Venture Of Corporate Financial Management Studies

The development of enterprise lasts a life cycle. This cycle includes several different developing stages. Each stage has its own characteristic of stage. These characteristics lead to different financial management theory and practice. Pioneering enterprises are enterprises that are newly established in the pioneering period. This period is very important to entrepreneur concerning the success or failure of undertaking directly.The undertaking activity of our country is in fast developing period at present. More and more people join in undertaking. Undertaking is a complicated project involving technology, marketing, finance, management, and government etc. It includes many risks too. The financial risk is important among them. At present, the key status of financial management is ignored in our country. The financial management also remains at the stage of basic accounting and management idea is out-dated. It makes business administration in limitation of the production-management model and the function of financial and risk management of enterprise does not work fully. It is more obvious in the pioneering enterprise.Because such reasons in many aspects as entrepreneur's despising and undertaking's characteristic entrepreneur's defects and issues are also very obvious in financial management, for example, unwise investment decision, financing difficulty, the weakly financial controlling, lacking of effective risk management and etc. They make a large number of pioneering enterprises fail because of financial risks. According to the research, the direct cause that a lot of newly established enterprises just go bankrupt within one year is that the financial affairs are managed improperly, for instants, there are too many bad accounts in the account receivable and the shortage problem of the circulating fund happens again and again. To improve undertaking success rate, it has very important meanings to strengthen the studying of the financial management theories and practice of enterprises in pioneering period, put forward the beneficial suggestion to the entrepreneur and help...