Organization of discount disclaimers with debitors in the conditions of the instable economic environment
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 12, Issue
Abstract
The article deals with the features of the organization of accounts receivable in the context of the management of calculations. The purpose of the study is to reveal the main approaches to the organization of accounts settlement with debtors, especially in an unstable economic situation. The introduction emphasizes the importance and importance of receivables in managing the financial condition of the enterprise. Accounts receivable arises as a result of calculations of the enterprise with buyers, suppliers, financial bodies, customers, employees. The basis for managing accounts with debtors is the information provided by the accounting system. Consequently, the question of the correct organization of accounts receivable and possible directions for its optimization, especially in crisis conditions of management, are extremely relevant. The article specifies that in the accounting system information on receivables and disclosures in the financial statements of an enterprise in Ukraine is formed in accordance with the Regulation (Standard) of Accounting 10 "Accounts Receivable". For the correct organization of accounting for settlements with debtors it is necessary to classify it: on the terms of arrears (long-term or current), by type, on objects of accounting (each debtor, debtor) and terms of non-payment. In addition, in order to optimize accounting processes for accounts receivable, it is necessary to select and compile accounting nomenclatures and bearers of accounting information for accounts receivable. It is determined that the main measures of work with problem debtors include: legal, psychological, economic, etc. Also, in the context of the complication of payment discipline, the possibility of distributing the process of managing receivables should be considered: on its own (by extending the powers of the accounting service, other departments) or outsourced. Consequently, the correct organization of accounts receivable will allow management to take operational managerial decisions to increase the settlement discipline, and, as a consequence, and to strengthen the financial position of the company in a crisis situation in the economy.
Authors and Affiliations
Mykhailo Anatoliiovych Shum, Oksana Yevheniivna Yakymenko, Tamila Maherramivna Boiko
Keywords
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