JHD公司现金流管理案例研究

发布时间：2018-05-12 07:45

本文选题：现金流管理 + 应收账款　；参考：《辽宁大学》2017年硕士论文

【摘要】：良好的现金流管理对于企业正常运行是至关重要的。建筑施工企业因其行业的独特性,即资金流入流出数额大且流入相对流出时间滞后,其对于现金流的管理更加应该重视。近年来,由于国内社会公众深受房地产危机的不利影响,我国政府给予了高度重视,并相继出台相关政策对该行业进行宏观调控,限制其过快地发展速度。因此,建筑施工企业受到了很大的冲击。建筑市场竞争异常激烈,建筑施工企业生存艰难。目前,资金周转困难已经对很多建筑施工企业直接或间接地产生了较大的不利影响。企业没有资金投入新的工程项目,而完成的工程项目又迟迟收不到工程款,导致企业应收账款规模的不断扩大,账面上的利润与实际现金流明显不符,严重地影响到了企业现金流的周转。企业有可能会因资金流断裂,进而出现破产倒闭的可能。所以建筑施工企业应该非常重视现金流的管理。针对这一问题,本文以JHD公司为例,以该公司现金流管理方面的实际情况为基础,通过三个小案例的描述体现出其在该方面存在问题。并利用DSO理论、现金缺口理论对公司近三年的经营活动现金流、筹资活动现金流的各项指标进行分析,例如应收账款的收现情况及其所占营业收入的比重、融资成本等,以及对JHD公司的组织结构以及现金流管理制度执行情况进行分析。通过对以上分析的归纳总结,找到导致问题的根本原因并对该原因进行深层次的分析,再结合该公司的自身特点,提出合理建议。本文通过对JHD公司分析,发现公司集团的组织结构比较简单,管理层现金流管理意识淡薄,应收账款数额大且收现困难,筹资渠道单一,现金流管理制度也比较混乱。最后,对于公司所存在的这些问题,本文分别提出了相应的建议,即加强该公司现金流管理的意识、构建合理的应收账款管理制度及信息平台、做好本公司筹资计划并增强筹资能力、制定合理的现金流管理制度以及改善公司组织结构。
[Abstract]:Good cash flow management is essential to the normal operation of an enterprise. Construction enterprises should pay more attention to the management of cash flow because of its unique industry, that is, the large amount of capital inflow and outflow and the lag of inflow and outflow time. In recent years, due to the negative impact of the real estate crisis on the domestic public, our government has attached great importance to it, and has issued related policies to control the industry macroscopically, so as to limit the speed of its rapid development. Therefore, construction enterprises have been greatly impacted. The construction market competition is extremely fierce, the construction enterprise survival is difficult. At present, the difficulty of capital flow has had a great adverse effect on many construction enterprises directly or indirectly. The enterprise does not have funds to invest in new projects, and the completed projects fail to collect the project funds, resulting in the continuous expansion of the scale of accounts receivable, and the apparent discrepancy between the profits on the books and the actual cash flow. Has seriously affected the enterprise cash flow turnover. Enterprises may be broken due to capital flow, and then the possibility of bankruptcy. Therefore, construction enterprises should attach great importance to cash flow management. Aiming at this problem, this paper takes JHD Company as an example, based on the actual situation of cash flow management of the company, and shows that there are problems in this respect through the description of three small cases. Using the DSO theory and the cash gap theory, the paper analyzes the cash flow of the company's operating activities and the cash flow of the financing activities in the past three years, such as the collection of accounts receivable and its proportion to the operating income, the financing cost, and so on. And the JHD company's organizational structure and cash flow management system implementation analysis. By summing up the above analysis, the author finds out the root cause of the problem and makes a deep analysis of the cause, and then puts forward some reasonable suggestions combined with the characteristics of the company itself. Based on the analysis of JHD Corporation, it is found that the organizational structure of the company group is relatively simple, the management consciousness of cash flow management is weak, the amount of accounts receivable is large and the collection is difficult, the financing channel is single, and the cash flow management system is also confused. Finally, for these problems of the company, this paper respectively put forward the corresponding suggestions, that is, to strengthen the cash flow management awareness of the company, to build a reasonable accounts receivable management system and information platform, Make the company's fundraising plan and enhance the ability to raise funds, develop a reasonable cash flow management system and improve the organizational structure of the company.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F406.7;F426.92

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