Research On Financial Risk Control Of ZY Construction Engineering Co.,Ltd.

In recent years,with the increase of uncertainties in the international economic situation,China's social and economic development has entered a new normal,and the impact of Sino-US trade wars,the financial risks faced by domestic enterprises are also diversified.Financial risk is one of the main constraints of enterprise development.In this regard,the assessment and control of financial risk has been paid more and more attention.Under the background of urbanization construction and infrastructure construction,construction has become a pillar industry of the national economy,but with the integration of industry and competition,and the industry itself has a large investment scale,long investment cycle,and stakeholders.Many factors have caused construction companies to face various financial risks.Therefore,it is necessary to carry out relevant research on the assessment and control of the financial risks of construction companies.This paper takes ZY Construction Engineering Company as the research object,evaluates its financial risk,and analyzes the control countermeasures,which has certain representative significance.Firstly,based on the industry and company background,this paper puts forward the necessity of research,and sorts out the research related to financial risk assessment and control at home and abroad,and sorts out the concept,classification and formation mechanism of financial risk.The analytical hierarchical coefficient method and the efficiency coefficient method are used for reference,and the financial risk control theory and internal control theory are studied.Secondly,based on the financial statements of ZY Construction Engineering Company for the past three years,through careful comparison and qualitative analysis,the financial risks of ZY Construction Engineering Company are effectively identified,which are considered to be in terms of financing,operation,investment and growth.There are different degrees of risk,and the current situation of the company's financial risk control is summarized,including the establishment of functional institutions,the formation of a risk early warning mechanism and the establishment of a risk control system.At the same time,the external and internal causes of risk formation are summarized.Thirdly,using the analytic hierarchy process and the efficiency coefficient method to evaluate the financial risk of ZY Construction Engineering Company,and the financial evaluation results of the company in the past three years,it can be seen that the company is in a relatively low risk state in 2015 and 2017,and is in concern in 2016.Risk status.Finally,based on the evaluation results obtained in the previous paper,the proposed financial risk control measures are proposed.At the institutional level,the company is required to strengthen the management of the enterprise financial system,improve the enterprise asset management system,establish a sustainable risk management and control mechanism,and refine the project.The project cost control process control;at the technical level,the company should improve asset liquidity and operational efficiency,reasonably match long-and short-term debt capital structure,strengthen the analysis of the feasibility of investment plans,and strengthen corporate financial risk control.The conclusions of this paper will help ZY Construction Engineering Co.,Ltd.to correctly understand its own financial risks and improve it in a targeted manner.At the same time,this conclusion has certain reference value for other construction enterprises of the same scale.