Research On Financial Warning Of YM Company From The Perspective Of Cash Flow

Financial risks run through the whole process of the birth,operation and development of the enterprise.Especially in the current economic environment is complex and changeable,and the industry competition is intensifying,the possibility of financial crisis of enterprises is increasing.Accumulation of financial risks to a certain extent will inevitably lead to financial crisis in enterprises.Enterprises should construct an effective financial warning mechanism to dynamically monitor the financial status of enterprises in daily operations,control and prevent risks in a timely and effective manner,and avoid enterprises suffering undue losses.Cash flow is the blood of the company and is a necessary condition for the company's continuous production and operation.The financial warning from the perspective of cash flow has more advantages than the traditional financial warning.The financial warning from the cash flow perspective is not based on accounting profit,which reduces the interference caused by the whitewashing of the data,and can more directly reflect the solvency,cash-capitalization and profit quality of the enterprise;at the same time,the financial indicators from the cash flow perspective based on the realization system of income and expenditure,it has nothing to do with the accounting treatment of enterprises,and is not affected by accounting policies and estimation choices,and it is more convenient for horizontal comparison of business results between enterprises.The coal industry has experienced the glory of the “Golden Decade” and is also facing the risks and challenges after rapid growth.This paper takes the coal enterprise YM company as the research object,combines the cash flow information under the payment realization system with the financial warning,and uses the principal component analysis method to determine the enterprise financial warning model by using the longitudinal correlation index data of the enterprise in the last ten years.Closely combined with the actual situation of YM company,to improve the applicability of the model to individual companies.Moreover,after drawing on the usage of the efficacy coefficient method in the “Detailed Rules for the Implementation of the Comprehensive Performance Evaluation of Central Enterprises”,the evaluation standard value of the efficiency coefficient method is refined,and the two files are increased to five files to improve the sensitivity and accuracy of the early warning model.The warning information made is more scientific and accurate,and the actual significance of the argumentation of this paper is reflected to the greatest extent.