| As a quick moving asset of an enterprise,accounts receivable are also an indispensable part of its working capital.Whether an enterprise has implemented effective internal control over accounts receivable will directly affect the turnover ability of the enterprise’s working capital,especially if accounts receivable cannot be recovered on schedule,which will lead to a shortage of capital costs and a continuous increase in the balance of accounts payable upstream of the supply chain.This means that while reducing the enterprise’s operating capacity,it will also affect the enterprise’s own reputation for upstream enterprises,Ultimately,it hinders the sustainable development of the enterprise.Therefore,starting from internal control has become a necessary measure for enterprises to strengthen the management of accounts receivable.CL Company is an enterprise engaged in the research,production,sales,and related technical services of petroleum pipes(tubing,casing),precision composite strips,and precision alloy materials.There are still some problems in the internal control and management of accounts receivable,which to some extent restricts the company’s sustainable operating ability.This article takes CL Company as the research object,and applies the internal control theory and the characteristics of internal control of accounts receivable to study the existing problems and improvement plans of its internal control of accounts receivable.Firstly,the relevant theories of accounts receivable and internal control are sorted out;Then,it analyzes the current situation of internal control over accounts receivable of CL Company,including company profile,organizational structure,business situation,accounts receivable and its internal control status;Then,through interviews and walkthrough tests with CL,it was found that the main problems in its internal control of accounts receivable include poor internal control environment,inadequate risk assessment mechanisms,non-standard internal control activities,lack of efficient internal control information communication methods,and lack of a sound supervision system to ensure the existence of five issues.Finally,based on the theory of five elements of internal control,this paper proposes improvement plans and safeguards for the problems in the internal control of accounts receivable of CL Company.The research in this article helps to improve and improve the internal control system of CL Company for accounts receivable management.At the same time,it has important significance for improving the company’s risk prevention ability,effectively preventing asset loss,improving the company’s actual rather than book operating performance,and maintaining its own reputation level.It also has reference significance for other enterprises with similar problems to improve their internal control systems. |
