Research On Optimization And Application Of Credit Approval Z Model Of Accounts Receivable

As an active sales method,credit sales is conducive to promoting product sales and increasing market share,which is one of the ways to improve enterprise performance.However,if the enterprise when choosing customers,there is no set up an appropriate credit approval system,but all accepted,will no doubt increase the risk of a bad loans after the enterprise,increase bad debt losses,collect cost and cost of capital takes up,affects the quality of the enterprise current assets,severe cases can make cash flow fracture,long-term operation bring negative influence to the enterprise.Therefore,strengthening the advance control of accounts receivable and establishing an active and effective preventive measure can effectively prevent the occurrence probability of bad debts and bad debts after the period,and effectively control the loss at the minimum amount,which is of great significance for the timely recovery of accounts receivable after the period.In the credit risk management of accounts receivable,the credit risk of customers can be quantified,and a special approval model for customer credit can be established in the enterprise to effectively identify bad borrowers.In this paper,through literature research,many scholars have in generalizations about accounts receivable credit management methods,based on the proposed optimized the accounts receivable credit approval of Z model,this model can realize the quantitative analysis of the customer credit conditions,the model considers the customer reimbursement ability and willingness to reimbursement,think of the accounts receivable timely fully recover the solvent not only need to customers,also need the customer to have repayment will,both be short of one cannot.In this model,z-scoring method is adopted to evaluate the repayment ability of customers,and the proportion of overdue debt in total debt is adopted to evaluate the repayment willingness of customers.Then,from the two perspectives of the credit ratings of 20 listed companies and 20 non-listed companies given by credit rating agencies,the relevant financial indicators of customers in specific cases and the recovery of accounts receivable after the period,the effectiveness of the optimized Z model of accounts receivable credit approval in evaluating the credit status of enterprises is verified.After the verification,the optimized accounts receivable credit approval before optimization model of Z model in more accurate evaluation of enterprise credit conditions,and optimized the accounts receivable credit approval of Z model of the listed company's credit standing of the results of the assessment accuracy is 90%,the accuracy of the result of the evaluation of a private company's credit standing at 80%.Therefore,the optimized Z model of receivables credit approval proposed in this paper has certain practical value in evaluating the credit status of enterprises.