标题：An Effective Digital System for Intelligent Financial Environments
作者：Zhang, Wenyuan; Chen, Ruey-Shun; Chen, Yeh-Cheng; Lu, S-Y; Xiong, Naixue; Chen, Chien-Ming
作者机构：[Zhang, Wenyuan; Xiong, Naixue] Tianjin Univ, Coll Intelligence & Comp, Tianjin 300072, Peoples R China.; [Chen, Ruey-Shun] Dongguan Polytech, Dept 更多
通讯作者：Xiong, NX;Chen, RS
通讯作者地址：[Xiong, NX]Tianjin Univ, Coll Intelligence & Comp, Tianjin 300072, Peoples R China;[Chen, RS]Dongguan Polytech, Dept Comp Engn, Dongguan 523808, Peopl 更多
关键词：Internal control; enhancement; credit management; revenue recognition;; bad debts allowance
摘要：A good set of the financial system could take care of all accounting entries and their impacts on the whole intelligent financial environment. The total flow of money and total expenditures will be reflected here. The intelligent financial system can improve the utilization of data, increase the work efficiency of financial personnel, and increase the security of financial processing services. This system could help the managers make their important financial decisions, financial budgeting, and so on. They can know about the financial conditions at any time. Based on the collection and processing of financial data, we design and analyze the related financial system to carry out the intelligent property of the financial environments. The system extends the quality of financial reporting, SOX compliance, and internal controls in a financial system, including credit management, revenue recognition, bad debts allowance. Once there is an early warning in the financial system, our proposed enhanced system could give a fast early response, and bridge a positive linkage about the planning department, finance department, and top managers, which could avoid potential exposure to bad debts. This system guarantees that the credible customers are selected, and avoid the potential risk of bad debts are incurred by a loose credit limit. It strengthens the preventive control over aging receivables management and detects the potential risk of bad debts in the earlier system alert.