汾酒公司财务风险识别与防范研究

发布时间：2018-01-20 04:49

本文关键词： 白酒行业汾酒公司财务危机风险识别财务风险防范　出处：《宁夏大学》2017年硕士论文　论文类型：学位论文

【摘要】：受诸多内外部因素共同影响,我国经济增速持续放缓,也影响了财政收入的增长,在税费收入中贡献极大的白酒行业也遇到挫折。经过近几年微调,白酒行业销量有所抬升,价格总体稳定,但受累计库存压力,市场状况依然是供大于需,整个行业逐渐进入中低速发展阶段。根据现代财务管理理论,企业经营深受内外部环境影响,在市场竞争中会面临各种风险,财务风险势必成为诸多风险汇聚的集合体,极易形成企业的财务危机,将企业推向破产深渊。所以必须对财务风险进行全面分析,通过有效识别,提出具有针对性的防范建议,已是现代企业财务治理的重中之重。本文基于财务风险相关理论,选取白酒行业中颇具代表性的山西汾酒,收集整理其财务数据,认真比对分析不同风险识别方法优缺点,综合选用报表分析法和指标分析法,从盈利能力、偿债能力、营运能力、成长能力和现金流量五个方面,有效识别出汾酒公司财务风险的具体表现。本文同时对度量财务风险的不同方法进行比对,选择采用Z分值模型法加功效系数法,从横纵两个维度评价分析汾酒公司的财务风险,得出其总体处于轻度警度状态的结论,并从内部因素、外部因素两大方面,找出汾酒公司财务风险的形成原因。基于识别出的财务风险,本文富有针对性地提出了财务风险防范的具体措施,以期对汾酒公司及其白酒行业有一定的实践指导意义。
[Abstract]:Affected by many internal and external factors, China's economic growth rate continues to slow down, but also affected the growth of financial revenue, the liquor industry, which contributes a great deal to tax revenue, also encountered setbacks. After a few years of fine-tuning. Liquor industry sales volume has increased, the price is stable, but by the cumulative inventory pressure, the market situation is still more than the need, the whole industry gradually entered the stage of low-speed development. According to the modern financial management theory. Under the influence of internal and external environment, enterprises will face various risks in the market competition. Financial risks will become the aggregation of many risks, and it is easy to form the financial crisis of enterprises. To push the enterprise into bankruptcy abyss. So we must analyze the financial risk comprehensively, through the effective identification, put forward the targeted prevention suggestions. Based on the theory of financial risk, this paper selects Shanxi Fenjiu, which is representative of liquor industry, to collect and sort out its financial data. Carefully compare and analyze the advantages and disadvantages of different risk identification methods, comprehensive use of report analysis and index analysis, from the profitability, solvency, operating capacity, growth capacity and cash flow five aspects. Effectively identify the specific performance of financial risk of Fenjiu Company. At the same time, this paper compares the different methods of measuring financial risk, and chooses Z score model method plus efficacy coefficient method. From the horizontal and vertical evaluation of the two dimensions of financial risk analysis of Fenjiu Company, it is concluded that the overall state of light alert, and from the internal factors, external factors in two major aspects. Based on the identified financial risks, this paper puts forward specific measures to prevent financial risks. With a view to Fenjiu Company and its liquor industry has a certain practical significance.
【学位授予单位】：宁夏大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F426.82;F406.7

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