Study On The Enterprise Y's Financial Risk Based On Themis Abnormal Value

Nowadays,with the constant acceleration of the trend of world economic globalization,resources are pursuing efficient optimal configuration all around the world.In the background of era of diversification,higher requirements have been proposed to operating management of enterprises.In the modern business administration,management of financial condition in enterprises is always at core status of management,running through overall process of production and management of enterprises.And with the constant development of social economy and in-depth reform of enterprises,status of financial management is of more importance.For administrators of enterprises,how to find out potential financial risks through various ways in time and adapt corresponding measures to dissolve financial risks to eliminate hidden dangers has become the problem need to be resolved immediately.The purpose of research of the context is to discuss new researching measures to identify authenticity of financial statement to reveal the financial risks of enterprises Y in advance,in the point of view of business manager,through analyzing financial statement of enterprises Y and on the base of fully excavate potential information of statement.The research content of this paper includes the following five parts: The first part,on the basis of the previous literature,combining with research methods of qualitative and quantitative analysis,introduces the domestic and international research on the status of enterprises' financial risks.The second part clarifies the definition of financial risk and the types of financial risks that enterprises may face,giving an overview of the commonly used methods of financial risk analysis.The third part analyzes financial condition of enterprise Y by adapting analysis of short-term solvency,long-term solvency,operation capacity,profitability of enterprise as well as traditional ratio analysis method,which is representative by market value ratio of marketing enterprises,and du pont analysis,which is based on financial ratio analysis,and points out deficiency of traditional financial analysis.The fourth part introduces the Themis anomaly analysis model and analyzes three consecutive financial condition of enterprise Y again,including the establishment of the index system of the model,the financial logic of the model and evaluation of the financial risk,and calculates score of every independent items of enterprise to obtain the comprehensive score and ranking of enterprise Y.It points out that the model finds out the signs of whitewash in statement of enterprise Y,explores operation efficiency of capital in enterprise Y,reveals factor of financial risk of enterprise Y and forecasts the meaning of financial risk in 2016.At last,aiming at financial risk of enterprise Y,the fifth part puts forward corresponding suggestion.The context uses new research method of financial risks,in the angle of view of concerning about efficiency of fund operations,through establishing 11 unique financial indexes to analyze financial condition of enterprise,to find out all kinds of forgeries in financial statement of enterprises swiftly,revealing the problems that financing efficiency of enterprises is relatively low,scale of loaning is too much,product mix is single,profitability is low and administration expense cost and financial expense surges and so on.In the end,combining with the features of enterprise Y,the author suggest that enterprise Y improve financial structure and lower financial risks by improving cost system,liability structure,product mix,improve the profit and so on.And it should also commence from financial control of inter-enterprise to provide guiding ideas to perfect internal control system of finance.