Do you know the measures and methods to prevent financial risks of enterprises? Do you know the measures and methods for enterprises to guard against financial risks? The following are the measures and methods I have brought to you to prevent financial risks of enterprises. Welcome to reading.
(A) to prevent financial risks, we must first do the following work.
1. Carefully analyze the macro environment of financial management and its changes, and improve the adaptability and adaptability of enterprises to the financial management environment. Establish and constantly improve the financial management system to adapt to the ever-changing financial management environment, that is, to formulate financial management strategies. Make the financial management system run effectively and prevent financial risks caused by the financial management system not adapting to environmental changes.
2. Continuously improve the management level of financial managers and enhance the awareness of risk prevention. Financial risks exist in all aspects of financial management, and the mistakes in any one link will bring financial risks to enterprises. Financial managers must prevent risks throughout financial management.
3. Properly handle financial risks. The handling of financial risks is the post-event control of risks, and the specific methods mainly include:
(1) adhere to the principle of prudence and establish a risk fund. That is to say, before the loss occurs, a fund dedicated to preventing risk losses is established through withholding or other forms. For example, the bad debt reserve and impairment reserve of certain regulations and standards are withdrawn.
(2) After the loss occurs, make up for it with the extracted risk fund as much as possible, or enter the cost in batches to minimize the interference of financial risks on the normal activities of the enterprise.
(3) Establish a supervision system for the efficiency of capital use. The internal management department of an enterprise shall regularly assess the asset management indicators.
4. Improve the scientific level of financial decision-making and prevent financial risks caused by decision-making mistakes. The correctness of financial decision-making is directly related to the success or failure of financial management. Empirical decision-making and subjective decision-making will greatly increase the possibility of decision-making mistakes.
(B) the specific methods of enterprise financial risk prevention
1. Avoid risks. Enterprises' countermeasures to risks should first consider avoiding risks. In the case that the losses caused by risks cannot be offset by the profits that can be obtained by the project, avoiding risks is the most feasible and simple method. Refuse to do business with untrustworthy manufacturers; Give up investment projects that may obviously lead to losses; When many problems are found in the trial production of new products, the trial production should be stopped decisively.
2. Reduce risks. Enterprises should improve their ability to resist risks from the aspects of system, culture, decision-making, organization and control. Reducing risks has two main meanings: one is to control risk factors and reduce the occurrence of risks; The second is to control the frequency of risks and reduce the degree of risk damage. Common methods to reduce risks include: accurate forecasting, such as exchange rate forecasting, interest rate forecasting, debtor credit evaluation, etc. Multi-scheme optimization and camera substitution decision; Communicate with government departments in time to obtain policy information; Fully conduct market research before developing new products; Implement equipment preventive maintenance system to reduce equipment accidents; Choose a flexible and risk-resistant technical scheme, conduct technical simulation tests in advance, and take reliable protection and safety measures; Adopt multi-field, multi-region, multi-project and multi-variety investment methods to spread risks.
3. Transfer risks. Enterprises pass on risks to others at a certain cost and in a certain way to avoid disastrous losses to enterprises. There are two main ways: first, insurance transfer, that is, enterprises pass on risks such as property losses to insurance companies by purchasing property insurance. The second is non-insurance transfer. That is, enterprises transfer specific risks to specialized institutions or departments. For example, sell the products of the enterprise to the commercial department, and hand over some designated businesses to professional companies with rich experience and skills and specialized personnel and equipment to complete. Transferring part or all of the financial risks to others can greatly reduce the financial risks of enterprises.
4. Accept the risk. For the risk with small loss, if the enterprise has sufficient financial resources and ability to bear the risk loss, it can absorb the risk loss by itself by taking risks at its own risk and self-insurance. At your own risk, when the risk loss occurs, directly spread the loss into the cost or reduce the profit; Risk self-protection, that is, with the progress of production and operation, enterprises reserve risk funds or plan to withdraw bad debt reserves, inventory depreciation reserves and other risk funds.
(C) to strengthen the relevant policies of enterprise financial risk prevention
The above specific measures to prevent financial risks are systematic and scientific, but these methods are difficult to prevent and resolve moral hazard. Therefore, we should also establish and improve the internal control system and dynamically improve the incentive and restraint mechanism of enterprises according to the specific reality of enterprises, so as to effectively prevent and resolve financial risks, ensure the benign operation of enterprises, improve the ability to resist risks and maximize the value of enterprises.
1. Establish and improve the post responsibility system and strengthen audit supervision. Establishing and perfecting the post responsibility system is not only an important measure to prevent and resolve moral hazard, but also an effective means to ensure the safety of financial production, reliable accounting information and legal financial activities. To establish and improve the responsibility system, we should mainly do the following work: First, according to the actual situation of enterprises, scientifically design financial management posts, formulate corresponding post responsibility systems, give each post power and responsibility, check each other, reduce work mistakes, improve work efficiency and strengthen division of labor and cooperation. Second, the financial management process and accounting process should adapt to the changes of enterprise management mode and development mode, effectively support the market competition of enterprises, expand the setting of market management posts, and dynamically adapt to the development needs of enterprises in order to prevent and avoid financial risks. The third is to strengthen enterprise value management and organically combine it with enterprise physical management. While doing a good job in reflecting and supervising the enterprise value cycle, the accounting department also needs to organically combine the physical management of other business departments, find abnormal situations in time, and take effective measures to solve problems.
2. Dynamically balance the cash flow and asset-liability ratio of enterprises. The survival and development of enterprises can not be separated from certain cash flow, and the asset-liability ratio restricts the scale and structure of enterprises. To improve the market competitiveness of enterprises, it is necessary to improve the structure of assets and liabilities and optimize cash flow. In the course of operation, enterprises should determine their own development speed and overall scale, as well as the corresponding asset scale growth rate according to the characteristics of their industries. Six factors must be considered when determining the scale of assets: first, the ability of enterprises to integrate resources; The second is the management ability of the enterprise; Third, the human resources of enterprises; Fourth, the incentive and restraint mechanism of enterprises; Fifth, the competitive position of enterprises; Sixth, the country's relevant industrial policies.
3. Effectively follow the principle of financial risk management and control to ensure scientific decision-making. The control links of financial risks mainly include financial objectives, identification and evaluation of financial risks, implementation and control of financial schemes. When setting financial risk management objectives, we should pay attention to the consistency with enterprise objectives, emphasize the balance between target risk and target income, and consider the moral hazard of stakeholders; When identifying and evaluating financial risks, various analytical methods should be comprehensively used.
Under the condition of fierce competition in the market economy, financial risks are inevitable for various reasons. Therefore, in financial management, every enterprise must pay attention to the prevention of financial risks, so as to effectively prevent and resolve financial risks and make enterprises invincible in the fierce competition.
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