Research On Financial Risk And Early Warning In Public Secondary Vocational Colleges

Following the period of rapid enrollment expansion in colleges and universities,public secondary vocational colleges have also ushered in their high-speed development stage.With the growing demand for skilled talents in China,the attention on vocational education and policy support are also increasing.The competition among the public secondary vocational colleges has become increasingly fierce.To compete for students resources,many schools have seized the opportunity to purchase land for the construction for new campuses.In this process,secondary vocational colleges usually use foreign debt to obtain funds because of the increased demand for funds.With the arrival of the repayment period,some schools have experienced difficulties in capital turnover.Once the financial crisis occurs in the public secondary vocational schools,the financial burden of the government will inevitably increase.How to prevent and control the financial risks faced by publicly-funded secondary vocational colleges,curb the occurrence of debt crisis,and avoid the occurrence of problems and harms similar to colleges and universities' over-indebtedness have adversely affected the society,becoming a problem that the government cannot ignore.This article studies from the perspective of government supervision.This article first introduces the causes and background of financial risks in secondary vocational colleges,and clarifies the significance of the research on financial risks in secondary vocational colleges.Next,the concept,classification and main features of financial risks are introduced,and the theoretical support of this paper is constructed.By summarizing the research achievements that scholars at home and abroad have made in terms of financial risks and early-warnings,considering the characteristics of the secondary vocational colleges and the principles of risk early warning system construction,the existing financial risk assessment indicators have been improved and designed.To enable it to adapt to secondary vocational schools,this special type of research object,starting from the three aspects of solvency,ability to pay,ability to grow,twelve financial analysis indicators are selected to comprehensively consider the financial risk of secondary vocational colleges.On this basis,this paper completed the design and construction of the financial risk warning system in secondary vocational colleges.In order to further verify the practicability of this model,this article takes the H technician college that the author worked on as the main sample case,selects the school's financial data in 2016 and 2017 as the basic data,and then builds the school's financial risk warning model.The judgment of the financial risks in 2016 and 2017 verified the applicability of the early warning model for financial risks in the secondary vocational schools.This article believes that the government should fully recognize the necessity and importance of supervising and managing financial risks in public secondary vocational schools,and preventing and curbing the occurrence of debt crisis on the government and society.In view of the current financial risks in secondary vocational schools,this article puts forward some corresponding risk prevention measures.It is hoped that this article can provide some effective help to the development and reform of secondary vocational colleges,contributing to more long-term development in the comprehensive reform of education,so that the secondary vocational schools are able to cultivate more comprehensive and high-quality skilled personnel for the country,and become the cradle for the great skilled men in a great power and provide some help for the supervision of the government.