A Study On Account Receivable Risk Control Of YN Company

In recent years,with the deep transformation of traditional enterprises and the upgrading of industries,a new form of economy is taking shape,which is known as Sharing Economy.As a typical representative of Sharing Economy,Car-Free Carries are booming.Meanwhile,along with the prosperity and explosive growth,this new form of economy also brings enormous risks in business operation.For example,overdue accounts receivable will lead to the shortage of liquidity,which causes tremendous cash flow crunch in enterprises' operation.In consequence,enterprises have to leverage to cover their operational cost,which will definitely raise enterprises' asset-liability ratio,and the risk of bad debt,together with the depression of efficiency.Even worse,enterprises will be impacted in the capital market and sinking into the dilemma of further financing.This paper analyzes the management of account receivable of YN company by using 3 Defense risk management system and COSO risk management integration-framework.Through the analysis of YN company's business model and current situation of its accounts receivable,and evaluation of accounts receivable risk,as well as the discussion about the causes of accounts receivable risks,this paper will try to work out a strategy of accounts receivable risk control,which is supposed to improve YN company's efficiency.Meanwhile,the research results of this paper can provide reference for other enterprises in the Car-Free Carrie industry.