Study On Financial Early Warning System Of Listed Company

The fiercely competitive market economy provides a wide business stage for enterprises on one hand. On the other hand, it also has countless hidden torrents and shoals. If the financial management problems can be identified as early as possible, then the signal would be given early to predict the fate of the enterprise. It is very important to take effective measures to prevent the financial crisis in its beginning, to improve the management and prevent failure. So the study of financial pre-warning system not only counts on theory, but also gives valuable guidance to the financial management practice.The listed companies of developed countries have already researched the pre-warning system early and the result of its modal is rather advanced. The related research in our country started in 1980s. However, most of the current research focus on the finding of best financial index modal to prevent financial crisis, whereas the early-work of financial pre-warning, including financial information collecting and transmitting mechanism, back part work and risk-dealing mechanism are sill in a lag-behind condition.The thesis tries to make break-through to this field. The financial pre-warning system of this thesis includes: financial pre-warning organization system, financial information collecting and transmitting mechanism, financial pre-warning analysis mechanism and financial risk dealing mechanism. It is a system, which regulates and controls the potential risk in whole process of enterprise's operation. Based on the related material of financial report form, it is to find the existing risk and give warning to enterprises through methods of modal analysis and ratio analysis.During the research process the thesis combines the empirical analysis and standardization analysis. The theory knowledge of financial management, accounting, economics and systematic science are used to grebe into the construction of financial pre-warning system of market companies. The thesis maining consists of three parts. The first part is the concept of pre-warning system and the introduction of quality, function and forms of the system. It also provides the organizational structure chart and working process, and draws experience from similar modals. The paper selects 60 market companies of Shanghai and Shenzheng stock market as samples to set up the system modal using the methods of step by step discerning analysis, and to test the effect. On this basis combining the current financial index, the writer also puts forwards the index system of monitoring and discerning of financial risk. There are some stragies of preventing financial risk. The third part uses the example of "YinGuangXia" to systematically research the established financial pre-warning system.