Research On Accounts Receivable Management Of HG Company

In the macro-environment of the increasingly prosperous market economy in China,the competition for market share among many enterprises has entered the white-hot stage.In order to enhance their market competitiveness," advance payment" "credit sales" and other credit sales methods have become a common way for enterprises to expand the market and improve performance.There is no denying the fact that credit sales to the enterprise develop the market will produce important incentive,but if the credit is blind and unreasonable,it will bring enterprise financial on the surface of prosperity,when the credit of the accounts receivable scale beyond a certain range will seriously affect the enterprise capital turnover and the normal operation,hinder the healthy development of enterprises.Data statistics show that the scale of receivables of listed companies in China has been increasing year by year since 2010,and the amount has been increasing at an average annual growth rate of more than 15% in the past five years,reaching nearly 4.5 trillion yuan at the end of 2017.Due to the long construction time,large amount of project cost and complicated settlement process,the scale of receivables of construction enterprises is larger and more difficult to manage compared with other industries.Thus the construction enterprises should pay more attention to the management of accounts receivable,ensure that enterprises operating safety and flexibility of capital turnover.So this paper takes HG company which belongs to the construction industry as the research object.After reviewing and summarizing the existing domestic and foreign accounts receivable management theories,it selects the financial data of the enterprise in the past five years and analyzes the existing problems by combining the accounts receivable management system and management process of HG company.In the process of analysis,it was found that the enterprise credit management system is unscientific,the collection method of accounts receivable is single,and the assessment system of accounts receivable management is imperfect and so on.Therefore,combined with the comprehensive management theory,this paper puts forward targeted improvement countermeasures,including the development of scientific and reasonable credit policy and evaluation mechanism,flexible selection of receivables collection method and the establishment of constraints and incentives in the assessment system,in the hope that under the joint action of multiple countermeasures,HG’s accounts receivable management effect and quality will be improved,and at the same time provide some reference for other similar enterprises.