Research On Accounts Receivable Management Of S Compan

S company is mainly engaged in the construction,commissioning,and maintenance of power transmission and transformation projects.Over the years,it has continuously innovated in the management system and has established a relatively mature management system.However,as a state-owned power construction company,the management of accounts receivable has always been the weak underbelly of S company.In particular,under the impact of the new crown pneumonia epidemic in recent years,the shortcomings exposed by the management of S company’s accounts receivable have become more obvious.The bad debt risk faced by accounts receivable is very serious.If it is not reversed,it will have a serious impact on the stable operation of S company.This paper uses statistical analysis methods to analyze the quality of S company’s accounts receivable,interviews with experts,and designs questionnaires based on the quality of accounts receivable and the results of expert interviews,using questionnaires investigation method discover the problems in S company,explores the causes of the problems,and puts forward a targeted improvement plan for the management of S company’s accounts receivable,and further provides supporting measures.The main work of this paper and the conclusions obtained from the research are as follows:(1)The quality of S company’s accounts receivable is not optimistic.Statistical analysis of relevant data from 2016 to 2020 found that the growth rate of S company’s accounts receivable is on the rise,the proportion of current assets has risen slightly,the turnover rate has decreased,and the recovery rate of long-aged accounts receivable has continued to be low.And the concentration of accounts receivable increased significantly.(2)Through the questionnaire survey,it is found that the management of accounts receivable of S company mainly has the following problems: first,the accounts receivable management organization is not perfect,and the powers and responsibilities are not clear;second,the credit authorization of accounts receivable is not standardized and the review mechanism is not strict;The third is the single dunning method of accounts receivable and the lack of dynamic supervision;the fourth is the low degree of information management of accounts receivable.(3)The cause of these issues is multifaceted.One is that the managements lacks of attachment;the second is the lack of professional knowledge of accounts receivable management;the third is the lack of incentives and restraint mechanisms related to the management of accounts receivable;the fourth is the funds for the construction of accounts receivable management information system insufficient.(4)Proposed the optimization plan of S company’s accounts receivable management to solve the problems of S company’s accounts receivable management.The core content of the optimization plan is as follows: first,set up a dedicated leadership management team to clarify the authority and responsibilities of the department;second,standardize credit authorization,and strictly review the mechanism;third,innovate the method of dunning,and establish a dynamic monitoring mechanism for accounts receivable;fourth,strengthen the information management of accounts receivable.(5)In order to ensure the smooth implementation of the optimization plan,this paper also proposes supporting safeguard measures.First,combine the awareness of account receivable risk management with corporate culture;second,strengthen the training of practitioners’ professional knowledge of accounts receivable;third,establish an incentive and restraint mechanism for accounts receivable management;finally,increase capital investment in information management of accounts receivable.