Research On The Risk Control Of JF Power Equipment Company' Accounts Receivable

With “made in China 2025” and “the Belt and Road Initiatives” strategy of the two were deepened,electric power equipment manufacturing industry will usher in a new round of development opportunities.However,in the context of the current market situation,the rapid expansion of the scale of the industry at the same time,the downstream demand did not appear a substantial change,which will intensify competition in the industry market.Enterprises in order to survive and development,in order to expand or maintain market share,more and more use of credit sales as a marketing approach.This kind of marketing will increase sales revenue,expand or maintain the enterprise market share,but also make accounts receivable increasing.If there is a lack of effective control of accounts receivable,there will be a rise in accounts receivable,increased likelihood of bad debts,increased management costs and cash flow difficulties.Therefore,it is of great significance to reduce the risk of enterprise capital demand and improve the efficiency of capital use.This paper chooses JF electric power equipment company as the actual research object,uses literature method to collect the relevant literature,gets together with the case analysis method,on the basis of theoretical research,has an empirical analysis of the JF company,analyse JF company accounts receivable risk control status,the risk of accounts receivable and the reasons for the risk,to demonstrate whether the need for risk control of JF's accounts receivable.Qualitative analysis is used to qualitatively analyze the risks that have been identified.The qualitative analysis is carried out by expert method and risk assessment method.The risk of each type of risk is divided into high risk and low risk.Further analysis is carried out by using AHP for further analysis.Class risk,and quantify the risk coefficient of each type of risk,the weight of risk factors in each type of risk and the overall risk level of the company's accounts receivable.In this paper,JF company accounts receivable is a moderate risk level.Although the JF company's accounts receivable risk is not high risk,but due to the company's existing risk control methods are flawed,the sales link internal control system is not perfect,credit risk management and other problems exist,the existence of accounts receivable risk High risk trend.Therefore,combines with JF company's actual situation,from the loss control and risk transfer,put forward the improvement measures of risk control of accounts receivable.Thishas important practical significance for the improvement of corporate receivables control level and the integration of the company's competitiveness,and it is also of reference for enterprises with similar situation.