A Study On Accounts Receivable Risk Management Of H Iron And Steel Company

Since the reform and opening up,the competition between enterprises and enterprises more and more fierce,the vast majority of enterprises use credit sales as a way of promotion,Enterprises in order to occupy a market place,with more customers,have to take the "first market after profit" credit strategy.In this mode of sales,the growing sales of enterprises at the same time,but also with the expansion of the scale of accounts receivable,in the long run,resulting in the enterprise's accounts receivable arrears more serious.H Iron and steel companies as the main steel manufacturing industry also encountered this situation,in the sale of a large number of the use of credit sales,in recent years,the scale of accounts receivable is too large,and the recovery of payment is deteriorating year by year,directly affecting the cash inflow of enterprises,which may lead to financial crisis,therefore,It is urgent to strengthen the management of the accounts receivable of H iron and steel Company.This paper takes the method of case study,combined with the present situation of the risk management of accounts receivable of H iron and steel Company and the analysis of the company's financial indicators,It is found that there are some problems such as poor liquidity and difficulty in recovering the accounts receivable of enterprises,and the reason for these problems is that the existing management methods of enterprises can not meet the management needs of enterprises,Its existing problems are mainly manifested in the process of risk identification,evaluation and response,and the overall reflection is that the risk management process is not rigorous.Therefore,the introduction of risk management theory for H iron and steel company accounts receivable risk management design is very necessary.This article will combine the current situation of H iron and steel Company for the company to design risk management program,from the whole process of risk management corresponding to the implementation of accounts receivable management.The first is the extensive collection of the company's various risks related to the management of accounts receivable,the main risks are divided into external risks and internal risks,according to the type of risk analyzed to determine the specific risk factors.Then,The risk assessment of H iron and steel company is carried out,and the various risk factors collected are analyzed and evaluated by analytic hierarchy process,which can calculate the risk coefficients of various kinds of risks,and thus draw the high and low ranking of risks as the basis for the subsequent development of risk response measures.Then,Based on the results of the assessment of each risk,a response strategy is developed for each risk,and finally,a safeguard measures are put forward for the implementation of the risk management scheme of the accounts receivable of H iron and steel Company.