Research On The Account Receivable Internal Control Of BS Corporation

Accounts receivable internal control are important mechanism to strengthen cash flow,improve capital efficiency and ensure the safety of funds flowing.In recent years,with the development of market economy and the implementation of commercial credit,there is a significant increase in many enterprises accounts receivable management cost,opportunity cost,bad debt losses and the amount receivable,which have been eroded enterprise's operating profit,research on the account receivable internal control has become a key problem in enterprise internal control activities.Since 2012,the State-owned Assets Supervision and Administration Commission of the State Council(SASAC)and the Ministry of Finance have issued a series of relevant documents to accelerate the central enterprise internal control system.In this background,our research on accounts receivable internal control of country state-owned enterprise is important.The research object of this paper is BS Corporation,a state-owned oil equipment manufacturing enterprises,BS Corporation has built a relatively complete system of account receivable internal control,and bad debt risk has a certain sense of control.But in the actual credit business,since external demand market changing,international crude oil prices fell cliff-style,defects of account receivable internal control and so on,the risk of bad debts have occurred.Therefore,it is necessary to research on the account receivable internal control of BS Corporation and balance the corporation to carry out business credit and accounts receivable,the company could promote healthy credit sales.Through the exploration and study on BS Corporation accounts receivable processes and internal control system,the internal control theory is applied to BS Corporation accounts receivable business activities.Through field investigation,expert interviews,questionnaire surveys and other research methods,using AHP and fuzzy comprehensive analysis,we explore implementation effect of the internal control system.Although research on the account receivable internal control,especially in research equipment manufacturing industry need to be further improved,according to the COSO framework,we can find the key to the problem of control deficiencies at all levels,make specific improvements,build customer credit assessment system and improve accounts receivable internal control processes to achieve the purpose of the study.