Risks in enterprise financial management
1 uncertainty
The existence of financial risks is caused by the uncertainty of capital flow during financial operation. For example, when financing, the time for funds has come but the corresponding funds cannot be repaid, so the risk problem in financing is not smooth; When investing, the capital income can not reach the expected target income, and the funds will be reinvested and spent, resulting in financial risks; In the course of operation, the products of the enterprise did not enter the market as expected, resulting in the return of funds, which made the cost of the enterprise unable to recover normally, thus leading to the occurrence of risks; In the process of income distribution, because the main influencing factor of investment is income distribution, there may be some financial risks in income distribution. Among them, the risk in the process of financing is the starting point of enterprise financial risk, the problems in the process of investment are the main factors affecting the occurrence of risks, and the problems in the process of operation are the direct manifestations of risks.
2 finished product risk
At present, when the probability of financial problems is more frequent than before, when funds are paid in advance, there will be great risk problems in the process of financial payment and financial allocation. The main reason is that payment and distribution are two different stages, and the payment problem caused by credit rating is an important factor affecting the development of enterprises. When the execution conditions are basically determined, the production efficiency of an enterprise will not change greatly in a short time, so the interaction and distribution between products and labor force is unreasonable, which will greatly affect the production process, make it difficult to maintain the normal production of products, and lead to the phenomenon of idle products, which will have a great impact on the entire enterprise industrial chain and lead to financial risks.
Feasible measures for risk control of financial management
1 Prevent the occurrence of risks
Once an enterprise has financial risks, it is almost impossible to be perfectly aware of the changed situation. When financial risks occur, a series of financial problems will occur, and the operating conditions will be strongly impacted, which will have a great impact on the overall economic benefits of enterprises. Some enterprises operate in the form of multi-enterprise cooperation. When financial risks occur, many enterprises share the responsibility, which can store enterprises to some extent, but it has a great negative effect on their later development and competition. Therefore, enterprises should try their best to avoid financial risks, reduce the probability of financial risks and take certain preventive measures. Strengthen the communication and exchange between all departments of the enterprise, so that all departments of the enterprise have a certain grasp of the overall development of the enterprise, and all employees participate in it, so as to ensure that the best interests of the enterprise are not harmed and realize the development goals of the enterprise. Enterprise managers should attach great importance to the possible financial risks within the enterprise, take effective measures in time to avoid the occurrence of problems, enhance the internal financial management ability of the enterprise, and make the enterprise occupy a place in the fierce market competition.
2 set up a specialized agency to manage financial risks
When the establishment of enterprise departments is not reasonable enough and there are loopholes in operation, enterprises are likely to be in debt. Strengthen mutual communication and discussion among enterprises, take the economic benefits of enterprises as the core, and reduce possible financial risks. Large groups composed of different enterprises are more prone to problems. The main reason is that every member of an enterprise may have certain financial management risks, and the management of large enterprises adopts different parts of enterprise division of labor to realize management. When there is a problem in a certain part, it will affect the enterprise to a certain extent and reduce the overall development competitiveness of the enterprise. In order to manage financial risks more effectively, enterprises should strengthen the ideological management of internal members, formulate detailed relevant work rules and problem analysis, clearly point out the specific work functions of various departments and the relationship between them, and enhance the awareness of coordination and cooperation between different departments. To establish a special risk management department, we must strictly control the working ability and financial risk awareness of the staff in this department, ensure the team awareness among the staff, ensure the normal financial risk management and realize the normal development of the enterprise.
3. Strengthen financial allocation
Realizing efficient financial management and control is an important way to reduce the risk of enterprises, which plays an important role in accomplishing the corresponding goals set by enterprises and ensuring the optimal management of funds. In order to achieve the development goal of the enterprise quickly and effectively control all aspects of financial problems, comprehensive analysis and management must be carried out in strict combination with the specific social environment inside and outside the enterprise, so as to optimize financial allocation. Strengthen the research of financial management scheme, establish a long-term management model, and infiltrate the development concept of enterprises into all aspects of enterprises.
4. Strengthen budget management
Budget work is an important step in the allocation of enterprise funds, which can effectively affect the possible risks in financial management, uniformly manage the financial and material resources within the enterprise, make overall plans for mobilization and distribution, and comprehensively integrate and apply them to ensure the effective development of financial management. Budget work is mainly to comprehensively manage the financial use, production and sales of enterprises, comprehensively carry out financial management, optimize and manage resources.