Management of accounts receivable for railway transport enterprises
Elena Surikova, Elena Kosorukova, Irina V. Krainova, Margarita Rasskazova
Abstract
The state of accounts receivable, its quality, size and structure have a significant impact on the financial position of the company as a whole, its solvency and fiscal sustainability. Management of accounts receivable is a series of measures aimed, ultimately, at optimizing its size and improving its structure quality. The enterprise tends to reduce terms of accounts receivable and decrease financial cycle size as much as possible but without harming its activity. The analysis of accounts receivable conducted on a regular basis using traditional and non-trivial approaches can judge on the ability of company management to foresee and reduce the risk of non-payback of funds, identify specific, inherent in a particular activity, factors of the debt formation and determine the overall quality of liability management. The article considers the key risks associated with the emergence of accounts receivable, terms of repayment, non-repayment in full or in part, and also discloses the features of accounts receivable management in a transport corporation.