Research On Financial Risk Warning Of GT Mining Company

The rapid development of the economy leads to the increasingly complex market environment of state-owned enterprises,the increasingly fierce market competition,the financial environment in which it is difficult,and the challenges and threats of various uncertainties.Financial risk is a comprehensive reflection of the various risks faced by the enterprise,or that the risk of all enterprises will eventually appear in the financial above,so the key to sustainable and sustainable development of enterprises is to find the best way or effective measures to effectively control and prevent Financial risk.Business activities are bound to be related to financial issues,and always out of financial activities,business management in all aspects of the possibility of financial risk,so it is necessary for enterprises to establish a scientific and effective financial risk early warning system,To improve the business to deal with financial risks or into a financial crisis processing capacity.Financial risk early warning system must always run through the whole process of enterprise economic management activities,as the carrier,the company with the existing financial data,non-financial data and management experience to determine the effective information on real-time monitoring of financial risks,and then can be issued for all aspects of the enterprise or the financial risk may occur early warning signal,the final enterprise to take measures.The purpose of building a financial risk early warning system is to minimize the loss so that the economic activities of the enterprise can be carried out normally and within the controllable range of risk.As an important industry to master the national mineral resources,the stability of the economic development of the mineral industry has a considerable impact on the national economic development.The impact of the international financial crisis so far,leading to the international market is still in the doldrums,the economy continued to exercise the mining industry has been a great impact,coupled with cyclical factors in the development of the industry,the global,the performance of the relevant activities of the mineral industry are not Too active.In the country,due to such as to production and other policies of the various aspects of the impact of mining companies operatingactivities subject to a certain degree of constraints.The current situation is: the mineral industry in the downturn,and in the next period of time will be further down.At the same time,with the acceleration of the marketization of state-owned enterprises,the mining companies and their industries will face new opportunities and challenges,there are many uncertainties,state-owned enterprise financial risk will be more diversified.This paper is based on the logical framework of "financial risk early warning theory research-financial risk factors-financial risk early warning system design." In the first chapter,the research background and significance of financial risk early warning are summarized,and the domestic and foreign literatures of financial risk early warning theory are reviewed by literature research method.The research methods adopted in this paper include literature research,qualitative Analysis and quantitative analysis of the combination of methods and normative research and empirical research methods,research ideas and innovation;the second chapter,mainly introduced the internal control theory,life cycle theory and financial risk theory,combined with GT Mining Company In the third chapter,the financial status of the mining industry is described first,then the financial status of GT mining company is analyzed in detail,and the causes of financial risk are changed from within the company and outside of the company.Level for a comprehensive analysis.The fourth chapter mainly designs the financial risk early warning system of GT Mining Company,which includes the principle of comprehensiveness,cost principle,operational principle and importance principle.The expert interview method and literature research method are used to select the financial risk early warning index,This paper uses the analytic hierarchy process(AHP)and Excel to determine the weight of the financial risk early warning index at all levels,lay the foundation for the construction of the financial risk early warning system and then use the improved comprehensive score method to meet the financial risk early warning system of GT mining company,and finally get the GT mining company the financial risk situation deteriorated year by year from 2013 to 2015,and based on the result of this warning,the paper analyzes the financial risk early warning of GT mining company from thewhole and some aspects of GT mining company,and finally points out the shortcomings of this paper and look forward to the establishment of a more comprehensive financial risk early warning system.The innovation of this paper is as follows: 1.Select the representative financial risk early warning index to carry out early warning,with Excel to simplify the mathematical calculation process of AHP.2.Combine GT's own operating characteristics and mineral industry characteristics targeted establish a financial risk early warning system with industry characteristics.