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A Study Of Credit Management Company Receivables Based On Risk Avoiding Mechanism

Posted on:2015-03-21Degree:MasterType:Thesis
Country:ChinaCandidate:S L ChenFull Text:PDF
GTID:2309330422484844Subject:Business administration
Abstract/Summary:PDF Full Text Request
With the global economic development,the relationship between supply and demand in themarket promotes competition and commercial enterprises to survive, remaincompetitive.To seize a larger market share,many companies have adopted ways to expandsales on credit, because in this area any other settlement credit has unmatchedadvantages.And with the emergence of credit,accounts receivable came into being. Goodgovernance receivables, has become an important part of corporate financialgovernance.Good governance receivables,in order to ensure higher sales profit companieswith reasonable advance cash flow,and improving credit and financing capacity;accountsreceivable bad governance,corporate debts,bad debts will increase significantly,assuminglong-term does not improve,the company’s cash flow will face depletion,so thatenterprises in financial trouble,will ultimately affect the sustainable development ofenterprises.Combined with the company’s actual H, credit management companies in the domesticand international trade should be based on the results of theoretical studies. First of alloutstanding issues HS receivables management company in existence and causes ofin-depth research and analysis, pointing out its problems are: lack of creditmanagement department, ignoring prior credit check; a single corporate governancestructure, lack of effective checks and balances; bills receivable delay recovery,business processes to be standardized;risk Assessment content is simple warning systemneeds to be strengthened;(accounting concurrently collection personnel,methods needto be improved efficiency and other issues. There are reasons for the formation of theabove problems of the industry to external causes and internal causes. To solve the aboveproblems in the establishment of a suitable HS accounts receivable risk preventionmechanism is engaged before, during, things later inspection governance policiesimplemented to reduce the credit risk of accounts receivable:pre-established creditmanagement department, improve credit evaluation system;things comprehensivelyregulate business operations, the establishment of risk early warning system; after thestrengthening of accounts receivable collection and tracking, improve corporateoversight system.Through the analysis and research of this article, I hope to make thecompany’s accounts receivable HS situation improved, while the small and mediumsized logistics companies improve our accounts receivable management has certain reference....
Keywords/Search Tags:Credit management, Accounts receivable, Risk prevention
PDF Full Text Request
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