外文翻译对企业财务风险的预警和控制

1、译文内容Onthecorporatefinancialriskearlywarningandcontrol（对企业财务风险的预警和控制）译文出处2010InternationalConferenceonFutureInformationTechnologyandManagementEngineeringOnthecorporatefinancialriskearlywarningandcontrolLiuJingzhongEconomicandtradedepartmentShangQiuPolyltechnicShangqiu,HenanProvince,Chinasqzyljz@sina.com;Abstract-Financialriskthatafirmwillbeunabletomeetitsfinancialobligations.Thisriskisprimarilyafunctionoftherelativeamountofdebtthatthefirmusestofinanceitsassets.Ahigherproportionofdebtincreasesthe。

2、likelihoodthatatsomepointthefirmwillbeunabletomaketherequiredinterestandprincipalpayments.Earlywarningandcontrollingfinancialriskseffectivelycanprovideasafeandsteadyoperatingenvironment.Thispaperbelievethatthroughanalyzingthefinancialsituation,preparingthecash-flowbudget,establishingthefinancialriskindexsystemandcomputationalmodeltowarnearlythefinancialrisk.Ontheotherhand,throughestablishingeffectivecapitalstructure,selectingcorrectfund-raisingmethodsandkeeptheassetshighlyliquidtocontrolthefinan。

3、cialriskeffectively.Keywords:IndexTerms-financialrisk;earlywarningindex;controleffectively1.INTRODUCTIONWhatisfinancialrisk?Thefinancialriskisfinanceachievementandtheriskoffinancialstanding.Thefinancialriskseparatesthenarrowsenseandthebroadsense.Thenarrowsensefinancialriskisfallenintodebtthecausablebythebusinessenterprise,concretelysaytomeanbusinessenterprisebecauseoflendfundsbutincrementoflosethepossibilityoftheabilityofrepayingdebtandthevariabilityofthebusinessenterpriseprofits(shareholderinco。

4、me);Thebroadsensefinancialriskmeansthefinancesystemofbusinessenterpriseinobjectiveexistenceofbecauseofvariousfactorfunctionthatishardorcannotanticipateandcontrol,makebusinessenterpriserealizationoffinancialincomeandexpectationfinancialincomeoccurrencedeviatefrom,asaresultsufferalosingopportunityorpossibility.Inthispaper,financialriskreferstothatbecauseoftheunreasonablestructureandinappropriatefinancing,companiesmaylosesolvency,whichwillleadtothedeclininginexpectedreturnandevenbankruptcyofinvesto。

5、rs.Howdoesfinancialrisk?Financialriskarisesthroughcountlesstransactionsofafinancialnature,includingsalesandpurchases,investmentsandloans,andvariousotherbusinessactivities.Itcanariseasaresultoflegaltransactions,newprojects,mergersandacquisitions,debtfinancing,theenergycomponentofcosts,orthroughtheactivitiesofmanagement,stakeholders,competitors,foreigngovernments,orweather.Intoday'ssociety,debtmanagementisanecessarybusinessstrategyforcorporate.Throughdebtmanagement,corporatecanmakeuptheshortageofe。

6、quityfund,andearnprofitbyusingloanfund.Thefundneededinproductionandmanagementgenerallycomefromtheissuedshares(orotherequityfunds)anddebt.Inwhich,theinterestburdenofdebt(includingbankloans,issuedcorporatebonds,andtradecredit)isdefinite.Ifdebttakesupahighproportioninthetotalfundofthecompanyorthecompany'sprofitrateislowerthantheinterestrate,thenthedistributableprofitofshareholdersisreduced,thedividendisdecreased,andtheriskofstockinvestmentisincreased.Forexample,whenacompany'sprofitrateonfundis10%an。

7、dthecorrespondinginterestrateofcompany'sloanortheinterestrateofissuedbond'faceis8%,theinterestincomeofshareholderswillbehigherthan10%;ifacompany'sprofitrateonfundislowerthan8%,thecompanywouldberequiredtopayloansorbondsinterestby8%,theincomeofcommonshareholderswillbelowerthanprofitrateonfund.Infact,thefinancialleverageresultingfromcompany'sfundraisingislikeadouble-edgedsword,andwhentheinterestrategeneratedbyfundraisingishigherthaninterestrate,itwillbringgrowtheffecttoshareholders'income;otherwise。

8、,itisthefinancialriskofincomereduction.Corporateusuallyencounterawidevarietyoffinancialrisksinproductionandmanagementprocess.Becauseoftheexistenceoffinancialrisks,corporateareverydifficulttoachievetheinitialfinancialbenefits,andsomeoffinancialrisksmayeventhreatenthenormaloperationandproductionofcorporate.Atpresent,insomecorporate,financialrisksarenotreceivedtheattentionfromthemanagement,thenhowcouldcorporatepredictpotentialfinancerisksandhaveaneffectivecontrolonthemafterdiscoveringfinancialrisks。

9、?2.EARLYWARNINGINDICATORSYSTEMOFFINANCIALRISKThefinancialriskidentifiesismanagetothefinancialriskcontentsbeforethedisadvantageousriskjustappearedorappeared,identify,withaccurateheldvariousfinancialriskofsignalanditcreationreason.Thefinancialriskearlywarningwantsbeforethefinancialriskphysicallytakesplaceandcatchesandkeepswatchonvarioussmallevidencetochange,withbenefitpreventionandforadoptanappropriatecounterplantofightfortime.Thegroupwantstobuildupaperfectinformationmanagementsystem,oncediscoveri。

10、ngfinancialrisksignal,theabilityBeaccuratetospreadintoamainpersonnelintime,inordertopreventcircumstancesofgraduallyextension.Toeffectivelypreventfinancialrisks,corporateshouldtakesomemeasuresandestablishearlywarningindicatorsystemforfinancialriskanalysis.2.1AnalyzethechangeincomelevelstotimelydetectrisksignalsCorporateearningsinclude3levels:operatingincome,regularincomeandperiodicincome.Operatingincomemeanstheremainingnetincomedeductingoperatingcosts,managementcost,salecost,taxandotheradditionalc。