X Enterprise Financial Risk Management Improvement Research

With the globalization of economic globalization,companies face various risks in market competition.How to identify,evaluate,monitor and control risks has become a hot issue of common concern.In some developed countries,the concepts,technologies,methods and means of risk management have been applied to enterprise strategy formulation,investment and financing decision-making,internal audit system construction and financial reporting management,including corporate governance structure and all business processes and operations,forming a systematic,institutionalized,standardized,comprehensive risk management system.In China,risk management is a relatively weak aspect in corporate governance.Weak risk management and weak financial risk awareness incurred major risk events in enterprises.This article learns from the best practices on enterprise financial risk management in developed countries,the common practices of foreign advanced large companies in financial risk management,and the provisions on the construction of domestic internal control mechanism.For enterprises to establish and improve the long-term mechanism of financial risk management,promote the steady development of enterprises,prevent asset loss and protect the interests of investors,Both have certain significance.Taking Enterprise X as a case study,based on COSO-ERM overall framework theory and financial risk management theory,and learn from the conditions of complete risk management of central businesses issued by the State-owned Assets Supervision and Administration Commission of the State Council,this paper analyzes the financial risk management problems of Enterprise X and their causes from five aspects.Then it makes suggestions and designs on internal control optimization from the management level and business process.The optimization suggestions for the management are designed from the five elements of internal control;In the business level design,important economic business processes are carefully decomposed,important risk points are introduced,and more reasonable processes that could control financial risks are put.At last,some safeguard measures are given out.In order to provide reference for the construction of enterprise financial risk management system,improve the ability of enterprise sustainable development,and make a modest contribution to the management of enterprises.It is also hoped that this research can provide reference for the financial risk management of the same level or other enterprises,and further promote the construction of financial risk management.