Research On The Actuality And Countermeasures Of Corporate Credit Management

Credit is the basis and soul of market economy. Foreign credit management has been greatly developed in the mature credit economy. In contrast , the fragile credit institutions still harm steady development of China's economy. Comparatively low corporate credit management has weakened the competency of enterprises in China. Corporate credit management is one of the core contents of modern management and the basic factor of the existence and development of all enterprises in the market economy. Meanwhile, the improvement of corporate credit management will contribute to the establishment of a good credit environment in China. Enterprises should pay more attention to credit management and establish right credit management system in order to enhance competency. The thesis focuses on corporate credit management to provide enterprises with helpful advice.The thesis discuss the actuality of corporate credit management by introduction of basic credit management theory and analyse the character of credit loss.To improve the actuality of corporate credit management, the thesis provide the main countermeasures the corporate ought to adopt, i.e. establish efficient organization and perfect flow of corporate credit management. An efficient organization of corporate credit management ought to have the organization of credit risk management suited to the situation of the corporate, the function design divide the work clearly, the proper post design and the personnel scale and budget suited to the corporate scale. A perfect flow of corporate credit management includes the credit extension decision-making to new buyer, the monitoring to buyer credit risk, the course management and. gathering of accounts receivable and the credit risk transfer. The thesis advocates that the corporate should make good use of the buyer's cash flow statement and discuss how to analyse the buyer's cash flow statement to manage corporate credit. The thesis also provides the core formula of cash paid for goods and services compare to accounts payable.Through analyzing the datum of X corporation located in Suzhou New High Technology Park, the thesis summarizes the corporate credit management experiences of the corporation and studies the experiences how to adapt to our country' s corporate credit management .