ANALYSIS OF ACCOUNTS RECEIVABLE AND IMPROVING THE MANAGEMENT PROCESS
Introduction. Management and analysis of receivables are of considerable importance for the operation of the enterprise. Considering the financial situation of the enterprise it is advisable to study the dynamics, composition, structure, as well as reasons, terms of existence and limitation of the creation of receivables. It is clear that regardless of the reasons of receivables, it is impossible to avoid it, so the company needs to look for ways of effective Receivables management, in particular, accounting improvement and efficient system of internal economic control, etc.
Purpose. There is a scientific substantiation of the necessity of analysis of accounts receivable at the level of production enterprise and analyze the dynamics of accounts and structure of receivables of the enterprise summarizing the experience of modern scientists.
Methods. When writing the article and for reliability of conclusions and results the following methods were applied: systematic approach – to define the essence and content of socio-economic categories: "Receivables", "calculations", "debtors", "control" and Other, analysis of the special impact of receivables on the enterprise, as well as analysis of consequences arising from violation of normal turnover of funds in the enterprise, method of observation – investigation of payment process or write-off of receivables Documentation regarding receivables for goods, works and services.
Results. Analysis of receivables Warehouse begin with overall estimation of its size dynamics in general and in the context of articles. At this stage, there are no amounts of receivables that are unrealistic for foreclosure. If such amounts are present, it is necessary to take steps to correct them. External analysis of settlement status with debtors is based on data of form No 1 «Balance». For internal analysis using Analytical Accounting data is used for generalization of information about calculations with debtors. Analysis of receivables structure of production enterprise showed that the biggest share of each year accounted for receivables from internal settlements, in particular in 2015, it was 75.37%, in 2016, 2017 рр. – Accounts receivable from internal settlements accounted for 68.35%, 56.40% respectively. Analytical Accounting data indicate the growth of receivables from internal settlements explain the increase in loan issuance to employees of the enterprise. Analytical Accounting data indicate the growth of receivables from internal settlements explain the increase in loan issuance to employees of the enterprise. In second place there is commodity accounts receivable, which in 2016 is the highest value-27.78%, and in 2015 – the lowest value (13.81%). The following tasks are solved in the process of debtor's debts management:
– Determination of the amount of investment in receivables on commercial and consumer credit;
– Formation of principles and conditions of credit policy in relation to buyers of products; – determination of potential debtors;
– Provision of encashment Receivables;
– Speeding up payments with the help of modern forms of receivables refinancing.
In fact, it is not enough that the amount of receivables do not exceeded the amount of the Accounts payable. After all, an enterprise is obliged pay in its debts to the creditors irrespective of whether it receives debts from its debtors or not.
Originality. The criterion was found, in which the growth of accounts receivable for goods, works and services will not outpace the growth of net proceeds from the sale of provided services. Under such conditions, the company will maintain its solvency.Conclusion. In order to manage the receivables on the enterprise, it is necessary to use the Receivables Management system, which will include such measures as credit policy and payment management methods. Introduction of the debtor's debt management system into the production enterprise will allow to manage the current accounts receivable efficiently, while avoiding those transformations to other types of receivables. Which lead to deterioration of the financial condition of the enterprise.
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