Efficient Administration of Accounts Receivable, Guided by the Company’s Financial Records
The significance of this study lies in the necessity of efficient accounts receivable management, utilizing both external and internal reports. This approach ensures the company’s profitability and mitigates the risk of bankruptcy. The study aims to develop strategies for effective accounts receivab...
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| Main Author: | |
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of Russian Federation, Financial University
2025-05-01
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| Series: | Учёт. Анализ. Аудит |
| Subjects: | |
| Online Access: | https://accounting.fa.ru/jour/article/view/695 |
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| Summary: | The significance of this study lies in the necessity of efficient accounts receivable management, utilizing both external and internal reports. This approach ensures the company’s profitability and mitigates the risk of bankruptcy. The study aims to develop strategies for effective accounts receivable management, leveraging accounting statements and specialized services, and to assess the impact of accounts receivable on key economic indicators through financial analysis. Research objectives include: a system to reduce accounts receivable proposal; methodological approach for implementing this system development; factors influencing accounts receivable composition and structure identification; the impact of accounts receivable structure, growth rate, and turnover on the company’s financial health evaluation; a strategy for cumulative accounts receivable management, considering each factor’s influence creation. The methodology employs general and specific scientific methods, a logical approach, balance sheet analysis, systematic thinking, and factor analysis. The company’s financial condition is assessed using accounts receivable restructuring and shortening repayment periods. The potential of banking solutions, such as factoring, to reduce overdue accounts receivable is also explored. The study’s results present a comprehensive system of measures for efficient accounts receivable management. This system integrates financial statement data and digital services. The considered accounts receivable control methods and their economic evaluation enable the development of a new indicator-based management methodology. This includes metrics like turnover of paid and total accounts receivable, the ratio of repaid accounts receivable, and others. These indicators enhance the monitoring system for debtor settlements, effectively manage accounts receivable, and devise debt collection strategies in economically unstable conditions. |
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| ISSN: | 2408-9303 2619-130X |