Research On The Management Of Receivable Accounts Financing In JT Group

JT Corporation is one of the most modernized stated-own enterprises in the Chinese nonferrous metals industry which focuses in copper mining,mineral processing,smelting and refining.It is the biggest copper production base and important gold,silver and Sulfur chemical raw material producing area,it's main productions are cathode copper,copper rod,copper foil,copper pipe and copper strip.In 2015,JT Corporation has been ranked as the 354 th of the fortune global 500,going forward 27 than last year.It's output of cathode copper in 2015 is 125.75 ton,and the output of copper processing production is 99.68 ton.Except Cathode copper,the sales mode of the copper processing production of copper rod,copper foil,copper pipe and copper strip is sales on credit,some of the copper processing production's credit period is longer than half of a year.Facing the market impact,downstream enterprise especially the private enterprise's financing becomes more and more difficult,the risk of the sales on credit becomes bigger than before.How can JT Corporation do to capture the mark and keep the safe of the fund,at the same time to reduce the operational risk in the increasingly fierce competition environment becomes one of the problems that the JT Corporation has to faced.After reading a lot of the literature of accounting receivable and accounting receivable financing,through the preliminary analysis of the accounting receivable and accounting receivable financing,this article proposes its own research results and solutions for JT Corporation's accounting receivable financing bases on the research of the two recent year's accounting receivable.This article focus on the study of accounting receivable financing.The report will start with reviewing the researches related to accounting receivable and accounting receivable financing of the scholars at home and abroad;then comparing the differences between the ways of accounting receivable financing;at last,according to the analysis of present situation of JT Corporation's accounting receivable and accounting receivable financing,propound suggestion which suitable to JT Corporation in order to improve the management of accounting receivable.Through these researches,we can provide guidance and reference for optimal management of JT Corporation's accounting receivable.