Application And Research For Financial Risk Management Of N Technology College

With the deepening of reform and opening up, China has gradually established a socialist market economy. Meanwhile, with the rapid development of higher education, the reform of higher education has been a huge success. As a result, all colleges and universities have made leaps. While enrollment continues to expand, elite education has gradually moved to mass education. The implication of the abundant enrollment policy has improved the national quality as well as stimulated fundamental investment completely. Obviously, our national spending, infrastructure investment and the output of the society have been increased therefore, the government and other social aspects have placed importance on the development of universities and the university’s financial risk management. They also demand a higher standard. However, due to the late start of college financial risk management, difficult in executing the budget, flawed internal system and the lack of an authoritative evaluation system, therefore, the course of our colleges and universities in the development of financial risk management and countermeasure are particularly important. As an important part of the university, vocational colleges must take financial risk management under the status of a sick financial risk management and a weak internal environmentThis article describes gradually the financial risk management theory, COSO risk management theory, the causes and characters of the university’s financial risk and problems of financial risk management It’s main objective is to use COSO risk management theory (ERM) to study financial risk management of vocational school correctly with the sample of N colleague as well as have a further understanding about the circumstances of financial risk management. With this study, we can solve the problems of flawed internal management, unclear objective, inadequate procedure and untimely transportation. Meanwhile, it also can make suggestion on how to improve the organization structure and how to establish a sound economic system.It also discribes about the financial risk assessment management and ability of meet the liabilities as well as capital corporation. How to make full use of information platform,how to improve the internal audit circumstance and how to minimize the risk possibility to ensure an efficient, stable and healthy development are also mentioned in this study.The first chapter describes the development of Higher Education as well as to establishes and enhances the awareness of the importance of the university’s financial risk management. Meanwhile.It also points the background and significances of the financial risk management as well as its ideas.The second chapter describe a brief introduction of the relevant learning in domestic and foreign institutions. The third chapter describes the concept and characters of financial risk and a further information on the causes and characters of university’s financial risk.It also introduces the theory of the COSO risk management (ERM). The fourth chapter describes the status of the university’s financial risk management. With the situation of N College, it described the problems of the financial risk management. The fifth chapter describes the characters of its problems and measures of how to deal with financial management. The sixth chapter summarizes this study and points out the limitation of it.The contribution of this article is a sample of N College, which points out the problem of financial risk management with the help of ERM theory. It also finds out a reasonable financial management. This article makes suggestions on how to minimize the financial risk and how to manage financial risk of vocational colleges from the establishment of a sound economic responsibility system, the competition of organization structure, a clear objective, the improvement of the financial risk assessment system, the improvement of the ability to meet the liabilities as well as capital corporation, countermeasures of financial, the competition of the financial work processes and the strengthen of internal audit ability. There is an inadequate of material obtaining and flaws on the study of financial risk management of vocational colleges. So, there are many areas which are worthy of further study.