How to prevent corporate financial risks and resolve financial risks to achieve financial management goals is the focus of corporate financial management.

Follow me below to discuss specific measures to strengthen corporate financial risk management.

Specific measures to strengthen enterprise financial risk management (1) Improve the enterprise's adaptability and adaptability to the financial management environment. Establish and continuously improve the financial management system to adapt to the changing financial management environment, that is, a financial management strategy should be formulated.

Facing the ever-changing financial management environment, enterprises should set up efficient financial management institutions, equip high-quality financial management personnel, improve financial management rules and regulations, and strengthen various basic tasks of financial management so that the enterprise's financial management system can operate effectively and improve

The adaptability of financial management systems to environmental changes.

(2) Improve the risk awareness of financial personnel Enterprises should solve financial risk problems through accounting policies and accounting strategies.

Financial risks exist in all aspects of financial management work. Work errors in any link will bring financial risks to the enterprise.

Therefore, financial managers must incorporate risk prevention awareness into their financial management work.

Based on the current reality that financial personnel have weak risk awareness, corporate senior managers should regularly conduct risk awareness training for financial personnel, actively learn from companies with better risk management, strive to improve the risk awareness of financial personnel, and implement it throughout the entire enterprise's financial management.

activity throughout.

(3) Improve the scientific level of financial decision-making. The correctness of financial decisions is directly related to the success or failure of financial management work. Experience-based decision-making and subjective decision-making will greatly increase the possibility of decision-making errors.

In order to prevent financial risks, enterprises should fully consider various factors that affect decision-making during the decision-making process, try to use quantitative analysis methods, and use scientific decision-making models to make decisions.

When making decisions about various feasible options, avoid making subjective assumptions.

For example, in the decision-making of fixed asset investment, scientific methods should be used to calculate the payback period, return on investment, net present value and internal rate of return of various investment plans and other indicators, and comprehensively evaluate the calculation results.

Choose the best investment option based on other factors.

This can greatly reduce the possibility of making mistakes, thereby avoiding the financial risks caused by poor decision-making.

(4) Scientifically control financial risks 1. Adhere to the principle of prudence.

Establishing a financial risk fund means establishing a fund specifically used to prevent risk losses in the form of withholding or other forms before losses occur.

Enterprises can withdraw bad debt reserves according to certain standards, which is an effective method to compensate for risk losses.

After a loss occurs, expenditures are deducted from projects that have established risk funds, or entered into operating costs in batches, to minimize the interference of financial risks on the normal activities of the enterprise.

2. Establish a system for monitoring the effectiveness of corporate fund use.

Relevant departments should regularly assess the asset management ratio, and at the same time strengthen the investment and management of working capital to increase the turnover rate of current assets, thereby improving the company's liquidity and increasing its short-term solvency.

In addition, it is necessary to revitalize existing assets, speed up the disposal of idle equipment, and use the recovered funds to repay debts.

Financial risk management procedures 1. Risk identification Risk identification refers to the qualitative judgment of risks before a risk event occurs.

Not all risks in the real society are exposed. Unidentified or misidentified risks are usually not only difficult to optimally manage, but also cause unexpected losses. Therefore, at this stage, the means of risk identification,

The collection and identification of relevant information, the summary and classification of risks, and the monitoring of risk trends are all necessary.

Risk identification is the basis of the risk management process.

2. Risk measurement Risk measurement refers to the process of using various methods to measure the size of risks based on risk identification.

At different times and in different places, the risk and degree of loss are different.

Correspondingly, in terms of whether to manage and how to manage, accurately measuring the degree and difference of risks has become a key factor in improving the efficiency and quality of risk management.

Risk measurement is the most important part of the risk management process, which directly determines the company's attitude towards risk and decision-making results.

There are many ways to measure risk.

According to whether they are measurable, they are divided into measurable risks and unmeasurable risks.

Measurable risk means that it can be calculated using mathematical methods and the size of the risk can be judged by the size of relevant indicators.

Commonly used measurement methods include: mathematical statistics, leverage analysis and capital asset pricing model.

These three methods have different scopes of use and have their own advantages and disadvantages. There are also many controversies in theory and practice.

The advantage of mathematical statistics is that it is scientifically rigorous and highly logical; its disadvantage is that the requirements for sample selection and probability estimation are too high, and the calculation process is complex and cumbersome.

The leverage analysis method directly uses financial statement data, which is simple to calculate and easy to understand and master. However, the logical relationship between the leverage coefficient and the size of the risk is unclear, and sometimes deviations occur.

When the capital asset pricing model method (CAP) specifically measures risk, the calculation of the beta coefficient is troublesome and requires strong professional theoretical knowledge and empirical judgment, as well as more accurate mathematical statistical data.