The Research On Risk Management Of Accounts Receivable Of Large State-Owned Shipping Enterprise

With the accession to WTO, the discrepancy and competitive leeway of enterprise products and service in quality and price are getting narrower and narrower; therefore, convenient settlements are gradually attracting customers and then will be applied as an important means to improve company's competition. As to this, most large state-owned transportation companies, to increase goods volumes and maximize profits, have adopted the form of selling on credit widely in confrontation with stiff international competition. However, many debtors can't pay transportation expenditure timely and wholly, which cause that companies can't retake account receivable in time, lots of bad debts arise, operating fund is appropriated and the liquidity and availability of assets are to low. Therefore, liquidating and profiteering capacity of companies will be affected and restricted, and characteristic resource integration advantage and managing coordinative effect will disappear.At present, the characteristics of globalization are getting more and more distinct, and the transportation industry has been affected most severely. However, large state-owned transportation companies transformed from planning economy, in internal risk management and monitoring of account receivable, still lag behind when compared with top transportation companies in developed countries. How to control and manage risks successfully has become a great challenge to transportation enterprises.In addition, few enterprises, familiar with risk management can be found to date. Still rare are large state-owned transportation companies that set up and implement canonical risk management system of account receivable. Meanwhile, our country still has not issued any risk management regulations for companies'reference. Therefore, aimed at inherent characters in mid-large state-owned transportation companies, it is of great importance to improve operation and promote international competition for large state-owned transportation companies through making research on the foreseeable mode and system of risk management of account receivable and improving and strengthening the risk management of account receivable.Based on combination between the practice and the theory, the text, with the case of China Shipping (Group) Company being cited, through the experience and lesson of risk management of account receivable, has combined qualitative and quantitative analysis on the basis of actual operation of our large state-owned transportation companies in the theory of risk management basics. Meanwhile, the text also has provided actual case analysis of risk management system and concrete operation methods of account receivable in the Group. The writer hopes that the text will shed light on our state-owned risk management of account receivable. However, the writer has not experienced real situation practice, the text might contain errors and discrepancies. It still can enlighten the reader, for it makes research on and tries at the topic.