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 Wysłany: Pią 21:50, 21 Sty 2011 Temat postu: Financial Risk Management of _3936 |
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Management of Financial Risk
, The financial risk of the enterprise can make a preliminary qualitative judgments, and on this basis, the use of modern management techniques and methods to measure the financial risks,[link widoczny dla zalogowanych], with the simplified model for the measurement of the amount that a particular level of risk calculation expected revenue under. A more scientific approach is to apply probabilistic methods to carry out. The risk, return and their relationship has a certain probability, so the first step should analyze the various situations that may arise; the second step, according to their own professional experience,[link widoczny dla zalogowanych], combined with the available information on a variety of information, analysis of each case the probability; the third step, calculating each case available income or pay the cost of the revenue or cost expectations of the variance and standard deviation; fourth step, according to variant 3, Pi-I-TF-Field H A part of the internal control li I ■. ° ■ / catkins Yu-Qi Han marketing chain links of production and operation is the first link, on the one hand companies to sell production quotas, the other companies in the market economy to improve the competitiveness of the environment, we must expand sales, dominate the market. With the development of market economy, social competition, enterprises in order to expand market share and enhance their competitiveness. Increasing use of credit as a means of credit and marketing strategy to achieve the increase in capital accumulation. However, the credit will also bring greater risk to the enterprise, the current credit market crisis is making the phenomenon of inter-enterprise arrears each other more and more serious, and even has affected the business's cash flow and normal business activities. Enable enterprises to sluggish sales, accounts receivable, a kindness the old reactor, the high cost of sales and so on. First, the good part of the internal control sales. Develop long-term annual sales forecast and sales plan development and changes in the market, enterprises should fully consider the risk of market share and presence, combined with historical and current market conditions, their own conditions, competitors, and customer's situation, marketing policy and development goals, combined with market research statistics, the future market situation and development trend of long-term sales forecasts. The enterprise's long-term sales forecasts, marketing strategies, production capacity and financial ability to analyze, develop annual sales plans, as planned sales. Sound to determine the annual number of various benefits (costs) under the degree of risk. In addition, sensitivity analysis can be used to determine the scope of the role of risk factors in order to prevent and reduce loss of decision-making. (B) risk control 1. Enterprise risk prevention mechanism should be established, and to take measures to ensure their normal operation effectively. One is to establish financing, investment and other financial activities of the scientific decision-making process, both to ensure the authority of enterprise managers, but also the wisdom of experts should give full play to the supervisory role and the scientific process; Second, establish a financial risk monitoring mechanism to track,[link widoczny dla zalogowanych], for each major item financing, investing activities and cash flows, and so a variety of financial risks of ongoing tracking to ensure understanding and knowledge at any time; Third, the financial activities of each risk accountability, that is clearly the major risk first who should be given followed by financial activities of their respective powers, once again it should be clear responsibilities and risks should be paid, and conduct strict examination honored. 2. Risk transfer method is that many enterprises, especially those small and the management companies and the general willingness to adopt the. It refers to a certain price will be transferred to other units of the risk of legal actions, including insurance,[link widoczny dla zalogowanych], transfer or the insurance transfer. We all understand the insurance transfer, the non-insurance business transfer refers to a certain price will be a financial risk to non-insurance professional body or institution, such as the product sold to wholesalers at a lower price or the retail trade sector, etc. and so on. 3. But modern enterprise diversification important method of risk diversification. Theoretical basis of this method is that, from the principle of probability and statistics point of view, the profitability of different industries or products, the replacement cycle is independent, not entirely relevant,[link widoczny dla zalogowanych], so operating a variety of industries, a variety of products in time, space and profit and loss on complement and offset each other. It can be used to prevent and resolve or reduce the financial risk. This is a positive approach. General financial strength, technology and higher management level of large enterprises are more willing to adopt this approach. It should be noticed that diversity is not a panacea. In the fierce market competition, if too much emphasis on diversification and dependence, involving the product, the industry too much, especially the main business, the outstanding over-expansion, is likely to lead to business failure, such instances are not uncommon for Chinese and foreign. Therefore, engaging in diversified operations, must be within its power, must be highlighted in the main premise of appropriately involving other industries, and products. Otherwise, it is likely to fail. ◇ Author: Shenzhen South Oil (Group) Co., Ltd. ◇ Editor: Liu Wei D (2003 No. 6) ensure that sufficient financial Hyun
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