Research On Financial Risk Management Of Wugang Company

The iron and steel industry is one of the basic industries of China's national economy,which is directly related to the overall degree of China's industrial modernization and also affects the overall situation of the country's economic development.Therefore,steel enterprises must be able to properly control their own financial risks,otherwise it is likely to have an impact on the enterprise's various financial decisions and thus generate different degrees of financial risks.As a state-owned steel and iron enterprise,wugang company must strengthen the control of its own financial risks and build a financial risk warning system suitable for its own enterprises,so as to timely discover and avoid financial risks and reduce the possibility and harm of financial crisis.This paper first introduces the background and significance of the research,and summarizes the research results in the field of risk management and risk internal control at home and abroad,and puts forward the research content and research methods of this paper.Secondly,the basic financial situation of wugang company,financial risk internal control situation and financial risk external situation were analyzed and introduced,found the enterprise financial situation is not good,internal control system chaos,safeguard measures are not in place and many easy to cause the enterprise financial risk problems.Thirdly,taking wugang company as an example,the financial risk management problems of the company are analyzed from the two aspects of risk identification and risk assessment to determine the enterprise risk factors and risk degree.In the risk identification,the use of expert correspondence survey method,wugang company's financial risk problems for identification,consensus out of the 4 risk system 16 risk points,draw a risk list.In the aspect of risk assessment,the first use of assets status analysis of 16 risk factors,four risk system for quantitative analysis of the preliminary conclusion second using the fuzzy evaluation model combined with analytic hierarchy process(ahp)to 16 points and four risk system for quantitative assessment,determine the various risk factors,risk degree and the enterprise overall risk level.Finally,according to the 16 risk factors identified and evaluated and the four risk systems of financing risk,investment risk,operating risk and cash flow risk,according to the different degrees of risk,the corresponding countermeasures are based on risk transfer,risk self-assumption and risk mitigation and risk avoidance.At the same time,this paper puts forward Suggestions from the four aspects of organization construction,system construction,enterprise culture construction and fund management to solve the problems existing in the financial risk guarantee of wugang company.Based on the financial risk analysis of wusteel company,this paper discloses the deficiencies of its financial risk management and control,makes up for its financial management loopholes,promotes the healthy development of enterprises,and provides reference for similar enterprises.