Construction And Application Of X Company’s Financial Risk Control System

Enterprises in the process of operation and development will face a variety of risks,and financial risk is an enterprise in the face of a variety of risks is extremely important,need to get the attention of enterprises.However,in practice,enterprise managers usually pay more attention to the risk management related to the business development strategy of the enterprise,but lack of awareness of the financial risk management and prevention of the enterprise,and rarely take corresponding control measures to deal with or avoid the relevant financial risks in time.Moreover,the development of animal husbandry industry in China started late,and the corresponding business development mode and cost accounting of most animal husbandry enterprises are in an imperfect state.Therefore,it is more necessary for animal husbandry enterprises to carry out corresponding financial risk control activities.In this paper,based on this background,through the system study of financial risk management and control related theory knowledge,with X company as the object of case study,the financial risk identification and analysis was carried out on the X company,to build the financial risk assessment system,formulate the corresponding financial risk control measures such as process,for the X company set up corresponding financial risk control system,and analyses the relevant application.Firstly,this paper introduces the background of X Company,its business development model,organizational structure,information of financial personnel and the current situation of financial management process.Secondly,the identification and source analysis of X Company’s financial risks.Based on the financial data and information of X Company from 2012 to 2016,the financial ratio analysis method is adopted to make an in-depth analysis of the financial risks faced by X Company and explore its sources from debt repayment risk analysis,operation risk analysis,profit risk analysis and development risk analysis.Then,according to the financial risk analysis results and the reference of animal husbandry industry standards,the appropriate financial risk evaluation indexes were selected,and the weight of the corresponding indexes was determined by the analytic hierarchy process(AHP)to construct the evaluation index system.Select the company’s financial data from 2017 to 2019,use the efficiency coefficient method to obtain the financial risk evaluation results of the three years,and further analyze the causes of risk.The study concluded that X Company was mainly faced with problems such as too little financing,poor management of biological assets and inventory,high operating costs,and insufficient motivation for market expansion.In view of these problems,this paper puts forward some measures,such as strengthening the improvement of the company’s management system and process,appropriately borrowing foreign debt,improving the management of biological assets and inventory,standardizing the cost accounting process,and improving the company’s market expansion ability.The last part is the conclusion and the deficiency of this article.It is hoped that this study can reasonably and effectively control the financial risks of X Company,avoid or reduce the financial risks of X Company,improve asset quality and company benefits,and promote the healthy and stable development of X Company.