The Research Of Comprehensive Analysis In Enterprise Financeby Applying "Z-Score" Model

Marching into the 21th century, economic globalization is becoming a kind of trend. After joining the WTO, enterprises wi 11 face the economic globalization wave tide hurtles to arouse and the market compete turning worse, the existence and development of the enterprise group have to face the unprecedented challenge and huge competition pressures. The enterprise sink into predicament because of the finance crisis, even bankrupt is also a common phenomenon. How to make use of the finance information which enterprise published reasonable and effective is an important content that can lead the business enterprise keeps on management and develops. Making predicts scientific and accurately on ? future's finance failure needs to strengthen. The establishment of financial risk monitoring and crisis warning system within enterprises could keep the financial crisis away from enterprises or stop the financial crisis from developing. " Z- Score" model that the Edward I Altinan of the United States put forward carried on the comprehensive analysis of finance to provide the important means for the enterprise. "Z-Score" model, which is a plural liner function set by applying of changeable thought, it use various finance index signs to work out total discretion cent (Z value) to make the comprehensive analysis, predict the business enterprise of finance crisis. This model pays an important role in finance analysis especially in finance crisis monitoring and warning. This paper base on systemic elaborates the Edward I Altman's "Z- Score" model, choose sample total 80 business enterprises A inShanghai and Shenzhen stock market, then carry on the substantial evidence analysis to the listed company. And then introduce " Z- Score" model systemic in financial risk monitor and the application of crisis warning. Finally, the papei synopsis of analysis, studied the finance failure of reason, provide some effective measure that can prevent enterprises from failure aid can adopt after failure. The research results show us that " Z- Score " model is effective in analysis the whole of the risk to a certain profession or certain enterprises. With the accountancy's standard internationalized and accountancy's information more realistic, it will be widely used in our country.