Research On The Evaluation And Control Of Accounts Receivable Risk Of K Construction Company

In the course of China’s development,the competition for the position that companies occupy in the international arena is intensifying.In order to expand the market and enhance the competitive advantage,pre-sales and credit sales are gradually becoming an inevitable trend in the development of enterprises.In a sense,such a model can provide K Construction with shortterm benefits,thus increasing the chances of K Construction winning successful bids,but if poorly managed and unsound,it can easily lead to the accumulation of bad debts and increased capital risk,which seriously reduces the liquidity of capital and hinders the normal operation of K Construction,impeding the healthy development of the company.Data shows that since 2010,the total accounts receivable of domestic companies have increased year by year,with an average annual increase of more than 15%in recent years.Therefore,it is particularly important for K Construction Company to evaluate and control its own accounts receivable in order to reduce credit risk and promote healthy,long-term growth.Based on the general knowledge base and theoretical overview of accounting,by selecting the financial data of K Construction Company from 2017 to 2021,we analyzed the business situation of K Construction Company,the current quality status of accounts receivable and,the risk evaluation and control measures taken by the company,and clarified the current problems of risk evaluation and control related to K Construction Company’s accounts receivable:it was found that K Construction Company’s accounts receivable risk evaluation system was not The risk evaluation system of accounts receivable of K Construction was found to be imperfect,lack of independent credit management department,poor collection situation,and unreasonable organizational structure and responsibility allocation.Therefore,based on the theory of comprehensive accounts receivable management,the risk evaluation system of K company was optimized,and the expert survey method and literature research method were used to identify the accounts receivable risks of K construction company:business environment change risk,customer credit risk,total loss of control risk,overdue risk,and system risk;then,indicators were selected from these five risk dimensions,and the hierarchical analysis method and fuzzy comprehensive evaluation method were used to evaluate the current accounts receivable risks of K Finally,based on the evaluation results of accounts receivable risk,we construct an optimized accounts receivable risk control plan for Company K:on the one hand,we construct an early warning system for accounts receivable risk,and on the other hand,we formulate a corresponding risk defense plan.While reducing the risk of accounts receivable for Company K,it also provides a certain degree of reference experience for other construction companies.