Research On The Management Of Accounts Receivable Of W Company

Nowadays,one of the most important features of the commodity economy is that everything revolves around the market.In the conditions of market economy,competition is not only the driving force but also the pressure for companies seeking subsistence and development.In order to seize the market share and to strengthen the competitiveness,corporations continue to enlarge the scopes of their markets and to increase the amounts of credit sales.However,a benign asset cycle is a basic condition for the survival and the development of a corporation.If accounts receivable cannot be repaid on time,the liquidity of a company is taken used by customers for free to some extent.Under this circumstances,companies' risks of bad debts will increase and its financial situations will deteriorate,as a result the operation losses and tax burdens will become increasingly significant over time.Therefore,the financial crises resulted in these operation losses and tax burdens may considerably influence the steady development of the corporation.This paper selects W company in railway industry as the research object.First of all,it primarily demonstrates the research background,purpose,and significance,then reviews the research status of accounts receivable at home and abroad,and lastly illustrates the research ideas,methods,and innovations.Secondly,it takes the W company of railway industry as an example.By analyzing the situations of W company's accounts receivable from the aspects of amount,aging,and customer distribution,the crucial financial circumstances of W company are presented.Subsequently,the problems of the management of accounts receivable and the causes of these problems are clarified.Thirdly,in order to solve these problems of the management of W company's accounts receivable,it outlines the goals,principles,and contents of the proposal,and progresses it from the perspectives of before,during,and after the event.Finally,the improvement proposals of W company's accounts receivable management are guaranteed to be executed as effectively as possible from the perspectives of concept awareness,organizational structure,supervision mechanism,and information system;thereby situations of accounts receivable management can be better.Last but not least,the conclusion summarizes the research results and points out the research limitations.By in-depth field research of W company,the receivable management issues are analyzed both theoretically and practically;and the proper improvement proposals are offered.Hopefully,this report can also make some contributions to the inspiration and reference of accounts receivable management for other corporations in Chinese railway industry.