基于Z模型的贝因美公司财务预警研究 会计经济金融专业.docxVIP

中文题目： 基于Z模型的贝因美公司财务预警研究 英文题目： Research on Fnancial Early Warning of Beingmate Company Based on Z Model 摘 要 近些年，在国家提出以“严密高效、社会共治”作为食品安全治理体系的标准， 同时，“互联网＋”和“新零售”的模式落地。奶粉行业作为食品行业的分支，受到新模式的冲击，市场长期处于激烈的竞争中。要在竞争中立于不败之地，管控好经营中的各类风险尤为重要。，稍有不慎便会被淘汰出局，所以，对公司状况进行有效判断，及时发现并防范财务风险作为各类风险的重要因素之一，影响企业能否健康稳定的发展。为更好地研究奶粉企业财务风险状况，文章以贝因美公司作为研究实例，在分析财务风险的概念及特征、财务预警的方法理论的基础上，抽取贝因美公司从2015年到2019年这一期间的财务数据，把所需财务指标确定下来。在探究其财务指标过程中应用Z模型，得出最终计算结果。以此为基础，将X1-X5五个自变量与行业标杆企业进行对比分析，结合对企业筹资风险、投资风险、营运风险和盈利能力方面的具体研究，发现贝因美公司的经营业绩出现亏损，而且公司内部控制不健全、应收账款管理催收较弱、大量存货积压、 关键词：财务预警；Z-score模型；财务风险  Abstract In recent years, the state has proposed to take strict and efficient, social co-governance as the standard of the food safety governance system, and at the same time, the Internet + and new retail models have been implemented. As a branch of the food industry, the milk powder industry has been impacted by the new model, and the market has been in fierce competition for a long time. In order to remain invincible in the competition, it is particularly important to control all kinds of risks in operation. The slightest mistake will be eliminated from the competition. Therefore, the effective judgment of the companys situation, timely discovery and prevention of financial risks as one of the important factors of all kinds of risks, can affect the healthy and stable development of enterprises. In order to better study powdered milk enterprise financial risk situation, based on by the company as a case study, based on the analysis of the concept and characteristics of financial risk, financial early warning, on the basis of the method of theory for Mr For the company in 2015-2019 financial data screening, selection of relevant financial indicators, using the Z model, analyzes the financial risk and expand research. According to the calculation results of Z model, will X_1 - X_5 five independent variables and industry benchmarking enterprises were analyzed, combined with the enterprise financing risk, investment r