Title: Review of the Internal Financial Control System in Garment Trading Company’
Background:
ABC Garment Trading Limited was established in Hong Kong sine 2000, hold 30 workers in Hong Kong. They have grown to become regarded as a major manufacturer of quality apparel to the Chinese garment manufactures export to Europe. They have three main customers in Germany for classical ladies wear.
ABC Garment trading limited would like to development expend the business and maintain stable and high quality apparel products to obtain more customers and made more profitable. Other the hand they want to create a system and procedures guide to control the operation cost and review the payment term / policy with customer and supplier factory to match up the mission statement for expend the business.
Review the internal finances systems and procedures for the garment trading company an examination of the problems associated with trading with Chinese garment manufactures and the proposal of possible ways in which a very competitive environment can be made more profitable.
Research Objectives:
Cash Flow – How the change the payment term / policy of customers and supplier factory to increasing the cash flow and bring down bad bat.
Financial budgeting – How to create the financial budgeting report for control the monthly expenses and bank balance to change the present problem of bank balance instable.
Operation Cost guide – How to create the operation expenses guide to control the operation cost for real transaction.
Methodology
- Interview the sales term to review the policy for how the manage, change and adjust the policy credit limit/times and payment tram
– Interview the customer and supplier factory to review the policy, credit limit and payment term.
– Interview with financial manger how to create the weekly financial budgeting report for control the monthly expenses and bank balance to change the present problem of bank balance instable. Which operating cost is abnormal how can control.
– Interview with Quality checker – how can decreasing the quality checking in China procedure times and the overseas travelling cost.
-Meeting with Bolton classmate to discuss the problem and get more detail or data for the project contents.
-continues with my literature review to obtaining for idea and sample to settle the problem on garment trading company in internal finance control system.
Project Plan
- Interview the sale term, Quality checker, financial manger will be held on Nov06.
-Interview some peoples work in garment trading company will be on Nov 06.
– Interview customer and supplier factory Nov 06
– Review all interview information and results of the review Internal Finance Control System Dec 2006
- Keep continues with my literature review
-Meeting with Bolton classmate on Dec 06
-continues with my literature review to obtaining for idea and sample to settle the problem on garment trading company in internal finance control system.
Credit:ivythesis.typepad.com
0 comments:
Post a Comment