Research On The Measurement And Control Of The Accounts Receivable Risk Of NH Company

Nowadays, the credit behavior in our life becomes more and more common,such as bank credit card, loan business, ant check later, are related to the credit transaction, the above credit transactions are for individuals. To the enterprise, with the continuous adjustment of the economic structure of our country, the supply side reform, market competition will continue to serious credit sales also will be more and more popular, the practice of NH company accounts receivable status of a certain understanding, NH company in recent years should pay more attention to risk management the accounts receivable, which give the original idea of the writing of this article. Through access to relevant information, found in the financial industry model of credit risk management research and exploration of more perfect,accounts receivable as a kind of credit assets,the relevant research on credit risk management can also be applied to the management of accounts receivable,so this paper tries to credit risk measurement tool KMV model with more mature foreign credit the risk management of company.This paper first reviews the development of credit risk assessment method,which focuses on the KMV model in this paper to use, then the account receivable risk, the risk caused by the influence of factors were summarized, and the domestic and foreign accounts receivable risk management literature review. Then the current accounts receivable management of NH company should be described by NH in the last five years of accounts receivable denomination, turnover rate and other indicators analysis,comparative analysis and listed companies in the same industry,pointed out that the existing mode of NH company under the existing institutions,such as credit policy and other aspects of the limitations of the problem. Then the paper explains the reason why the risk measurement method is chosen, and selects the sample of NH company,and uses KMV model to measure the risk. Then, based on the results of risk measurement,the credit policy of NH company accounts receivable is analyzed and improved. Finally, in view of the problems existing in the current mode of accounts receivable of NH company, this paper puts forward some suggestions on how to adjust the management organization and strengthen the tracking analysis of accounts receivable.This paper analyzes the application of KMV model in the actual risk measurement of accounts receivable through theoretical and empirical analysis, and provides a more specific quantitative idea for enterprise credit risk management of accounts receivable, which has certain reference significance. The results of the measurement analysis and the actual customer credit situation is basically consistent.But there are some shortcomings, KMV model itself is the applicability of listed companies,but because of the lack of historical experience in China database,this paper can only use the theoretical risk of default measurement, in the actual use of the process requires a lot of experience Database to verify.