Research On Accounts Receivable Risk Management Of XY Iron And Steel Company

In the environment of global integration and slowing economic growth at home and abroad,the contradictions accumulated by the long-term extensive development of China's iron and steel industry are becoming increasingly prominent,such as overcapacity in iron and steel,environmental protection problems and low industrial concentration.In order to survive and develop,iron and steel enterprises began to use credit sales as a means of sale in order to consolidate their original customers,develop more new customers,and stabilize and increase their market share.As a result,the managers of many iron and steel enterprises have weak awareness of accounts receivable risk management,and the degree of attention to accounts receivable risk management is not enough,which leads to the shortage or even exhaustion of enterprise funds,which is the "blood" for enterprises to survive.At present,the social credit situation is in a very chaotic situation.In fact,the world has paid great attention to credit sales and risk management.XY Iron and Steel Company is a parent process of steel joint production enterprises,once insisted on the price of funds sales policy,but for the good sales performance of enterprises,inevitably produced accounts receivable due to credit terms,The scale of accounts receivable has shown increasing momentum in recent years,and the recovery of old loans has deteriorated year by year.According to the current situation of accounts receivable management in XY Iron and Steel Company,this paper analyzes the related quality evaluation index of accounts receivable in this company,and finds that there are some problems such as difficult recovery and slow turnover of accounts receivable.The reason for these problems is that the existing risk management process can not meet the management needs of enterprises.The main problems are weak awareness of risk management,loose credit policy,lack of effective customer credit mechanism and so on.Based on the analysis of the current situation and causes of accounts receivable management in XY Iron and Steel Company,this paper puts forward some suggestions for optimizing the risk management of accounts receivable suitable for the company.