Research On The Construction Of Agricultural Enterprise Financial Risk Management System Based On COSO-ERM (2017) Framewor

In recent years,China’s agricultural enterprises have ushered in a period of rapid development,especially the agricultural listed enterprises,the management level is constantly improved,in the production mode has gradually changed to the commercial market type,the market value and comprehensive strength of enterprises have increased comprehensively.But started late for agricultural enterprises in the capital market,financial management maturity is not enough,lack of risk management,financial risk consciousness is weak,resulting in the financial practice enterprise capital as a whole,operating level is low,investment benefit,and many other problems exist widely,eventually lead to agricultural enterprise profit space continues to shrink,limited development,stumbling on the road to seek enterprise value maximization.In view of the path of the development of excellent enterprises,operation,finance and marketing are the three pillars of management,and the establishment of financial risk management system is an important link of scientific financial management,and is also the fundamental premise and necessary guarantee for the realization of sustainable operation and considerable progress of enterprises,which needs to give enough attention from enterprise managers.This article to Chongqing fuling pickle group co.,LTD.(securities name:fuling pickle,securities code: 002507,hereinafter referred to as: fuling pickle)as the research object,with financial risk management theory and COSO-ERM(2017)framework system as the theoretical basis,using qualitative and quantitative methods,the fuling pickle nearly five years of financial data for financial risk assessment.Firstly,the financial risk is identified from the four financial dimensions of financing,investment,operation and income distribution,and the following conclusions are drawn: the financing risk is mainly the increased possibility of short-term debt repayment risk and the low efficiency of capital use;the investment risk is the increasing investment scale of fixed assets and the investment risk of fixed assets;the operating risk is mainly the excessive operating cost,slow cost control,greater possibility of bad debt loss and the low operation efficiency of assets;the income distribution risk is mainly the increase of refinancing risk,and the financial risk monitoring should be increased.Secondly,based on the financial risk identification results,based on the research results of relevant scholars and the actual situation of Fuling mustard,the four financial indicators of solvency,operating ability,profitability and development ability are empowered to obtain the conclusion that the solvency has the greatest influence on the financial risk of Fuling mustard.Then the efficacy coefficient method is used to evaluate its financial risk level,and the final financial risk level of Fuling Zhacai is "middle police",its financial situation is relatively unstable,and the possibility of financial risk is high,so financial risk management monitoring is needed.Finally,based on the financial risk identification and evaluation results,points out that fuling pickle financial risk management problems,reasons and the necessity of financial risk management system construction,and combined with COSO-ERM(2017)framework theory of governance and culture,strategy and objectives,performance,review and correction,information,communication and report five levels proposed fuling pickle financial risk management system construction Suggestions,in order to fuling pickle and related agricultural enterprise financial risk management system to provide some optimized theory thinking.