Management of receivables at construction enterprisess

Moskaliuk Hanna
PhD, Associate Professor of the Department of Accounting, Analysis and Auditing, Odessa National Economic University, Odessa, E-mail:moskaliukann@gmail.com, ORCID ID: https://orcid.org/0000-0002-9810-0522

Shulhach Kseniia
student of the Department of Accounting, Analysis and Audit, Odessa National Economic University, Odessa, E-mail: shulgachx@ukr.net, ORCID ID:

Cite this article:

Moskaliuk H., Shulhach K. (2022) Management of receivables at construction enterprisess. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Upravlinnia debitorskoiu zaborhovanistiu na budivelnykh pidpryiemstvakh; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 9-10 (298-299), pp. 37-42.

Abstract

The mechanisms of accounting and analysis of receivables at construction enterprises are summarized. The accounting tools used by construction companies depending on the territorial and technological features of the industry are systematized and disclosed. The main stages of the receivables management system are given. The fundamental factors affecting the increase in the level of overdue receivables at enterprises have been analyzed. The mechanisms and methods of improving the receivables management system as the basis for ensuring the financial stability of construction organizations are considered. As a result of the activity, there are monetary obligations subject to execution, and obligations of debtors in relation to the organization. In this regard, it is important to control the fulfillment of obligations by debtors, monitor receivables in order to minimize the risk of non-repayment of debts. Different interpretations of the concept of "receivables" and the author's point of view are considered, recommendations are given for managing receivables that arise as a result of current (main) activities related to the sale of goods, works, services that the organization produces or provides. The issue of determining the amount of own funds of construction enterprises, taking into account various types of receivables, was considered. A methodology for analyzing accounts receivable in the construction industry with the aim of optimizing its size is proposed. The stages of receivables management, approaches to the analysis of receivables for previous reporting periods, receivables planning, standard and alternative methods of receivables management are listed. The urgency of managing receivables is related to the sharp decrease in the ability to attract external financial resources for corporate purposes recently. A methodology for analyzing accounts receivable in the construction industry with the aim of optimizing its size is proposed.

Keywords

receivables, accounting, analysis, own funds of construction enterprises, types of receivables.

JEL classification: М510, L740; DOI: 10.32680/2409-9260-2022-9-10-298-299-37-42

UD classification: 657.212:624

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