Financial Warning System Based On Cash Flow Research On The Construction And Valuation Of ZM Coal Company

In recent years,the overall situation of the coal industry remains sluggish,of which emerges whole industry losses in 2015 and a little ease in 2016,while there is still a possibility of falling again.The ZM company was dealt with ST in 2016,at which time the coal industry is carrying out the supply side reform and implementing removing capacity policy.Under the bad financial situation of itself,what it need to do is to establish a financial warning system and put forward police discharging measures in view of its problems.Centering on the financial risks of ZM company and abandoning the complex mathematical model,this thesis solves the financial crisis that ZM company is facing at present by establishing an early-warning system of using the systematic method of cash flow.This thesis is composed by six chapters.The first chapter is the introduction chapter,which mainly tells about the research background,significance,content,methods and innovation points,and also reviews the theoretical basis of the financial early warning system of cash flow and the related development process of the financial early-warning research methods in order to find out the breakthrough point of this paper.The second chapter is to identify the related theories of financial early warning system of cash flow,and explain the advantages o f cash flow financial indicators by comparing with the traditional financial indicators;finally,the theoretical basis and construction process of the financial early-warning system of cash flow is put forward.The third chapter is to make an detailed introduction of the ZM company,of which after introducing the the general and financial situation of ZM company,this paper identifies the financial risks faced by this company from such aspects as financing,investment,operation,environmental protection and security,puts forward the current problems of the financial early warning of ZM company in order to explain the importance of establishing the financial early warning system of cash flow.The fourth chapter introduces the construction of the financial early-warning system for cash flow.First,the construction principles and monitoring key points of the financial early warning system is expounded,and then selects the financial index and non financial index of the early warning system in order to determine the index weight,and also identify the threshold according to the listed companies data in this industry.The fifth chapter makes analysis of the financial situation of ZM company based on the operation results of the early warning system and put forward police discharging measures according to the problems its encounters.The sixth chapter is the conclusion that summarizes the key research contents of this paper are and point out the shortcomings of this research.