Research On Financial Risk Control Of The GZ Company

A new condition come up with the economic development of China,the economic growth rates,economic structural adjustments,and the driving forces for economic growth change every day.As the special part of market economy,some state-owned enterprises show different problems during management,there are a lot of irrational phenomenons exist like low economic performance,the unreasonable capital operation and so on.New economic environment is full of opportunities and threats for the companies.In general,China pay lots of attention on the development of various enterprises,especially state-owned enterprises,the reform and innovation of state-owned enterprises have been discussed a lot in recent years.In order to implement the reform and development of the company,we cannot separate the capital with financial risk.Financial risk management is an important part of business management,and it is a brand new topic for China since the reform of economic growth.Collect information like characteristics and business situation of the company,update financial information in a timely manner,supervise enterprises to establish awareness of risk prevention,regulate the financial system,improve the management level of enterprise managers,etc.are all meaningful for the long-term development of enterprisesThis article use the GZ Company as an example,take financial data,calculate the financial indicators,compare the data of the GZ Company in recent years,analyze the current status and causes of financial risks,and then compare the operating status of the other state-owned enterprise such as the S Company,analyze how the S Company deal with its potential financial risks,and then use the comprehensive efficiency coefficient,take the average value of 133 listed companies to obtain the standard value of financial risk evaluation indicators and weights,calculate the financial risk early warning interval under the GZ Company comprehensive efficiency coefficient method,establish a model which is suitable to warning the GZ Company,then compare the analysis with the financial indicators,verify the consistency.Finally,according to the current status of the GZ Company and the results of the data analysis,offer a proposal which can be used for the GZ Company to control the financial risks.The main contribution of the article:firstly,integrate the research results of scholars at home and abroad,and summarize the research results of scholars in recent years on the establishment of risk models in chronological order,the methods to control the risks.Secondly,construct financial risk evaluation indicators in three levels,which are the decision layer for evaluate the financial risks,the middle layer for analyze the ability of paying debts,gaining and develop,the index layer.And finally,design a financial supervision mechanism suitable for the GZ Company:at first,design the a principle for the supervise system that adapts to the market economy and market rules,then establish the basic framework of the financial supervise system,finally determine the managerial approach for budget and important decision.