Management of accounts receivable as a tool to reduce financial risks of the small enterprises
Journal Title: Економічний журнал Одеського політехнічного університету - Year 2017, Vol 1, Issue 1
Abstract
The article presents the algorithm for managing accounts receivable, examines its individual stages, defines the general ways of analysis of the small company's clients. The focus is on the four stages of managing the formation of receivables and it is recommended that the credit requirements were based on those stages: development of credit policy, customer analysis, implementation of credit policy, effect`s analysis of the policy. Revealed that at the first stage the natural level of receivables should be explored, at the second stage a system of credit conditions is formed, at the third stage the work with clients begins, and at the fourth stage a new analysis of receivables` turnover takes place and is compared to previous periods
Authors and Affiliations
Kseniia Kovtunenko, Oksana Kovalyk
Keywords
Related Articles
- EP ID EP248021
- DOI -
- Views 95
- Downloads 0
Estimation of the factors’ influencing on expertise of the projects of international cooperation program
The article covers the analysis of existing international foundations and programs from the point of view of interacting with them of the institutes of higher education for attracting their investments as the complementa...
Dynamics of development of enterprises producing alternative energy in Ukraine. Review article
The article deals with the main characteristics of the market of electric energy and the scheme of the united power system of Ukraine, the structure of installed capacity in the power generation sector of the UES of Ukra...
Justification of instrumental basis for providing the manufacturer’s environmental competitiveness
In the article the author’s vision for deepening the scientific basis and justification tool base system of ecological competitiveness of producers. The article aims to study new approaches to ensure the environmental co...
Research of financial instruments of enterprise sustainable development
The article is devoted to financial instruments of sustainable development of the enterprise, the essence of factoring and forfaiting is determined. The history of the emergence and development of these instruments is ex...
Proactive Change Management: Approaches and Tools
In the paper the concept of "change", the evolution of the changesconcept from ancient philosophers to modern foreign and domestic scientistsare analyzed. The types of changes were analyzed from the point of view of vari...