Research On Financial Risk Evaluation And Control Of Small And Medium-sized Enterprises

Financial risk refers to the fact that when a company conducts various financial activities,the financial results obtained by the company do not meet expectations due to the impact of various uncertain factors,which may cause the company to suffer economic losses.Corporate financial risks involve every aspect of production and operation,including financing risks,operational risks,capital chain risks,and development risks.Compared with large enterprises,Small and Medium sized Enterprises(SME)may be less able to resist financial risks.At present,the number of SME registered in the national industry and commerce department accounts for 99% of the total number of registered enterprises.The annual GDP generated by SME exceeds 60% of the national total.SME provide about 80% of jobs and promote the economy of the whole society rapid development.However,there is still a significant gap in the scale,risk and stability of SME compared with large enterprises.In contrast with large enterprises,SME is less capable to resist the risks and more sensitive to the exterior environment,has greater financial risks.From the perspective of small enterprises,financial risk assessment and control is more important.This article takes H company as the specific research object in the research.H company is a SME engaged in the production and sales of small household appliances.The company has obvious financial risks in the process of business development.Therefore,the company conducts financial risk evaluation on the company.And control has important meaning.In the research process of this article,by collecting and sorting out a large number of documents related to corporate financial risk,researching related theoretical basic knowledge,summarizing the existing research results,so as to define the concepts related to financial risk and sorting out the contents of this article.The research background,significance,and current research status of the subject at home and abroad,etc.The subject selected H company as a reference in the research process to study its financial risk issues.First,it introduces the basic situation of the company and the current status of financial management,and finds out the problems existing in the financial risk management process of H company,including financing risk,operational risk,capital chain risk,and development risk.When evaluating financial risks,establish corresponding evaluation indicators for H company’s financial risks,assign corresponding weights to various indicators,and evaluate H company’s financial risk evaluation indicators through a fuzzy comprehensive evaluation method.Based on the analysis results,it is recommended that Company H implement financial risk control strategies by broadening financing channels,formulating reasonable financing structures,adjusting inventory,innovative products,cost transfer,capital turnover management,risk prevention and early warning,and professional training.It is hoped that the research results of this article will provide suggestions on the financial risk control of H company and provide a reference for the financial risk control of other SMEs in the industry.