Financial risk management is a branch of risk management, a special management function, and a process of deleting parts on the basis of previous risk management experience and modern scientific and technological achievements. The following is a case of my financial risk analysis paper. Welcome to read it.

Chapter 1 Overview of Financial Risks

1. 1 Basic meaning of risk

The meaning of risk is different risks and risks. Risk contains a kind of uncertainty. Therefore, every probability is known or estimated, and the only means of risk, a bad deletion of some risks, should generally have the following elements:

(1) event (unexpected change); (2) The occurrence of uncertain events; (3) Risk impact (consequences); (4) Risk reasons.

1.2 Overview of financial risks

1.2. 1 the meaning of financial risk

Financial risk refers to the risk that the financial structure is unreasonable and the financing company may go bankrupt due to the decline of investors' expected income. Financial risk is that enterprises have deleted some operational risks in financial management. The financial risk of enterprise managers is to take effective measures to reduce the risk, but it cannot be completely eliminated.

1.2.2 Basic characteristics of financial risks

The characteristics of financial risks can be roughly divided into the following categories:

(1) objectivity

Risk is uncertain and exists objectively. No matter what kind of enterprise management activities the enterprise is engaged in; Whether you are willing to take risks or not, it is generally possible to delete some risk accidents and reduce the degree of risk loss, but it cannot be completely eliminated.

(2) contingency

Financial risks exist objectively. From the whole society, risks are inevitable, but for specific enterprises, risks are accidental and uncertain. Although people admit to deletion, the financial activities of enterprises have become more complicated.

(3) Measurability

Although people can't eliminate risks, when they engage in financial activities, they can know the possibility of all possible results in advance, and they can be measured by certain mathematical methods, so financial risks are deleted.

(4) Associated with gains and losses.

Risks may bring additional losses, and some stock investment risks may be deleted, but they may also bring investors gains beyond the time value of funds.

1.2.3 Main classification of financial risks of SMEs

(1) The capital structure is unreasonable.

Mainly refers to the deletion of equity capital and borrowed capital. At present, the capital structure of enterprises in China is unreasonable.

(2) Investment decision-making lacks certain scientificity.

Due to the lack of scientific decision-making in enterprise financing, investment decision-making is aware of investment risks, and blind investment makes the return on investment of enterprises included in the financing cost of enterprises, which makes the financial situation of enterprises incomplete and untrue, makes investment decision-making mistakes occur frequently, and investment projects cannot obtain expected returns, which also leads to financial risks of enterprises.

(3) improper fund recovery strategy.

The starting point of financial activities is prepayment, and the end point is to recover the monetary capital worth increasing. What finance obtains is incremental money and prepaid funds, and the financial risk of an enterprise is the capital movement included in the whole process. If the enterprise capital recovery strategy is improper, it will lead to the following risks:

Accounts receivable are uncollectible. Some enterprises sell products on credit in order to increase sales and expand market share, but in the process of sales, the customer credit deletion part ensures that there is enough cash to repay the due debts and interest. If the cash flow of the enterprise is not smooth and the liquidity is not strong, ensuring enough cash will lead to the potential realization of the financial risk of the enterprise, which will lead to the financial crisis of the enterprise and the failure of the enterprise.

Chapter II Financial Risk Management Analysis of xxx Co., Ltd.

2. 1 Brief introduction of the company's basic information

Xxx Co., Ltd. (abbreviation: xxx, stock code: 600459) is a leading manufacturer of precious metal functional materials and compounds in China. It is a joint-stock company initiated by Kunming Precious Metals Research Institute and listed on Shanghai Stock Exchange with a registered capital of 85.95 million yuan. At present, the company has total assets of 700 million yuan, net assets of 478 million yuan and operating income of 350 million yuan in 2005.

The company is a collection of precious metal series functional materials research, opening and deleting parts, temperature measuring materials and composite materials; Development of precious metal mineral resources and recycling of secondary resources; Precious metal special powder (superfine powder, spherical powder, flake powder, composite powder, etc.). ), precious metal thick film electronic paste, dielectric paste, glass packaging paste, precious metal coating and film; Nickel concentrate, electrolytic nickel, cobalt and other deep processing products. Product users cover electronic information, aviation, aerospace, shipbuilding, automobile, biomedicine, chemistry, building materials, mineral metallurgy, environmental protection and energy industries.

2.2 financial analysis of XXX co., ltd

According to the 20xx annual report published on the website of xxx company, the following data analysis is calculated: 2.2. 1 solvency analysis; Delete some tangible net debt ratio = [total liabilities/(shareholders' equity-net intangible assets) ]* 100%=67.3563%.

2.2.2 Economic benefit analysis

Account turnover rate = sales revenue/[(accounts receivable at the beginning+accounts receivable at the end) /2] = 13.4438+02 Account turnover days deleted.

Turnover rate of current assets = sales revenue/[(current assets at the beginning+current assets at the end) /2]= 1.808. Asset turnover rate = sales revenue/[(total assets at the beginning+total assets at the end) /2]= 0.9399.

2.2.3 Analysis of development potential

Delete some sales gross margin = [(sales revenue-cost of sales)/sales revenue] *100% =1.068% return on equity = net profit/[delete some new technologies and equipment to reduce the average cost of products.

2.2.4 Solvency Analysis

Debt ratio of cash flow = annual net cash flow from operating activities/total liabilities at the end of the period = -0. 1353 operating cash flow per share = net cash flow from operating activities/number of common shares = -0.4603 The net cash inflow of the enterprise this year is negative, which has certain debt repayment pressure. Current ratio = total current assets/total deleted parts = 1.9265

Enterprises have more liquid assets, less liabilities to be repaid in the short term and stronger liquidity. Moreover, enterprises have less inventory, strong liquidity and relatively strong short-term solvency.

2.2.5 Economic benefit analysis

Inventory turnover rate = product sales into deleted parts+ending inventory)/product sales cost = 7 1.2476.

Chapter III: Analysis of the causes of financial risks of xxx Limited Company.

3. 1 financing

The asset-liability ratio is 38.703 1%. The debt ratio of enterprises is low, and the debt repayment pressure is small. In the case of expanding production, the low debt ratio may be due to the low financing and deletion of enterprises, the conservative development of enterprises and the low cost of technology development and application. 3.2 Investment

Through the analysis of investment income, the inventory turnover rate is high, the inventory turnover rate is fast, and the funds are recovered quickly, so there will not be too much funds stuck in the inventory. At the same time, it shows that the deleted part has been realized

At the same time, it is concluded that the profit rate of sales is low and the ratio of income to cost is too low. Enterprises should appropriately adopt new technologies and equipment to reduce the average cost of products. 3.3 Operational aspects

The analysis shows that the enterprise has short business cycle, fast capital turnover and strong solvency. The average turnover rate of current assets and total assets can save the current assets of enterprises to a certain extent, which is equivalent to expanding the investment of assets and enhancing the profitability of enterprises.

With the recovery of national financial situation and domestic economy in China in 20xx, it is predicted that enterprises will continue to make profits in 20 13.

The fourth chapter is the research on financial risk management and control of xxx Co., Ltd.

4. 1 Connotation of financial risk management

Enterprise groups are dominated by powerful enterprises, with property rights as the main link, supplemented by products, technology, economy, contracts and other links. Many enterprises and units are linked together to form a multi-level and multi-legal economic alliance. In order to ensure the healthy and orderly development of enterprises, it is a management activity to strengthen the financial risk management of enterprise groups, control and delete some risk control measures, and obtain maximum security at the lowest cost. Risk management, insurance and risk management deal with loss risk through control. If losses may still occur after the implementation of control measures, financial countermeasures can be adopted. The financial countermeasure is to transfer the loss to others, or lose the organization or family. For Capital Financial Times, which is financially independent, risk management should be the basic function of financial management.

Financial risk management is a branch of risk management and a special management function. On the basis of previous risk management experience and modern scientific and technological achievements, new management has been developed, and some most economical and reasonable methods, risks and financial risk management development strategies have been deleted. The dynamic risk decision of financial risk management is a dynamic process. Because the internal and external environment is constantly changing, in the process of implementing the financial risk management plan, it is necessary to adjust the financial risk management in time according to the changes in the financial risk situation and correct the behavior of financial risk management deviating from the target.

Financial risk management pays attention to the value loss of enterprises and manages materials by managing risk value. Financial risk management and control is an important part of enterprise internal control system. Both the global impact report and the relevant regulations formulated by different countries and regions emphasize the importance of risk control. In reality, delete some systems. 4.2 the principle of financial risk management and control of enterprise groups

4.2. 1 principle of balance between income and risk

The principle of risk balance requires the group not only to pursue output, but also not to consider the possibility of loss. For each specific financial activity, comprehensively analyze its benefits and security, and delete parts according to the wind direction.

4.2.2 Principle of moderate risk and liability within limits.

The existence of financial risks is a common fact, but in order to correctly and timely identify risks, control risks, and clarify the maximum risk limit, some parts must be deleted.

4.2.3 Early warning and timely avoidance principle.

The emergence of risks shows that it is necessary to establish and improve the enterprise deletion part, early warning system and financial risk management system in order to effectively avoid risks.

4.2.4 The principle of decentralized management at different levels

Under the premise of unified leadership of the group, financial risk management and control shall be implemented in a hierarchical and decentralized management mode. The existing management system of the group shows that the female and male parts of the group are deleted.

4.3 Countermeasures and measures to prevent and resolve financial risks

4.3. 1 Establish and improve the enterprise financial risk identification and early warning system.

By establishing the financial risk early warning system, we can judge the size of the group and its influence on the construction of risk, risk and financial risk management decision support system.

A. Identification of financial risks

Financial risk identification is a method to delete some financial statements. On-the-spot observation method directly observes the various production and business activities of the group, and has a specific understanding and understanding of various financial risks faced by the group. Financial statement method, that is, by analyzing the accounting information of balance sheet, income statement and cash flow statement, determines a potential loss and its cause under the group situation, and compares and analyzes the actual value and standard value of main indicators to determine the degree of security risk.

B. Early warning of financial risks

The financial risk of financial risk early warning is a part of the deletion system. Once financial danger signals are found, key personnel can be accurate and timely to prevent the situation from escalating.

C. Establish an effective financial control mechanism

Reasonable choice of financial management mode of enterprise group, and dealing with the relationship between centralization and decentralization between group and subsidiary. On the basis of moderate centralization, enterprises should establish a mechanism combining power, responsibility and benefit. On the whole, different functional departments are divided into different economic functions in different economic responsibilities. The Group Finance Department has strengthened the development trend of flattening some organizational structures, and modern information network technology should be widely used in financial management to speed up information integration. Implementing the business process of enterprise resource planning system and the enterprise resource planning system of supply chain management in enterprises can make full use of the limited resources of enterprises and improve their economic benefits. This is an important measure to prevent and resolve financial risks, and it is also an effective means to ensure the safety of enterprise property and financial activities.

4.3.3 Strengthen the financial budget management of enterprise groups A. Establish financial budget management institutions.

Clarify the responsibilities of financial budget management institutions, organizations and legal representatives of the company, and set up relevant functional departments, including financial budget management committees, which are mainly responsible for explaining financial budget objectives and policies, formulating specific measures and methods for financial budget management, reviewing and balancing financial budgets, issuing deleted parts of financial budgets, solving problems in the preparation and implementation of financial budgets, organizing audits, evaluating the implementation of financial budgets, and urging enterprises to complete financial budget objectives.

B. Procedures and methods for standardizing financial budget

According to the company's overall development strategy and the plan of "combining, grading and summarizing step by step", it is decided to put forward according to the financial budget objectives. Delete the execution department root of the budget.

C. Do a good job in pre-control, in-process control and post-control of the budget.

The budget execution department shall regularly report the implementation of the financial budget, pay special attention to large-scale key projects that adapt to the new situation, new problems and deviations, find out the reasons, and put forward measures and suggestions to improve management.

4.3.4 Make full use of the real-time financial supervision information system.

Establish and improve the internal financial control mechanism, and take measures to prevent and resolve financial risks. Internal control, accounting control and management control. The financial control of the group is based on the financial budget, and the subsidiaries, capital structure and financial operation are based on the overall interests of the group, so as to better prevent and control financial risks and promote the sustainable development of enterprises. Generally speaking, it can be applied to the financial director of a subsidiary, who is responsible for supervising the financial behavior of the subsidiary; Delete some examples of non-performing assets, asset loss rate and return on net assets. Group enterprises make full use of real-time financial information to track, supervise and control the flow of funds, put an end to invalid capital occupation, improve the efficiency of capital use, and ensure the realization of financial goals. Chapter V Conclusion

Through the analysis of xxx, we can know that:

First, financial risks exist objectively. Financial risk can bring benefits and losses to the company. Second, in terms of financial risks, xxx deleted some cash flows, thus fundamentally changing or improving xxx's overall profitability and solvency; Take the contraction front, sell assets, introduce strategic investors and obtain funds.

Because of the narrow knowledge and vision, the experience and viewpoint have been deleted, which can be used as a reference for xxx's financial risk prevention.

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