Research On Financial Risk Management And Control Model Of DZ Group Co.,Ltd.

Chinese enterprises develop gradually towards grouping management with economic globalization and market integration. Enterprise groups become more and more important in the national economy. Financial risk is increased with the expansion of operation scope and scale of enterprise groups. At present, the development of enterprise groups in China has made great progress. However, there still existed large gaps in the field of financial risk management and control compared with enterprises aboard. Building the model of groups’ financial risk management and control is of great significance under the background of rapid spread of information technology, process management platform and the group strategy management and control concentrating to financial management and control.Groups must have a scientific, rational and efficient financial risk management and control model to promote the consistence of financial goals between subordinate business units and groups, to play the enthusiasm and creativity, to improve group competitiveness, and to contribute to the realization of corporate strategic goal under the premise of the groups development healthy, stable and diversified.The paper was derived from the enterprise group’s attention and originated from the ponder of financial risk management and control mode. DZ Group was selected and the case studies, field surveys were employed. Combining with the current conditions of DZ Group in financial information and communication,financial management, budget management, performance evaluation and audit management, this article investigated the problems of financial risk management and control and analyzed the causes by referring a large amounts of domestic and foreign literature, combining theory and practice. It was confirmed the key points of risk identification and risk matrix, risk assessment and risk maps, risk response and risk prevention. Overall framework of DZ Group’s financial risk management and control model was proposed by analyzing the designing of DZ Group’s financial risk management and control model. Then on this basis, shared financial information system, financial management system, budget management system, performance evaluation system and risk early warning system were built up. Group’s financial risk management and control model optimization was corporate-strategy-oriented dynamically adjustment process. Therefore, DZ Group’s financial risk management and control supporting safeguards were also proposed to provide a complete set of management guidelines, which had significant practical reference values.