Тhe theoretical and practical problems of recognition of receivables
Journal Title: Економіка: реалії часу - Year 2016, Vol 4, Issue 26
Abstract
The analysis of a state and management of receivables, purchase the special importance, in the modern economic conditions which are characterised by instability of a settlement payment discipline between partners. It is possible to consider that the delay reasons in calculations are output production and bankruptcy of many Ukrainian enterprises, it is a consequence of violation of the developed economic ties and settlement payment transactions between subjects of managing. Such situation leads to growth of receivables. Research purpose is the overview of various interpretation of scientists a concept of receivables and synthesis of a conceptual framework in separate approaches at the theoretical level; carrying out the analysis of composition, dynamics, structure and a liquidity situation of receivables on the example of the conditional enterprise for the purpose of a formulation of recommendations concerning work with partners- debtors. Receivables size, its condition and quality have significant effect on results of the current activities of the subject of managing and its financial condition. Products type, saturation degree the market, contractual conditions with the accepted settlement system between partners, and also debtors solvency – all these factors determine receivables level. Different views on an interpretation of the term "receivables" local and foreign scientists, allowed allocating them in the following approaches: 1. Receivables is the received funds from a circulation of the enterprise 2. Receivables is the granted commercial and consumer loan to buyers 3. Receivables is advancing of suppliers concerning whom there is a property right of a request for debt payment 4. Receivables is debt of buyers. By consideration of various interpretations of a concept of receivables, it is possible to note that the Ukrainian and foreign scientists characterize it differently. Differences of opinion of scientists is explained by lack of single approach to essence of this concept that, in turn, is a consequence of distinctions in the organization of accounting process of the Ukrainian and foreign enterprises. In the course of writing of article it is established that at the theoretical level the problem of recognition of receivables consists in inconsistency at the level of a conceptual construct. Practical researches require: first, implementation at the entities of obligatory classification of receivables for the purpose of non-admission of delay of payment and bringing debt to a hopeless condition; secondly, the problem resolution on return of receivables by the requirement of pledge in the amount is more, than the amount on the account of a debtor; departure by mail accounts to buyers some days before maturity; insurance of the credits for protection against substantial damages against bad debts; refusal of debtors with high risk.
Authors and Affiliations
Iryna Trunina
Keywords
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