Research On The Risk Control Of Accounts Receivable About YT Company

With the development and improvement of China’s market economic system，creditemerged as a marketing strategy and credit instruments. Credit can not only helpenterprises reduce inventory, but also helps enterprises expand the market share, increasemarket share. But at the same time,the risk of credit has become an important issue thataffects the normal operation of enterprises.In many industries,the accounts receivable ofcoal industry increase quickly. As of June2013,the accounts receivable of coal industryare330.8billion yuan.At the same time,the phenomenons that accounts receivable cannot be recovered and debts increased are extremely serious.Therefore, the risk control ofaccounts receivable is particularly important, how to combine theory with the actualsituation to find the methods of risk control is an urgent subject, the subject has strongpractical significance.According to the thinking of “ask question-analyze the reasons-solve theproblem”,the author selects YT company in coal industry as the research object，byelaborating the current situation of accounts receivable’s risk control in YT company, theauthor analyze the risk of accounts receivable,find out the reason of risk,and propose themeasures about accounts receivable’s risk control.The main contents are as follows:First, the introduction section.The paper mainly elaborates the background of theresearch，the purpose and significance of the research, domestic review literature,themethods and framework of the research.Second, the theory of the overview section. This paper describes the risk controltheory and internal control theory. This paper describes the key elements of internalcontrol: control environment, risk assessment, control activities, information andcommunication, and supervision. Risk control theory introduces the domino theory, thetheory of energy release, TOR theory and key risk control methods, such as riskavoidance, loss control, risk transfer, risk retention.Third, the risk of accounts receivables about YT company section. Firstly,the paperdescribes the YT company overview, secondly the paper introduces the risk control of accounts receivable in YT company, finally, describes the company manifestations ofaccounts receivable risks.Fourth, the reasons that YT company arise the risk of accounts receivables. Includemainly the internal control system in the part of sale is not perfect, the credit riskmanagement is not perfect, the daily management of accounts receivable is not in place.Fifth, the risk control measures for YT company’s Accounts receivable section.According to four main methods of risk control, combined with the specific situation ofYT company, we propose loss control and risk transfer in two ways. Loss of controlwhich includes accounts receivable prior, during and after the control, including the useof risk transfer instead of notes receivable accounts receivable, accounts receivablesecuritization, credit insurance and other methods.