The Analysis Of XY Enterprise Operating Funds Management Problem

As important part of enterprise financial management,Working capital management is closely related to the solvency,profitability and risk control ability of the enterprise.The advantages and disadvantages of working capital management determines the survival and development of enterprises.Smith once said,To prevent capital chain rupture,the key is to strengthen the management of working capital,To strengthen the management of working capital,the focus is on the management of short-term assets and short-term liabilities.This is determined by the importance of working capital management to the risk and profit of the enterprise.However,the current financial management theory research,China's scholars have been more concerned about the impact of working capital turnover on enterprise performance,For working capital allocation level,more from the cash,accounts receivable,inventory and so on several aspects of isolated research,Lack of systematic combing,and the depth and breadth of research is far less than foreign.This situation is clearly and working capital management in the financial management of the important position is not consistent.In addition,working capital management in the practice of our country has not caused enough attention,Many enterprises have not put forward specific requirements to the working capital management strategy and allocation ratio,This also causes the low level of capital management in our country.Therefore,in order to achieve a good corporate management performance,how to develop a suitable working capital management strategy,how to maintain a reasonable working capital allocation ratio,has become a growing concern of the theoretical and practical issues.The main goal of working capital management is through the implementation of effective management activities,develop appropriate working capital investment strategies and financing strategy,to achieve an optimal working capital allocation ratio for each part of the working capital.As Lamberson has said,Excellent financial managers have poured a lot of effort into thinking about how to make the most of the enterprise non-optimal flow assets and the level of the current liability allocation to the most ideal configuration level.The ideal allocation level can not only ensure the liquidity and safety of working capital,but also improve the profitability and turnover ability of working capital.This requires that financial managers in the risk return trade-off philosophy,on the working capital every part of ongoing and effective management,from a financial management perspective assisted management decisionsso as to realize the ultimate goal of enterprise value maximization.The author in the collection and analysis of literature based on,we have completed the "problem-solving scheme of framework design,the problems,causes,countermeasures as the main line,has carried on the discussion to our country small and medium-sized enterprise working capital management.The research framework of this paper is based on the review of domestic and foreign research of working capital management,which is divided into four parts to discuss the problems of the working capital management of the small and medium-sized enterprises in our country.The first part introduces the theory of working capital management.First of all,the definition and characteristics of working capital is briefly described,and the working capital is the difference between current assets and current liabilities,and the management of working capital also includes the management of current assets and current liabilities.Secondly,it introduces the principle of working capital management.At last,the paper introduces the target,content and strategy of working capital management,including the strategy of holding and financing strategy.The second part is mainly about the basic situation,organizational structure and management system and business process of the enterprise,And on this basis captures the enterprise in the management of working capital are lack of the concept of capital management,the implementation of the management system is not perfect,working capital structure is irrational,account receivable credit period of variable length,a substantial increase in inventory and other problems and Analysis on cause of these problems.The third part around the case enterprise operating funds management existing problem and its causes,looking for solutions,put forward to strengthen some concrete suggestions about the working capital management,including the implementation of financial budget system,enhancement of enterprise external financing capability and internal control system,strengthen management of accounts receivable and inventory of liquid assets.In order to ensure the implementation of the specific measures,enterprises should also strengthen the concept of financial management,improve the quality of management,and maintain the cooperation between the upstream and downstream enterprises.In this paper,using the method of case study,the combination of theory and practice,the research on combination of our country small and medium-sized enterprise operating funds management problems and the theory of financial management,through induction and deduction,research by scholars at home and abroad on the basis,combined with the practical situation of small and medium-sized enterprises in ourcountry,puts forward specific suggestions and measures,hope can for our country small and medium-sized enterprise operating funds management provide practical suggestions and countermeasures.The research conclusions of this paper: 1?the small and medium-sized enterprises in our country face the problems such as the unreasonable working capital structure,the low efficiency of working capital management and the lag of working capital management theory.2?our country small and medium-sized enterprise operating funds management exist these problems mainly from the inside and outside the company,including the national capital management system is not perfect,working capital management theory research was stagnant,company to changes in the market response is not sensitive,do not advanced electronic information management system.3?to solve our country small and medium-sized enterprise working capital management problem countermeasure is mainly through strengthening enterprise should be current assets in the accounts receivable and inventory management,improve enterprise's external environment and internal control system,strengthen the working capital management system construction.