對(duì)內(nèi)部控制研究歷史較為久遠(yuǎn),內(nèi)部控制理論也較為完備,因此文中對(duì)國(guó)際上內(nèi)部控制的幾個(gè)經(jīng)典模式進(jìn)行了歸納,并加以述評(píng),以借鑒來(lái)應(yīng)用與本文中的內(nèi)部控制體系的設(shè)計(jì)。其中包括美國(guó)項(xiàng)目管理協(xié)會(huì)發(fā)布的PMBOK、COSO的《企業(yè)風(fēng)險(xiǎn)管理——總體框架》、《中央企業(yè)全面風(fēng)險(xiǎn)管理指引》以及后來(lái)國(guó)內(nèi)中天恒會(huì)計(jì)師事務(wù)所發(fā)布的“3C”全面風(fēng)險(xiǎn)管理框架。其次,由于美國(guó)的金融市場(chǎng)較為成熟,短期融資券也有了相當(dāng)長(zhǎng)的發(fā)行歷史,相關(guān)管理經(jīng)驗(yàn)較為豐富,本文對(duì)美國(guó)短期融資券業(yè)務(wù)的發(fā)展背景進(jìn)行了簡(jiǎn)單介紹,闡述了相關(guān)的研究成果,并總結(jié)了其成功做法和失敗經(jīng)驗(yàn)；同時(shí)還對(duì)我國(guó)短期融資券業(yè)務(wù)發(fā)展進(jìn)程進(jìn)行了簡(jiǎn)單介紹,總結(jié)了我國(guó)的成功經(jīng)驗(yàn)和失敗教訓(xùn)。接著,本文依據(jù)上述理論基礎(chǔ)以及我國(guó)內(nèi)部控制相關(guān)的規(guī)范及指引文件建立了內(nèi)部控制體系的一般模型,對(duì)一般模型進(jìn)行了子系統(tǒng)解構(gòu),闡述了模型建立的內(nèi)在邏輯和方法論；梳理了短期融資券業(yè)務(wù)的一般流程、編制了業(yè)務(wù)目標(biāo)分解矩陣；并且把模型子系統(tǒng)設(shè)計(jì)的工作方法,即風(fēng)險(xiǎn)識(shí)別、風(fēng)險(xiǎn)分析、風(fēng)險(xiǎn)應(yīng)對(duì)和風(fēng)險(xiǎn)評(píng)估進(jìn)行了闡述。最后,本文對(duì)JSC控股集團(tuán)短期融資券業(yè)務(wù)的特殊性進(jìn)行了闡述,并將調(diào)研獲取的內(nèi)部需求和外部制度要求相結(jié)合,對(duì)集團(tuán)公司向財(cái)務(wù)公司轉(zhuǎn)移短期融資券業(yè)務(wù)進(jìn)行了風(fēng)險(xiǎn)識(shí)別,初步將業(yè)務(wù)風(fēng)險(xiǎn)定性為“合規(guī)風(fēng)險(xiǎn)”、“操作風(fēng)險(xiǎn)”和“市場(chǎng)風(fēng)險(xiǎn)”；并對(duì)各類風(fēng)險(xiǎn)進(jìn)行分析,進(jìn)一步將風(fēng)險(xiǎn)細(xì)分為“程序規(guī)范類風(fēng)險(xiǎn)”、“信息披露風(fēng)險(xiǎn)”、“主體資質(zhì)風(fēng)險(xiǎn)”、“價(jià)格風(fēng)險(xiǎn)”、“信用風(fēng)險(xiǎn)”和“流動(dòng)性風(fēng)險(xiǎn)”；還建立了業(yè)務(wù)體系,制定風(fēng)險(xiǎn)應(yīng)對(duì)措施,編制風(fēng)險(xiǎn)控制矩陣；最后對(duì)內(nèi)部控制系統(tǒng)的實(shí)施效果進(jìn)行了評(píng)價(jià)。本文的貢獻(xiàn)在于,建立了內(nèi)部控制體系的一般模型,對(duì)模型子系統(tǒng)創(chuàng)建了較為嚴(yán)密的內(nèi)部邏輯,并以內(nèi)部控制理論為基礎(chǔ),形成了內(nèi)部控制子系統(tǒng)的設(shè)立方法論,整體構(gòu)成了一套較為嚴(yán)密和應(yīng)用性較強(qiáng)的內(nèi)部控制體系。其次還以集團(tuán)財(cái)務(wù)公司一般組織架構(gòu)為基礎(chǔ),以集團(tuán)公司為主體,依據(jù)財(cái)務(wù)公司擔(dān)負(fù)集團(tuán)投融資、咨詢顧問等職能的使命,將短期融資券業(yè)務(wù)經(jīng)辦轉(zhuǎn)移至財(cái)務(wù)公司。針對(duì)目前我國(guó)財(cái)務(wù)公司協(xié)辦集團(tuán)短期融資券發(fā)行業(yè)務(wù)設(shè)計(jì)了授權(quán)管理方案,對(duì)業(yè)務(wù)風(fēng)險(xiǎn)因素進(jìn)行了識(shí)別和分析,制定了風(fēng)險(xiǎn)應(yīng)對(duì)措施,建立了風(fēng)險(xiǎn)管控矩陣。提出了一套可供集團(tuán)財(cái)務(wù)公司參考的短期融資券業(yè)務(wù)內(nèi)部控制體系。
[Abstract]:Since the reform and opening up, China's corporate debt financing scale unceasingly expands, the financial market structure has changed. China enterprise financing direct financing channels to rely on bank loans form, once again on 2005 the people's Bank of short-term financing bonds issued by non-financial companies floodgates, changed sources of capital scarcity and single situation, short-term financing for its low-cost, fast, and efficient form for enterprises pouring new nutrient. At the same time, the people's Bank and relevant management agencies issued relevant management measures, rules and regulations, for the short-term financing bills business risk prevention measures for the strict rules. In the past 2013 years, due to the inter-bank money market tensions there has been a rare "shortage of money", the bank loan interest rate also has been pushed to the peak, and in 2014 the central bank monetary policy is still to release the signal stability in this tight. Under the conditions of convenient, fast and cheap short-term financing bonds will become the enterprise favorable financing tools. At the same time, with the development of enterprises, financial management and complex financing demand to become the enterprise Curtis problems to be solved. In accordance with the premise of China Banking Regulatory Commission issued < apply to establish the standard of financial company financial company enterprise operation rules > set up conditions, to obtain more professional financial and financial services, more and more enterprises to meet the conditions of the established financial group company to undertake related functions, to make their own focus on production management and development. Financial company group with issuance of short-term financing bonds business has not been popular at home and abroad, the author's opinion it is even more financial companies represent the general trend, "vocation". This paper tries to JSC Holdings Group Finance Company Limited as the basic framework, launched on the public finance 鍙稿崗鍔╅泦鍥㈠姙鐞嗙煭鏈熻瀺璧勫埜涓氬姟鐨勫唴閮ㄦ帶鍒朵綋緋葷爺絀，

本文編號(hào)：1487763