Research On Improvement Of Interal Control Of Accounts Receivable Of Company A

In the context of increasingly fierce market competition,companies have adopted credit sales as their main marketing tool in order to increase market share and improve market competitiveness.However,while expanding sales,the drawbacks are gradually becoming obvious.Due to the lack of internal control of accounts receivable,it has brought certain pressure to the company’s capital turnover,and even bad debt losses have caused serious negative impacts.Therefore,strengthening the internal control of accounts receivable has become an important issue that enterprises with credit sales as the main marketing means urgently need to solve.Based on a systematic review of the related research on the internal control of accounts receivable,this paper analyzes the influencing factors and design ideas of the internal control of accounts receivable by using the company’s credit management theory and principal-agent theory.Through field investigations,it was found that Company A’s credit sales scale has been expanding in recent years,which makes the accounts receivable high.In the process of internal control implementation,the risk assessment process is not implemented as required,and there are no control measures and accounts receivable for credit sales.The internal supervision is not effective,and the main reason for these problems is that the internal environment construction of Company A is lagging behind.The specific performance is: the establishment of credit management department,lack of assessment of reconciliation of accounts,and the existence of corporate culture with light performance and light risks.In response to these problems and reasons,the improvement measures proposed in this paper are to strengthen the organizational guarantee of accounts receivable,standardize the risk assessment process of accounts receivable,formulate control measures suitable for the characteristics of credit sales,and implement internal supervision of corresponding accounts receivable.The countermeasures can provide a solution for A company to improve the internal control of accounts receivable,and also provide reference for the building materials sales industry to improve the management of accounts receivable and reduce the risk of bad debts.