Analytical support for the management of accounts receivable of the enterprise

Semenova Kateryna
PhD in Economics, Аssociate professor of the Department of Accounting, Analysis and Audit, Odesa National Economic University, Odesa, Ukraine, E-mail:ka_sta@ukr.net, ORCID ID: https://orcid.org/0000-0002-1613-7218

Cite this article:

Semenova K. (2024) Analytical support for the management of accounts receivable of the enterprise. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Analitychne zabezpechennia upravlinnia debitorskoiu zaborhovanistiu pidpryiemstva; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odesa National Economic University (ISSN 2313-4569), Odesa National Economics University, Odesa, No. 5-6 (318-319), pp. 26-32.

Abstract

The purpose of the study is to generalize the theoretical foundations of accounts receivable analysis based on a system of indicators and to develop practical recommendations for improving the efficiency of its use at the enterprise. The systemanalytical method was used during the research; methods of dynamics analysis – to identify changes in the accounts receivable of the enterprise; methods of structure analysis – to determine the structure of working capital and accounts receivable; tabular and graphical methods – for visual display of information. The results of the study led to the conclusion that accounts receivable is an integral part of the enterprise's activities, which affects its financial condition. Enterprises need to constantly monitor the formation of accounts receivable, look for ways to speed up payment for products by buyers; form a ratio between accounts receivable and accounts payable to minimize financial risks. The analysis has revealed negative trends that have emerged at one of the leading enterprises producing digital communications in Ukraine. The management of the enterprise needs to develop measures to accelerate the repayment of accounts receivable, as its amount is growing every year. In particular, it is advisable to consider the composition of the debt for each debtor and establish the reasons for its occurrence; to establish price discounts to speed up payment for products; to more clearly specify in sales contracts possible sanctions for violation of payment terms for products; to seek a rational ratio between the number of receivables and payables. The results of the analysis made it possible to identify the problems present at the enterprise in terms of the use of accounts receivable and its impact on the activities of the business entity, and, based on the identified negative trends, to substantiate the need for effective management decisions.

Keywords

accounts receivable, analysis, management, enterprise, current assets, trend.

JEL classification: G120; М110; DOI: https://doi.org/10.32680/2409-9260-2024-5-6-318-319-26-32

UD classification: 658.5:330.1

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