Enterprise financial risk management is not only a major issue in the development of enterprises, but also an inexhaustible driving force for the long-term development of enterprises. Therefore, in the process of enterprise development, we must correctly recognize the importance of financial risk management, and take corresponding risks according to our own development needs. Management countermeasures to ensure the normal operation of the enterprise and the sustainable development of the enterprise. This paper selects the theoretical framework of financial risk management of a group enterprise, and conducts an in-depth discussion on it.
Financial risk management plays a significant role in the economic activities of group enterprises
The flow, direction, income and expenses of the capital cost of an enterprise are an important part of the business activities of the enterprise. Therefore, the process of enterprise financial risk management includes risk identification, risk measurement and risk control. The primary function of risk identification is to judge whether there are internal or external financial risks in actual life, so that it can clarify the next action; risk measurement is to evaluate the impact of risks on enterprise development; risk control can effectively prevent unfavorable factors The adverse impact on the development of the enterprise, thereby improving the production and operation efficiency of the enterprise.
At present, my country's financial risk management model is based on past experience and combined with the development of modern science and technology. It is a new type of management theory that has emerged in recent years. . The financial risk management of many large groups has formed a relatively complete system, and in the process of implementing financial risk management, a set of management models adapted to the innovative development of Chinese enterprises has been formed.
Financial Risk Management for Businesses
Sustainable innovation is critical
The basic layer, including the management layer and the target layer, is an act of setting goals and implementing whole-process management to achieve goals, and is the basis for achieving financial risk management goals and effectively implementing financial risk management. The basic layer is the basis for the construction and management of each goal. It starts from reality, pays attention to the current financial risk management status of the enterprise, formulates goals according to the actual situation, and implements financial risk management.
The target level is the ultimate goal of enterprise financial risk control, and also the main direction of enterprise financial management work. Enterprise financial risk management is very important to the sustainable innovation and development of enterprises. In the process of financial risk management, if the target level is not clear, or the system design is not perfect, it will have a great adverse impact on the innovation and sustainable development of the enterprise. This is mainly because the connotation and specific links of the risk mechanism are the basis for managers to carry out financial risk management. Under the premise of lack of foundation, managers cannot carry out accurate and effective management, and cannot guarantee the quality and operational efficiency of various economic activities of the enterprise. . Therefore, the relevant staff must be clear about their roles and functions, and always pay attention to their settings. At present, my country's financial risk management has problems such as ambiguous concept, confusing content, and inapplicable mechanism, which make it difficult to adapt to the actual development needs, so that its final effect is restricted to a certain extent.
The management, as the name suggests, consists of the top of the enterprise and is mainly responsible for auditing and decision-making. Fundamentally speaking, the financial risk management system of an enterprise is a process from theory to practice, and managers should pay attention to the transformation from theory to practice. In the financial risk management system of the group enterprise, the mutual restraint and dependence between the management and the target layer must be highlighted. It is necessary to constrain the management and control the target through the role of the management, so that the two complement each other and contribute to the financial management of the group enterprise. Risk management lays the foundation.
How to effectively prevent financial risks in group enterprises
Systematic principles. The systemic principle is to manage the financial risks of enterprises in a systematic way with credit as the core. Enterprise financial risk management consists of a number of independent and interconnected indispensable and inseparable system work. Therefore, in the process of building a group enterprise financial risk management system, it is necessary to follow systematic principles to carry out economical construction. In the process of system construction, it is necessary to clarify the goals, pay attention to the relationship and changes in various aspects, and continuously optimize and improve the financial risk management system to ensure the overall construction of the system.
Establish principles that integrate with reality. Under the background of building a financial risk management system, it is necessary to analyze the reality and various problems and formulate relevant systems. Before establishing a complete system structure, it is necessary to have a complete understanding of the financial management behavior and management measures of the enterprise, and build a financial risk management framework according to the actual situation of the enterprise. Enterprise financial management should be based on reality, recognize its own shortcomings and strengths, and continuously improve and optimize. Group companies should adjust their goals, improve activities, improve safety systems, and define management scope in a timely manner, so as to establish an environment that is conducive to the group's effective prevention of financial risks.
Improve the financial management system and improve the information level of enterprise financial management
The first is to improve the financial management system.
Financial activities are closely linked with financial risk management. In order to better ensure the final quality of the group's financial work, the financial management system must be further improved to ensure the safety of the group's financial work. In practice, because group employees neglect all aspects of risk management and financial accounting and auditing, the financial risk management work of group companies is ineffective. Therefore, group companies should strengthen risk awareness, establish a sound risk management system, use systems to standardize financial management, and conduct financial risk control in an orderly manner to ensure the quality and efficiency of financial work.
To establish and improve the risk management system, we should start from the following aspects: First, set up a fund settlement center in the financial department of the group enterprise to facilitate the effective control of the funds of the group headquarters, so that the funds can be used wisely. Second, it is necessary to establish an independent investment management organization, comprehensively analyze the implementation of each investment project, and formulate strategic investment plans to ensure that various investment activities meet the needs of the company's economic development and maximize the interests of the group. Third, it is necessary to establish a financial risk management system, strengthen the supervision of capital account, strategic investment and other aspects, establish a sound financial risk management system, strengthen capital allocation and liabilities, and prevent the imbalance of corporate liability structure and capital allocation. It is necessary to pay attention to the specific work within the enterprise, clarify their respective responsibilities, and on the premise of following the overall plan and doing their own work, strengthen communication with the enterprise, enhance the understanding of financial risks, and ensure that the financial information of the enterprise is open, fair and transparent. And formulate scientific prevention and control measures. For example, decision makers need to make accurate predictions on the operation situation and potential risks of the enterprise, and carry out corresponding risk prevention.
Secondly, it is necessary to improve the information level of enterprise financial management.
At present, many enterprises in our country have problems such as non-standard asset structure: lack of normative capital structure, more emphasis on immediate interests, ignoring long-term development, thus causing financial risks for enterprises. Although some employees have rich work experience, their understanding of new concepts and new technologies is not thorough enough. In the course of operation, they rely too much on past experience and management skills, and ignore enterprise risk management. By strengthening the informatization construction of internal financial management, enterprises can effectively improve the accuracy of financial management while implementing financial management, so as to clarify the intricate relationship between financial management personnel and management rights, and ease the operation of capital costs of group enterprises. inefficiencies, etc.
The quality of enterprise internal risk management directly affects the overall production and operational efficiency of the enterprise. The management department should fully understand and learn from advanced management experience, and continuously improve the risk management mechanism and content.
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