英国essay论文精选范文:“Financial risk”,这篇论文讨论了财务风险。财务风险是指由于受到多种因素的影响,使企业不能实现预期财务收益,从而产生损失的可能性。财务风险是资本价值经营的产物,企业的财务活动贯穿于生产经营的整个过程,通过它能够全面综合反映企业的经营状况,因此企业要识别财务风险,树立强烈的风险意识,制定防范措施。
Financial risk refers to the company's financial structure is unreasonable, improper financing so that the company could lose liquidity led investors to expect earnings risks. Financial risk enterprises must face the problem in the financial operation, the financial risk is an objective, so companies need to strengthen prevention and take effective measures to control the financial risks, the financial risks to a minimum, the least harmful.
Financial risks in fund raising, using, consuming, and recycling in all aspects, is the risk of funds in the process, including: short-term financing risk, debt risk capital risk and long-term income distribution of investment risk, money-back risk, financial risk, and so on.
Many factors of financial risk through some test, through systematic analysis and study, now prone to financial risk in the following areas.
Individual enterprises and departments or between internal between a parent company and its subsidiaries, affiliates and subsidiaries, financial management is not clear, irregular use of funds, capital efficiency is not high, financial integrity and security could not be guaranteed.
Corporate finance in two ways; internal financing and external financing. Internal funding sources has three main parts: the funding of free enterprise and enterprises cope with the taxes and interest, the enterprise is not used or not allocated special funds. Less risk of internal financing. External funding sources including: credit, non-financial institutions, funds, other funds, private capital and foreign investment. External funding has the advantage of speed, large amount of funds for general business, finance is a well-known phenomenon, particularly to raise funds from banks and other financial institutions, so companies often choose relatively large interest of private capital, so that the enterprises ' financing costs and capital-related costs increased significantly. Enterprises faced cash-flow difficulties of State, thereby directly increasing the financial pressure on companies to emerge from the financial distress.
Changes in environment, and many aspects of the system but also to have a financial impact, such as industrial policy, capital markets, interest rates, inflation, advanced degrees, and so on. Changes in the interest rate on debt financing risk of enterprise performance at the wrong time or using inappropriate ways for financing, thus financing costs increase, lead to losses. For example, under the present high interest rates and the interest rate tends to be lower, still at very high interest rates for debt financing, which makes lower interest rates and still burdened with high interest rates. Continuous inflation, Corporate Fund demand continues to swell, funds likely insufficient Monetary Fund continuous depreciation of physical assets correspondingly increases, continuous improvement of capital cost. Institutional environment for debt financing from the hazard, if improper decisions of the company, would be a serious financial risk.
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While, by talent and resources, aspects of limit, company of management capacity relative shortage, management lax, professional sex weak, internal control system not perfect, good of financial decision to get specification operation, effect has company management financial of timely sex; on the, company still business in not earned not lost of edge, this makes company no capacity full to consider internal management of timely sex, financial management as enterprise internal management of important part, its timely sex natural more can't do.
Enterprise financial risk awareness is when Enterprise conducting financial activities of negative situations that may arise on the market a sense of self-protection, of any market risk is, therefore, as market participants, must have a strong sense of risk. Because enterprise in a constantly changes of environment in the, especially enterprise of market situation, and products of update, and Exchange and interest rate and changes, and bank credit of constantly change,, will on enterprise of financial situation, and fund-raising capacity and debt capacity, produced is big effect, if enterprise missing market adaptability, also no perfect risk prepared Fund, dang market any a environment occurred slightly changes, Enterprise on may due to adaptability poor, and appeared financial crisis. A robust and high management level of enterprises, there will be a good external environment and ability to resist risks, while continuing to learn about changes in the economic environment factors, timely and effective adjusting business strategies and financial policies in order to achieve the objective of preventing financial crises.
Improve corporate financial risk management system emphasizes financial forecasting, decision-making, planning, control and analysis of the financial management process, must take effective measures to control the financial risks, the financial risks to a minimum, and make the least harmful. This indicates that the risk of financial activity of the enterprise features, requirements must be recognized in the financial management of enterprises in the financial risks that exist.
Internal control is important, companies must establish an internal auditing system. Strengthening oversight of accounting control system of enterprises, discovering problems, develop solutions, and will report the findings to the relevant authorities. To establish a good network of financial information, financial, can ensure access to quantity, quality and timely financial information, corporate financial decisions and risk identification for the right conditions.
Within the corporate structure is a principal-agent contract and the organizational structure of checks and balances, focused supervision and checks and balances, and ignore the incentive contract, under principal-agent moral hazard and agency costs are not mere supervision and checks and balances. Because the company's development from the company to maximize coordination between various departments, enterprises must have the perfect incentive to cooperate. Because the upper sector is the core of the company, so to strengthen supervision and incentives to rebuild the upper Department became optimization company
Debt management can effectively help enterprises, enterprises need funds provided to obtain the proceeds of financial leverage, make more profits. But debt is a double-edged sword, too much debt will make repayment pressures, financial risk, so that enterprises must establish a reasonable capital structure, debt.
Perfect the accounting control are important measures to prevent financial risks, accounting controls, can effectively protect the property, safety of accounting information, financial activities. Strengthening the management of funds, according to the actual operation, financial capacity, financial capacity in the future, the rational use of capital cost decision-making method.
To bring the financial managers understand financial management in all aspects of financial risk, and any mistake may bring financial risk to the company. Therefore, the company's financial management risk prevention must be run through the financial management all the time.
The control and prevention of financial risk is the guarantee of enterprise's survival and development, but also an important measure to maintain the healthy development of the national economy, which not only requires enterprises to improve their management quality, improve risk prevention capacity also requires operators of continuous improvement, but also between enterprises and employees efforts.
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