УПРАВЛЕНИЕ ДЕБИТОРСКОЙ ЗАДОЛЖЕННОСТЬЮ В УСЛОВИЯХ ЭКОНОМИЧЕСКОГО КРИЗИСА
MANAGEMENT OF ACCOUNTS RECEIVABLE IN CONDITIONS OF ECONOMIC CRISIS
Author(s): E. A. Vorontsova Subject(s): Economy
Published by: Петрозаводский государственный университет
Keywords: accounts receivable; economic crisis; credit policy
Summary/Abstract: The accounts receivable is the most important type of current assets of any enterprise. Its main component – receivables of buyers and customers – is formed through provision of commercial loans to customers, which, on the one hand, increases the sales and, on the other hand, diverts funds from the market, leads to a loss of value due to the inflation and a risk of non-payment. During any economic crisis such negative effects are especially noticeable, making the formation of receivables’ management system a crucial objective. The study considers the credit policy to be the basis for receivables’ management system and indicates the necessity of adjustment of its basic parameters in the context of economic crisis. The research speaks of the importance of debt collection proce-dures. The study also mentions factoring as an alternative method instrumental in organization of customers’ debt management. The need to manage other types of receivables is indicated as well.
Journal: Ученые записки Петрозаводского государственного университета. Общественные и гуманитарные науки
- Issue Year: 2015
- Issue No: 3 (148)
- Page Range: 97-100
- Page Count: 4