The Research Of SF Electronic Company On Account Receivable Internal Control

With the thriving of world economy and the development of science and technology,the world's connection is becoming more close and the integration of world economy is turning better.Competitions among enterprises are fierce,all walks of life have introduced a variety of marketing strategies,and credit strategy is used widely.Normally,enterprises expand their business,increase sales and expand market share in this way to achieve the goals of maximizing the value of the enterprise.With the wildly use of credit mode,management,analysis and control of accounts receivable seems significant.Under this situation,Enterprises should establish and improve the internal management system of accounts receivable,and the internal control work has become an important part of modern enterprise management.In 2008,China's five ministries jointly issued the "basic norms of internal control of enterprises".It stipulates that from July 1st,2009,the norms are implemented primarily in listed corporation and the country encourages unlisted large and medium-sized enterprises to implement the norms.This is another major reform of China's regulatory areas.Facing the new environment and new requirements,it is very important to design internal control system to meet enterprise requirements.The management of accounts receivable is an important part of the enterprise and should maintain a strict internal control to ensure the safety of accounts receivable.Accounts receivable is the key and the stability of cash flow and should be ensured to promote the sustainable and healthy development of enterprises.This article takes SF to be the research object,combined with the theory of internal control and credit risk,analyzing on the internal control of enterprise accounts receivable.Firstly,there is an overview on the overall situation of the enterprise.Through the historical data,problems like accounts receivable arrears,bad debts,the large proportion of bad debts will be summarized and listed,and the existing method of internal control of enterprise accounts receivable will be introduced.Secondly,based on the five elements of internal control,the article analyses the internal control environment of enterprise accounts receivable,credit risk assessment,accounts receivable control measures,information exchange and communication,internal supervision and inspection.Lastly,according to the analysed results of the internal control of accounts receivable,the improved project will be made still based on the elements of internal control.Accounts receivable becomes more and more important on the survival and operation of enterprises,which directly affects the cash flow and even the fate of the enterprise.The improved internal control system of accounts receivable can help reduce the risk,guarantee the enterprise capital operation,provide strong safeguard to sustain the enterprise development.