Research On Financial Risk Control Of Company H

Affected by the global economic environment, the domestic economic situation is increasingly serious in our country, and the speed of economic development slow down. After seven years, the "golden age" of 2005-2011,coal industry has been in winter since 2012.Coal prices drop sharply. According to the seaborne coal market of bohai sea power coal prices index, as of January 2016, steam coal prices decrease from 800 yuan/ton to 372 yuan/ton in 2011.First 10 months of 2015, there have been more than 300 million tons of coal in 46 months, the domestic coal enterprises above designated size had 62% drop in profits year on year, the percentage of loss-incurring enterprises reached more than 80%.On the other hand, our country is in the wave of reform on supply. The "capacity" is mainly for steel, coal industry. For optimizing the industrial structure, it is related in The Situation of Coal Development and Much Starker Choices-and graver Consequences-in by China coal industry association in 2015 that during the period of much starker choices-and graver consequences-in "it will continue to push forward the enterprise merger and reorganization, It means that the coal enterprise’s situation will be more serious, and coal enterprises will be struggling. H company is a large-scale coal listed companies. In view of increasingly severe external environment, financial risk control is not only a financial issue, but also for the enterprise strategic management issues. The ability of the enterprise financial risk control is closely related to the success or failure of the enterprise. In this case, establishing and perfecting effective long-term healthy development of the enterprise financial risk prevention and control system is of great significance.This dissertation can be divided into six parts, the first part is the introduction, which generally introduces the research background, research significance, the framework ideas of the text as well as innovations and deficiencies; The second part is about he theory introduction, mainly reflects the detailed introduction of the related basic theory of the financial risk control, making a good groundwork for the following case analysis; The third part mainly gives a brief introduction of the basic situation of H company, and uses various methods to analyse the company’s nearly five years financial data, discover the main financial risk, and explore the causes of risk; The fourth part is to make a brief introduction of the company’s existing financial risk and related control measures through the invetigation of H company during the period of practice, and analyze the results; The fifth part is to put forward further improvement suggestions to the defects of the existing control measures of company, such as building early warning mechanism based on cash flow, strengthening the process controls of accounts receivable, in order to accelerate the transformation of enterprises, The sixth is divided into conclusions and outlook, summarizing the full text, at the same time to the prospection of applicability of the research conclusion.The innovation of this paper mainly reflects the detailed introduction of company’s existing financial risk control measures, which is based on domestic and foreign financial risk control of relevant theories, combing with the thorough investigation of H company during the period of practice and integrating theory with practice. What’s more, in terms of the problems, it puts forward the further improvement suggestions, striving to improve the H enterprise’s financial risk prevention and control ability, and expecting that it will have certain reference value for the same type of enterprises.