Study On Fund Risk Management Of Petroleum Enterprises

Petroleum enterprise is one of the most important parts of the energy cornerstone industry in China, which has the essential features of high inputs and high risk. Under the economical environment nowadays, market competition is getting fiercer and fiercer, and the amount of risk factors becomes larger and larger, therefore, it is valuable to study on the problem of fund risk management of petroleum enterprises in order to improve comprehensive competitiveness of petroleum enterprises and ensure healthy development of national economy. The essay mainly includes six parts as follows:1. It specifies the background and goal of the study, and reasonably defines the fundamental contents.2. It summarizes the fundamental courses of the development of risk management, and analyses the current situation of theory study on risk management in China; It also analyses different theories on risk, and points out the fundamental characteristics of risk. Furthermore, it systematically analyzes basic techniques and methods of risk analysis and specifies main problems of techniques of risk analysis.3. It discusses the basic contents of"the overall frame of internal control", and analyzes the drawbacks of it. It systematically studies on the connotation, target and components of the concept of ERM, and further analyzes the three-dimensional structure among the target, components and main units, and then it summarizes the basic steps of the putting ERM into effect, and the contents and techniques of them. It subjectively summarizes the major breakthrough and limitation of ERM in the end.4. It discusses the formation of multi-level accounting pattern of fund management based on broad decentralization in Chinese petroleum enterprise, and analyzes main problems of this pattern. And through the discussion on the value circulation process of production and operation activities, it proposes a management idea of enterprise fund stream which is called as"cash is a king", and also concludes the basic contents of the fund management activities. 5. It summarizes five basic patterns of traditional fund management, and specifies fundamental features and use range of them; it also proposes the concept of fund centralized management pattern, and closed operation mechanism of money; furthermore, it composes entire control mechanism of separately managing the receipts and expenditures, and finally suggests the internal control system which is suitable for the fund risk management of petroleum enterprises in China.6. Considering on the specific characteristics of the production and operation activities of petroleum enterprises, it proposes an entire analytical system of risk factors, and specifies the basic features of risk factors which influences fund operation of petroleum enterprises. It also studies on the surplus risk value of the risk factors, and arrives at an objective conclusion. Furthermore, by synthetically using modern management theory and methods, it systematically analyzes the main risk factors which influence fund operation of petroleum enterprises, and proposes corresponding methods and measures.