Research, Corporate Financial Early Warning System Based On Cash Flows

As China joins WTO, Chinese enterprises will face greater opportunity and challenge. Manage and suppose continuously in the traditional financial theory that becomes flexible gradually, the uncertainty that enterprises face increases day by day. Enterprises result in managing and getting into a difficult position because of the financial crisis, even the example of declaring bankruptcy is of common occurrence. In fact, it is a course worsened progressively that enterprises get into a difficult position, this usually could been found out from the financial affairs. In right time, accurate carrying on early-warning analysis to enterprise's financial affairs is the objective requirement for the market competition system, it is the essential guarantee of enterprise's survival and development too. Financial early-warning system can reach the other shore to play a role in escorting for enterprise's victory. Financial early-warning system belong to micro economy early-warning, no matter at home or in the world, at a kind of front and exploratory research stage. Enterprise's financial early-warning, as the barometer of economical operation and indicator lamp which enterprises managed, carrying on research to it not only has higher academic values, but also there is enormous using value.Foreign theory circle make, study already to financial early-warning system, focus on the method of financial early-warning and early-warning model and index study mainly. The foreign financial early-warning takes real example as the core on the method , but there is actually few research in view of early-warning principle and constructing . The domestic study on financial early-warning, no matter are all a weakness theoretically or on practice. With the exposing of a series of accounting scandal incidents, people have produced more and more doubts to the dependability of...