Financial Management Risk Control Group

Following the ceaselessly strengthening of that Chinese market economy acts asan important means of resource allocation, the Chinese enterprises has to be survivedand developed only after completion transforming within the market’s continuousbaptism. As the main body of market economy competition, the enterprises have toparticipate in the market under the rules of survival of the fittest. Would theenterprises want to obtain higher efficiency and ideal effect, they must continue tostandardize and improve the modern corporate governance system. Only whenbuilding enterprise structure aimed to realize the strategic target and thecorresponding process being under perfect legal person administering system, theenterprises could gradually establish enterprise core competitive advantage. The point,which takes the financial management as an important issue in enterprises’ routinemanagement, has been accepted by the enterprises day by day. The financialmanagement has been becoming an important part of enterprise managementactivities. Since the risks the enterprises faced with from different respects will bereflected by the financial data more comprehensive and integrated, financialmanagement has become the core part of enterprise risk control, and meantime hasalso been gradually strengthened in enterprise management status.Based on the case of X Company, this abstract analyses the economiccharacteristics of the industry where X Company lies in, combines with three differentfinancial control stage (Stiff Merging Stage, Subsidiary Emergence Stage and Into theListed), compares the financial data of X Company with that the excellent enterpriseshas in the same industry, analyses the effect and efficiency of that X company’sfinancial management works upon risk control. And therefore, puts forward thatestablishing financial management system is not the Financial Department’s ownbusiness, instead, it should start from the top level design, from the improvement ofcorporate governance structure, it should start from the strategic goals to build up reasonable enterprise structure and to be supported by scientific configuration of thebusiness process during different development stage, so that to achieve the goal thatmaking the financial management of X Company as the best means of risk controlmanagement.