Research On Improvement Of Financial Risk Contro Of Huace Film＆TV CO

Since 2011,China’s regulatory policies on the cultural industry have become increasingly strict,and a number of industrial regulatory policies have been issued,including production cost and content review.From the perspective of the environment of the film and television industry,as producers of cultural products,film and television enterprises have great risks,mainly because of the uncertainty of their profits and the limited profit margin of a single link.Most film and television companies will seek the expansion of the industrial chain,but the integration process will inevitably appear in the risk of broken capital chain,complex business.Therefore,the film and television industry is in urgent need of scientific and standardized financial management activities,huaxi film and television financial risk control research has a certain research value and practical significance.In this paper,It takes Huace Film &TV CO as the case study object and does the following woks: first,through literature review and theoretical basis for research,Starting with the definition and connotation of financial risk,the causes and analysis methods of financial risk,as well as the related research on financial risk control,this paper reviews in detail the relevant research results of financial risk control at home and abroad.Secondly,according to the characteristics of financial risks in the film and television industry,we use relevant financial indicators to calculate and analyze the current financial risks,which mainly include the declining solvency year by year,poor investment income ability,low turnover quality of inventory and accounts receivable,high cash flow pressure and other risks.Thirdly,this paper further analyses the problems existing in controlling financial risks of Huace Movies and Television,and finds that Huace Movies and Television has such problems as unbalanced proportion of capital structure,decoupling of investment cost and account-sharing mode,large inventory amount,low efficiency of accounts receivable management,low control of cash flow level,etc.This is due to the weak awareness of preventing and controlling financial risks of Huace Movies and Television,and the lack of financial control.The imperfection of risk-related internal control system,unclear credit policy and credit management standards,and unclear responsibilities of financial risk control departments are the causes.Based on this,this paper puts forward specific measures for risk control of financing,investment,operation and cash flow of Huace Film and Television,which provides specific financial risk control suggestions for the healthy and sustainable development of Huace,and provides ideas for financial risk control of other companies in the film and television industry.