Research On Financial Risk Warning Of A Company Based On Z-score Model

Economic globalization,like a strong trend,is sweeping across all countries in the world and has a profound impact on the development of economic entities in all countries.China’s economic marketization degree is constantly improving,and enterprises should not only cope with the challenge of domestic competitors,but also face the fierce impact of multinational enterprises.Manufacturing industry plays an important role in the national economy,is an important pillar of the national economy and a leading sector of promoting the economic growth of China.The development of the manufacturing industry has a direct impact on the development of all sectors of the national economy,as well as the people’s livelihood and the strengthening of national defense forces.In recent years,the domestic and foreign competition environment of the manufacturing industry is increasingly severe,and the transformation of economic structure makes the manufacturing industry facing great uncertainty.Because the manufacturing industry is easy to face huge financial risks in the fierce competition environment,it is particularly important to strengthen the research on the financial risk warning of the manufacturing industry.Good financial condition indicates that the enterprise will have better development potential and larger profit space.On the contrary,immature financial risk control mechanism makes the financial condition of the company deteriorate easily,thus causing the enterprise to fall into the predicament of bankruptcy and reorganization.Therefore,how to according to the business and financial goals,using timely and objective analysis of the financial data to predict the risk situation of the enterprises are facing,hidden problems found enterprise financial operation system,the real-time alert,urge enterprises to do preventive measures,establish the immune mechanism,continuously improve the ability of enterprises to resist financial risks,make the enterprise financial management activities in a safe,reliable,controllable operation state is always appears very important.Paper first illustrates the research background and significance of this topic,research status at home and abroad,research ideas and methods,research contents and research innovation point,refer to the related literature combined with related theoretical basis,the theory of financial risk and financial risk early warning theory overview and species were analyzed,and absorbing the existing research results.Onthe basis of detailed investigation vanke group,vanke group for financial analysis and the potential financial risk analysis,vanke group,according to a 2013-2017 financial data,using Z-score model calculates the different years of a company’s financial risk,according to the actual circumstance of vanke group financial risk analysis of series of financial risk prevention measures are proposed such as:optimize the financing structure,optimize the allocation of resources,careful to choose investment projects,financial optimization way of optimizing the allocation of profits and etc.In order to provide theoretical and data support for the company to formulate financial risk control policies.