FEATURES OF DOMESTIC AUDIT OF CALCULATIONS WITH BUYERS AND CUSTOMERS OF MODERN ENTERPRISE
Journal Title: Міжнародний науковий журнал "Інтернаука". Серія: "Економічні науки" - Year 2018, Vol 1, Issue 12
Abstract
At the present stage of economic development, much attention is paid to the partnership relations of the enterprise, which, in turn, arise with buyers and customers. Accounting for settlements with contractors is of great importance for any enterprise that is actively working in a market economy, since each enterprise that conducts financial and economic activities in the course of its operation carries out settlements with buyers for the products purchased by them, with customers-for the work performed and services rendered. However, in an unstable market economy, the risk of non-payment or late payment of bills increases, and this leads to the appearance of receivables. Part of this debt in the process of financial and economic activity is inevitable and should be within acceptable values. In the current conditions, no enterprise can exist without customers, because they are a source of profit and prosperity of any enterprise. But, for example, the existing doubtful accounts receivable indicates violations of financial and payment discipline by customers, which requires the immediate adoption of appropriate measures to eliminate certain negative consequences. Timely adoption of these measures is possible only in the implementation of systematic control by the enterprise. So, the correct organization of settlement relations leads to the improvement of economic relations, improvement of contractual and settlement discipline, as the fulfillment of obligations on the timeliness of settlements, depends on the future of contractual relations between the parties. Control over the state of settlements leads to a reduction in accounts receivable, acceleration of turnover of working capital, which affects the financial condition of the enterprise. In this article some modern features of internal audit of calculations with buyers and customers of the domestic enterprise are stated, the main problem questions of theoretical and practical character are covered. This determines the relevance of the development of the question of the existence and improvement of the internal audit function of settlements with buyers and customers in a modern enterprise.
Authors and Affiliations
Nadia Bugay, Grygoriy Chayka
Keywords
Related Articles
- EP ID EP581626
- DOI 10.25313/2520-2294-2018-12-4483
- Views 86
- Downloads 0
FEATURES OF DEMO-ECONOMIC PROCESSES IN RA
In article illustrate problems are related to the impact of demographic factors on the economy, which are called demo-economic, in particular upon the reduction of internal demand, enhancement of the expenditures of the...
CURRENT STATE OF BANKING LOANS OF PHYSICAL PERSONS IN UKRAINE
In today's economy, credit is one of the main conditions and prerequisites for the economic development of the state, as well as an important and integral part of economic growth. This leads to the development of a lendi...
NON-MATERIAL CAPITALIZATION OF FOOD INDUSTRY
The article is dedicated the main problems of non-material capitalization in the food industry. The basic aspects of definition by scientists of the concept "non-material capitalization" are defined and general features...
PRINCIPLES AND METHODS OF CREATING AN INTEGRATED ACCOUNTING SYSTEM
The theoretical and methodological positions are substantiated in the article, substantiation of the principles and methods of creating a single accounting system in the service functionality of making quality management...
FEATURES OF THE DEVELOPMENT OF MARKETING STRATEGIES FOR THE GROWTH OF AGROFORMATIONS
The article focuses on the importance of development and implementation of marketing strategies for the growth of agroformations. The ABC analysis of the agrarian formations of Khmelnytskyi region during 2012-2016 was ca...