Study On Receivable Risk Control Of BSG Company

As fast globalization of economy and rapid development of market economy in china,the domestic market and international market are integrated with each other and the competition between enterprises are becoming extremely intensive.In order to strength competitiveness,enterprises are enlarging the manufacturing capacity and the market share.In one hand,it will lead to the excess production capacity,which is not match with the market demand.In another hand,it will also urge the traditional seller market become the buyer market.Under this circumstance,a plenty of enterprises are trying many methods such as increase the sale revenue,expand the sales,reduce inventories,occupy the market share by means of selling on credit,that cause a mass of accounts receivable.Although selling on credit could increase the sales revenue and build the market share in some certain degree.Due to the credit system of our country start late,the rules and economic system are not complete and the management is not standard,so it has a serious of credit deficiency and growing number of nonperforming loans,which will influence the normal running and occupy a mass of working fund between enterprises.This article takes BGS as its research object.As a leading enterprise of equipment manufacturing,BGS has a certain representative role in the industry and could reflect the overall problem of the industry.Combined with the relevant literature at home and abroad and based on the investigation of BGS operating condition and identify the risk from its accounts receivable amount,accounts receivable liquidity and daily management of accounts receivable,as well as analyzed its risk and control of accounts receivable.This article summed up the problem and loopholes of accounts receivable risk &control.According to the company's own operating condition and some cases,this article have made some suggestions on improvement of accounts receivable risk system,customer credit assessment system,sales assessment,establishment of internal accounting system and the risks transfer,which can help the company on achieve its goal on optimize enterprise accounts receivable management,reduce the risk of accounts receivable.