Advanced Materials Research Vol. 629

Abstract: Because the optimization objective for governance system of Private enterprise is not to accurate, this thesis proves that the optimization objective for governance system of Private enterprise is not the maximization of “boss” interests, but also should be the maximization of enterprise and social efficiency, as well as the maximization of social total welfare; For Private enterprise, which kind of governance system is the most optimal, depending on the objective that is to ensure the interests of family controlling shareholders, or to protect the interests of non-controlling shareholders, or to meet the requirements of society and government for the enterprises. Different angles have different optimal standard, the Government will have to play a comprehensive role in guiding and leading. For that, Private enterprise should implement the system of distributing the number of director, setting up the shareholder committee, the source of supervisor socialization, the authority of supervisors' board higher than directors’ board, bringing employee into the governance framework, and implement government audit.

Abstract: Businesses accounts receivable has the function of expanding sales and inventory reduction, but will also increase their opportunity costs, bad debt costs and management costs in the meantime. In order to better resolve the unity of opposites problem, this article presents the phases of accounts receivable control problems, mainly reflected in three aspects: prior management and control, concurrent financial control and feedback control afterwards.

Abstract: Inventory management is an important part of enterprise internal control. This paper analyzes based on the internal control perspective the internal control measures on the inventory during the stage of procurement, inspection and storage, delivery, warehousing and storage.