Research On Cash Flow Management In SX Petrochemical Company

Cash is the blood of the company.No matter whether the company's daily operations or investment expansion are inseparable from the support of cash,cash is the key to the survival of a company.The cash flow is the core of the company's financial management.The management of budget,control,and risk prevention for cash inflows and outflows can be done in a timely manner to ensure the timely provision of funds and to ensure adequate funding.Therefore,cash flow management is of vital importance to each company.It should not be overlooked.Enterprises should prevent unilateral attention to profit and ignore the management of cash flow,resulting in lack of funds and even the risk of bankruptcy.Therefore,in daily management,companies must pay attention to the management of cash flow and guarantee the quality of cash flow,which enables the company's daily operations and company scale to be healthy.Based on the concept,theoretical basis,objectives and methods of cash flow management,this thesis takes SX Petrochemical Company as a research case and studies its cash flow management.Firstly,it describes the general situation of SX Company,and introduces the current cash flow management status of SX Company from the two aspects of cash flow status and current cash flow management.Then,on the basis of actual conditions,it analyzes the six problems of cash flow management in SX Company,including the lack of adequate cash flow management,the unclear cash flow management objectives,the weakness exogenous cash flow management,the lack of a reasonable cash flow budget system,the lag in cash flow management concepts,the lack of control system and the absence of a cash flow risk prevention and control mechanism.Subsequently,cash flow management measures were specifically targeted:strengthen cash flow management awarenes,clear cash flow management objectives,strengthening cash flow management in strategic thinking,sound cash flow budgeting,and establishing a sound cash flow warning mechanism.Finaly conclusions and outlook are expressed.Through the study of this thesis,we will help SX petrochemical companies to better manage cash flow,continuously improve their own cash flow management system,promote the realization of their corporate value objectives,and provide theoretical basis for research related to cash flow management.Enterprises provide certain reference and reference.