【正文】 x earlywarning indexes and limits when establishing the prewarning system. These indexes mainly involve earlywarnings in cash, the current ratio, debt, operation, credit, turnover, investment, cost, profit and environment and so on. There are two major patterns: the multivariate pattern and the singlevariate pattern. Enterprise are supposed to establish their own earlywarning systems with different patterns according to their reality. 5 Conclusion To sum up, a variety of elements related to enterprises’ external and internal conditions should be taken into consideration when they establish their financial strategies. Due to their different characteristics, small and mediumsized enterprises have to establish their own financial management strategies instead of copying those of the large enterprises. 。 third, financial strategies are not made based on their enterprises’ longterm goals and therefore have great randomness. Neglecting Strategic Environment Analysis and Having Unreasonable Strategic Financial Goals Strategic environment analysis is both the foundation of financial strategies and the guarantee for its implementation. It includes internal and external environment analysis with the former being the internal foundation and implementation basis for the establishment of financial strategies. At present, quite a lot of small and medium enterprises haven’t realized the importance of strategic environment for the establishment and implementation of financial strategies and accordingly failed to have proper analysis on their strategic financial environment especially its internal environment. As a result, their unpractical and unreasonable strategies have restricted the effective implementation of their financial strategies. Lessening the Role of Budgeting in Strategic Financial Implementation Budgeting mainly exerts its role in strategic financial implementation in two aspects. First, it further clarifies and specifies strategic financial ideas so as to be understood and conducted by all the staff. Budgeting can help to divide strategic goals into every section of an enterprise and even every employee. In addition, when implementing a task jointly, all sections an all employees will have better cooperation and munication with each other. Second, budgeting also provides a standard for an enterprise’s daily operation and performance. With a quantitative financial goal set in budget, the actual implementation can be pared with the budget to reveal the disparity between the goal and the reality and take effective countermeasures. Now, most small and medium enterprises in China have no systematic and plete budget system made up of sales budget, production cost budget, general indirect cost budget, loss and expense budge and cash budget and so on. Even if some have such a system, its shortage of careful budgeting and strict implementation also lessens the role of budgeting as well as the implementation of financial strategies. Problems in Enterprises’ Financial Management Now, some problems in small and medium enterprises’ financial management have also restricted the establishment and implementation of their financial strategies. Some main problems are as follows. Obsolete ideas, unclear duty division and disordered management. Enterprises have no idea of “corporatemanagement should be based on financial management and financial management should center on capital management。 文獻(xiàn)來源： 劉宗勝 , 中小型企業(yè)的戰(zhàn)略財(cái)務(wù)管理 [J].國際商業(yè)與管理雜志 . Literature sources:Zongsheng Financial Management in Small and MediumSizedEnterprises[J]. International Journal of Business and Strategic Financial Management in Small and MediumSized Enterprises Zongsheng Liu February 2021 Abstract: Along with the development of social economy and the progress of science and technology, Chinese enterprises are being in a stage filled with opportunities and dangers. This paper introduces the connotation and significance of strategic financial management, elaborates the problems in the financial strategies conducted by small and mediumsized enterprises together with the causes and proposes some countermeasures finally. Keywords: Small and mediumsized enterprises, Strategic financial management, Problems, Countermeasures The uncertainty of an enterprise’s financial environment fills its financial activities with risks. In addition to opportunities, quite a lot of dangers arise from time to time in its financial management. Therefore, it has bee thkey to the success of an enterprise’s financial management whether it can keep track of the trends of changes and absorbe what is useful while rejecting what is harmful. Strategic management ideas are significant in enterprises’ financial management since we must make efforts to analyze and grasp the general environment and development tendency of an enterprise and therefore to improve the adaptability, changeability and applicability of financial management to uncertain environment. Currently, over 10,000,000 small and mediumsized enterprises have passed the industrial and mercial registration, taking up 90% of the total enterprises in China. Accordingly, their strategic financial management is of particular importance, which is also the topic of this paper. 1 Introduction Strategic financial management refers to financial management theories according to which financing should be conducted in the most proper way, the collected capital should be utilized and managed in the most effective way in enterprises and dec