A Case Study Of Internal Control Problems Of Accounts Receivable In Y Enterprise

In the market economy environment,the enterprise competition is increasingly fierce.In addition to improving product quality and service level,more and more enterprises are using credit sales to compete for customers and expand the market.The use of credit sales will bring a lot of accounts receivable,a creditor's right to collect money from customers.Accounts receivable management will improve the operation cost of enterprises.Once bad debts happen,it will not only make enterprises lose profits,but also make enterprises waste their costs.Internal control is the product of the development of enterprise operation and management to a certain stage.It is the inevitable requirement of scientific management and the guarantee for long-term healthy development of enterprises.Internal control covers all aspects of enterprise management.In the whole enterprise internal control system,the internal control of accounts receivable is part of the internal control of sales and receivables,and is a critical part of internal control.Y enterprise,founded in 2005,after more than 20 years of development,became the well-known enterprise in the field of freight forwarding in the Yangtze River area.In 2016,it was acquired by Z group,a listed company of Shenzhen Stock Exchange,and became one of the core members of Z group.Through the field investigation of Y enterprises,using the theory and method of internal control,the paper analyzes the internal control of accounts receivable of Y enterprises from the five elements of internal control.First,through data collation and analysis,we find out the problems of accounts receivable management in Y enterprises in aspects of the accounts receivable turnover efficiency,accounts receivable bad debt loss and accounts receivable fund occupation.Combined with the theory of internal control,this paper analyzes the problems of internal control of accounts receivable and the reasons for this problem.Then the corresponding countermeasures and suggestions are put forward for the problems of Y enterprise.This paper proposes that the two parties should reasonably negotiate and adjust the organizational structure,set up departments scientifically,and make clear the roles and responsibilities of each departments in the management of accounts receivable.To stabilize people's minds,retain and cultivate professional talents in internal control of accounts receivable.Through strategic transformation,we should expand professional and deep logistics business and improve the quality of accounts receivable.By strengthening the publicity and training of employees,employees can have a sense of crisis and risk,and have the ability to identify accounts receivable risks.To formulate the corresponding system,define the method,requirement and cycle of risk assessment.In advance,we should strengthen customer credit evaluation,establish customer files and establish credit policies.In the event,we should strengthen the classification and analysis of accounts receivable,grasp the customer information in time and use the logistics operation methods to restrict.Afterwards,we should strengthen the collection of accounts receivable and adopt legal means at the right time.By improving the logistics operation process,the payment delay behavior of customers will be restricted.To strengthen the communication between the managers appointed by the large shareholders and the old employees of the Y enterprise is necessary.We should promote the communication between the departments so that they can work together to carry out the effective control of the accounts receivable.Measures should be taken to strengthen the construction of information system and promote compatibility of new and old systems.Z group needs to strengthen the professional guidance of internal control of accounts receivable,and Y enterprises urge the board of supervisors to perform their functions.Y enterprises should consider the establishment of the internal control committee and other organizations to strengthen the internal control construction of the accounts receivable,regularly implement the self-evaluation of the internal control of accounts receivable,improve the approval process of the sales contract,and strengthen the audit and supervision of the credit policy and other provisions of the various departments.