In the process of financial management risk assessment of coal enterprises, we must pay attention to the influencing factors such as working capital management, accounting information system and internal audit control, and monitor financial risks based on key control points.

abstract:

In the process of continuous development of coal enterprises, financial risks are accumulating, and effective management of financial risks has become an inevitable content in the development of coal enterprises. This paper mainly analyzes the external characteristics and causes of current financial risks of coal enterprises, and discusses how coal enterprises deal with financial risks. Ensure that coal enterprises can correctly understand the impact of financial risks on enterprise management, improve the financial management mechanism of enterprises, maximize the economic benefits of enterprises and promote enterprise development.

Key words:

Coal enterprises; Financial risk; management measure

In the financial activities of coal enterprises, due to various unpredictable and controllable external factors, financial risks appear, which will make the actual financial benefits of enterprises differ greatly from expectations. Financial risk is an inevitable problem in the operation of coal enterprises, which is caused by many factors and conditions. How to manage and control financial risks without taking effective measures in time will seriously restrict the improvement of financial level of coal enterprises. Therefore, in the daily financial management of enterprises, effective prevention of financial risks plays a vital role in the development of coal enterprises.

First, the reasons for the formation of financial risks in coal enterprises

1. High debt management of coal enterprises

Financial risks appear in the process of increasing the debt of coal enterprises. If the debt situation cannot be handled in time, it may lead to the closure of coal enterprises. Compared with equity capital, corporate debt has the function of tax deduction, which can reduce the tax burden level of enterprises to a certain extent and promote the growth of the overall value of enterprises. Therefore, debt management is also an effective measure for financial operation management of coal enterprises. However, in the process of debt management, if the debt amount and debt term structure cannot be effectively arranged, it will cause huge losses to the operation of media enterprises, which may lead to the failure of coal enterprises and even the risk of bankruptcy.

2. Coal enterprises operating cash flow difficulties

There are great difficulties in fund management of coal enterprises, and problems in the process of fund circulation will lead to financial risks of coal enterprises. Without enough cash to ensure the cash flow of coal enterprises, coal enterprises may be unable to repay huge economic debts, and the possibility of financial risks increases. If there is a cash flow problem in coal enterprises, it will also be seriously affected in material procurement and equipment maintenance, which will lead to the risk of coal management.

3. Investment mistakes and business failures

In the course of operation, coal enterprises not only operate the coal industry, but also invest in many non-coal industries. Although this diversified operation can disperse the risks of coal enterprises to a certain extent, the diversified operation mode will directly expand the business scope of enterprises and often lead to investment mistakes. Therefore, if coal enterprises blindly invest in non-coal industries, it is easy to fail in operation, the motivation for the survival and development of coal enterprises will be lost, and the debt capacity of enterprises will drop sharply, leading to the plight of coal enterprises.

4. Complexity and variability of the environment

There are many underground projects in coal enterprises, and there will be great security risks in the process of operation and production, and many underground environmental factors can not be controlled artificially, which increases the difficulty of safe operation of coal enterprises. Once an underground safety accident occurs, it will not only lead to a large outflow of cash flow of coal enterprises, but also lead to a decline in the financial risk management ability of coal enterprises.

Second, the coal enterprise financial risk management countermeasures

1. Improve the adaptability and adaptability of coal enterprises to external environmental changes.

The external environment of financial management plays a vital role in the operation of coal enterprises. Therefore, in order to prevent the financial risks of coal enterprises, coal enterprises must conduct scientific analysis and research on the external environment of financial management, master the laws of changes in the external environment, formulate various risk response measures, and timely adjust plans and measures according to the external environment to maximize the adaptability and resilience of coal enterprises to changes in external environmental conditions. And improve the internal financial management system according to the changes of the external environment, and equip with high-quality financial management talents to ensure the effectiveness and order of the financial operation of coal enterprises.

2. Establish and improve the financial risk control mechanism of coal enterprises.

First of all, we should establish the control mechanism of financial risks before, during and after, analyze the risks that may be hidden in financial management, and ensure that effective measures can be taken to control risks in time when risk events occur. And can use all kinds of vouchers and bills to make qualitative and quantitative analysis of the financial risks in the business activities of coal enterprises. Post-event control is the experience of risk control in the operation of coal enterprises, which ultimately produces the theoretical basis of financial risk management and plays a guiding role in future financial risks. Secondly, it is necessary to establish a financial risk early warning mechanism to deal with sudden financial risks in a timely manner, so as to prevent them before they happen.

3. Moderate debt and keep the dynamic optimization of capital structure.

Coal resources are cyclical, so the operation of coal enterprises will fluctuate. In order to avoid financial risks caused by fluctuations in operating conditions, financial managers of coal enterprises must make correct financial operation judgments, choose appropriate financial behaviors, and rationally arrange debt maturity structure and interest rate structure according to the dynamic operating conditions of enterprises.

4. Choose adaptive risk management strategy

(1) risk avoidance strategy

Coal enterprises should scientifically examine their own risk tolerance and risk management capabilities, carefully choose the non-coal business projects they invest in, prevent the phenomenon that the non-coal business projects are too large and difficult to operate, fully demonstrate the non-coal industries that have decided to invest, scientifically evaluate their possible financial risks, and implement professional business management procedures to manage non-coal industry projects. For projects with obvious risks, coal enterprises should avoid investment if the risk degree is beyond the tolerance of coal enterprises.

(2) Risk transfer strategy

The main way of risk transfer is business outsourcing, which can effectively transfer financial risks to insurance companies. If there is a safety accident in the operation of coal enterprises, the insurance company will pay for the losses of coal enterprises. Coal enterprises can also entrust specialized agencies to operate and manage venture capital projects. If coal enterprises want to effectively implement the risk transfer strategy, they must sign financial contracts with stakeholders to clarify the sharing of financial risk responsibilities.

(3) Risk assessment strategy

Financial risk management needs a scientific evaluation system. For example, the commonly used key index system management method, analytic hierarchy process and other methods to build a relatively perfect internal financial risk assessment of colleges and universities. In the process of financial management risk assessment of coal enterprises, we must pay attention to the influencing factors such as working capital management, accounting information system and internal audit control, and monitor financial risks based on key control points. Establish a scientific authorization and approval system for monetary fund business and improve the approval system for capital investment. We should control financial management from many aspects, such as the flow of funds, improve the evaluation system of financial control management, and pay attention to the income and expenditure of funds from many angles in order to better evaluate whether there are risks in its funds.

Third, the conclusion

To sum up, financial risk is an inevitable problem in the operation of coal enterprises, and there are many factors that cause financial risk. Therefore, coal enterprises should analyze the causes of various financial risks, take effective measures to improve their adaptability and adaptability to changes in the external environment, establish and improve the financial risk control mechanism of coal enterprises, moderately debt, maintain the dynamic optimization of capital structure, and deal with the financial risks of enterprise operations.

References:

Guo Yun, Li Hongmei. Causes and management countermeasures of financial risks in coal enterprises [J]. Coal Economic Research, 2005, (7): 49-50.

[2] Du. Financial risk of coal enterprises and its prevention [J]. Inner Mongolia Science and Technology and Economy, 2007, (16): 28-29.

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