Analysis And Empirical Research Of Accounts Receivable Quality Of Listed Company

In recent years, listed company which is at home and abroad appeared events ofaccounting fraud and profits manipulate are constant to show that financial data of incomestatement already cannot represent listed enterprise real financial position, operating resultsand cash flow, that means according to traditional financial index, evaluation effectiveness ofaccount receivable quality of listed companies has reduced gradually. Therefore, the qualityof accounts receivable influenced on profit has pay more attention by all walks of life again.According to above background, this paper selected accounts receivable quality of listedcompany of Shaan’xi Province as research object, through a series of financial index, weanalyze the problems of account receivable quality about the listed company of Shaan’xiProvince: the high loss rate of bad accounts receivable; the high growth rate of accountsreceivable; the low turnover rate of accounts receivable; the serious aging problem ofaccounts receivable; accounts receivable accounts for big rate of current assets, etc.This paper further adopted the research methods which are combination of rules andempirical proves and selected the24listed company in Shaan’xi Province as research samples,from the point of view of the multidimensional, demonstrated the correlation betweenaccounts receivable quality and profit quality through empirical analysis and verification so asto given the quantity directions to support qualitative analysis results about the specificfactors which influenced the quality of listed company of Shaan’xi Province, drawing thefollowing conclusions:(1) X1represented accounts receivable/current assets and has negativerelation with profit quality;(2) X2represented accounts receivable turnover and has positiverelation with profit quality;(3) X3represented the difference which equal growth rate of mainbusiness revenue subtract growth rate of accounts receivable and has positive relation withprofit quality.According to the above problems and empirical results, this paper put forward tosuggestions for the accounts receivable quality of listed company. These suggestions, whichhave significant meaning of theory and practice, are of the reference for the listed company ofother areas and help those companies make the effective measures to improve the accountsreceivable quality.