Research On Financing Scheme Of Accounts Receivable Of GY Company

With the development of economy,the market competition becomes more and more severe.The commodity market has changed from seller's market to buyer's market.Faced with such a market pattern,enterprises expand their sales by various means to enhance the competitiveness of products.Among them,such as credit sale,installment payment and so on are widely adopted by modern enterprises.In this context,enterprises,especially commercial circulation enterprises,inevitably produce a huge amount of accounts receivable.How to ensure the long-term stable development of enterprises under the situation of continuous growth of accounts receivable and insufficient cash return?At the same time,considering the regulatory requirements of State-owned enterprise for reducing the balance of accounts receivable,deleveraging and debt reduction in recent years,it is very necessary for enterprises with large amounts of accounts receivable to use accounts receivable financing.This paper adopts the literature method,combines the empirical analysis with the theoretical research.On the basis of consulting a large number of documents,it summarizes and collates the theory of the domestic and foreign academic research on the financing of accounts receivable,and carefully summarizes the concept,business operation process,methods and risks of the financing of accounts receivable.It has its own characteristics for different financing modes of accounts receivable.The advantages and disadvantages are summarized and compared.Firstly,this paper deeply analyses the industry nature,business structure and financial situation of GY Company,and understands that the rapid growth of business income leads to huge difficulties in realizing accounts receivable,which seriously interferes with the liquidity of enterprise operation.Combining with the analysis of the current financing situation of enterprises,it is concluded that enterprises can not rely entirely on increasing liabilities to finance,and there is a high level of financing in enterprises.The practical significance of financing accounts receivable is determined by the demand for capital and other issues.In the aspect of how to choose the financing mode of accounts receivable for GY company,this paper compares the actual financing efficiency of three different financing modes of accounts receivable for the enterprise through the method of fuzzy evaluation and analytic hierarchy process.According to the actual situation of GY company,it is determined that it is more appropriate for the enterprise to choose the financing mode of accounts receivable without recourse.At the same time,it carefully analyses the receivables of GY company.The key points that need to be paid attention to in the actual operation of account factoring financing are given,and some suggestions are given for enterprises to adopt the relevant safeguard measures of account receivable financing.In order to ensure the normal operation of enterprise's account receivable financing,the expected economic effects of the implementation of non-recourse account receivable factoring financing are compared.The results prove that recourse right of account receivable factoring financing is one of the most effective ways to ensure the normal operation of enterprise's account receivable financing.This method can effectively solve the problems of enterprises,and is more conducive to improving the economic efficiency of enterprises.Provide positive guidance for state-owned enterprises with similar status quo.