The Evaluation And Prevention Of Financial Risk Of DX Vocational College

Higher vocational education is an indispensable part of higher education,and private higher vocational education is its core component.With the rapid development of China’s economy,the demand for front-line technical personnel is increasing day by day.As the cradle of blue-collar talents,all kinds of private vocational colleges are confronted with various financial risks while conforming to the development of the times.In terms of investment,financing,operation and profit distribution,private vocational colleges incur financial risks to a certain extent due to imperfect system,inadequate supervision,insufficient budget execution and other practical reasons.Thus,it hinders the development of private vocational colleges.This paper selects DX Vocational College as the research object,starting from the perspective of financial management major,combining the characteristics of higher vocational colleges and the theoretical research of previous scholars,mainly adopts the literature research method and case study method.This paper systematically analyzes the financial situation of DX Vocational College from the aspects of investment,financing,operation and profit distribution,and identifies its financial risks.According to the characteristic of the school from investment capacity,financing ability,operation ability and the profit allocation ability,18 primary index are selected.With the application of entropy method and correlation analysis,and analysis on primary indexes determined in investment,based on the four dimensions of financing,operation and profit distribution,12 final evaluation index are screened.According to the selected 12 final evaluation index,DX vocational college financial risk evaluation system is established.Combined with the characteristics of privately-run colleges and universities,the evaluation standard value is determined by referring to the National Enterprise Performance Standard Value.Then the efficiency coefficient method is used to analyze and calculate the relevant financial indicators of DX Vocational College.Finally,the comprehensive financial risk score of DX Vocational College from 2015 to 2019 is calculated,and the specific financial risk situation of DX Vocational College is evaluated.According to the conclusion of the financial risk assessment,the corresponding preventive measures are formulated specifically for the financial risks generated by the financing,investment,operation,and distribution of vocational colleges.Through the analysis and research of the full text,we hope to predict the potential financial risks of DX Vocational College according to the established evaluation system,and provide some help for the college leaders to avoid financial risks.At the same time it will provide a certain reference to brother colleges in financial risk assessment and prevention.