Research On The Financial Risk Analysis And Control Of ZX Company

In recent years,social and economic development of our country have made unprecedented achievements,among which small and medium enterprises(SMEs)make contributions to economic and social progress which can not be ignored.Meanwhile,due to their own limitations,weak of abilities to resist the risks,SMEs have a lot of financial risks.Financial risk is a kind of systematic risk which is closely related to survival and development of the enterprises.And any of which can not be avoided.In the highly competitive and increasingly complex and changeable market economy environment,uncertain factors from internal and external corporate environment often lead to risks faced by the enterprises.For this,Chinese enterprises must pay great attention to financial risks,adopt scientific methods to analyze and evaluate the financial risks probably existing in enterprises,then take effective measures to prevent and control the identified risks.After reading relevant literatures,this thesis summarized the research achievements in financial risks from Chinese and foreign literatures,combined with actual situation of ZX company.It analyzed financial risks,and provided relevant countermeasures to control financial risks.Based on the study and research of enterprise financial risks and financial risks control,combined with actual situation of ZX company and the industry environment and the characteristics,ZX company's financial risks was divided into financing risk,investment risk,operational risk and cash flow risk.The thesis found that the ZX company's financial situation is in poor condition from these four perspectives,and it analyzed the reasons of causing risks from internal and external aspects.Then the thesis selected corresponding financial index according to above four risks,and utilized improved efficiency coefficient method to build corresponding evaluation system of financial risks for ZX company,it adopted analytic hierarchy process(AHP)to determine the weight of various index.On this basis,the thesis made deep and intensive evaluation of financial risks of ZX company,and according to this evaluation system,it judged whether the enterprise will be in financial crisis,and assessed severity degree of the crisis.The results showed that financial risks of ZX company had a moderate warning level.After analyzing and evaluating financial situation of ZX company,this thesis found thatthe financial risks were serious in the company.In terms of financing,investment,operation and cash flow,this thesis finally provided measures to strengthen control of financial risks.This thesis looks forward to the risk analysis,evaluation and control measures can provide some help in enhancing its own abilities to resist risks for ZX company.