Research On Internal Control Problem Of FG Company Accounts Receivable

The progress of modern social civilization and the development of market economy have brought greater development and growth to enterprises,but also led to fierce competition among various industries.Credit sales are a kind of market behavior in which enterprises sell products by means of commercial credit.In the face of the cruel market competition situation,enterprises often have to adopt the sales method of credit sales in order to survive and develop.If an enterprise wants to make the management of accounts receivable efficient and stable and can withstand the risk of bad debts arising from accounts receivable,it must rely on a sound and effective internal control process for accounts receivable.FG is a company that has just been established for four years to produce and distribute TV programs.In order to quickly gain a foothold in the market,it uses credit sales to conduct transactions.Due to the characteristics of the TV program production and distribution industry itself,such as long production cycle,large amount of investment in the early stage,and the market environment such as the success rate of the issue and the unstable ratings,the project started in the initial stage of production and in the process of production completion.It will generate large-scale accounts receivable,which leads to the company's low cash holdings,but the amount of accounts receivable is increasing.This situation is very common in many TV production and distribution companies.In order for such enterprises to effectively and completely recover the accounts receivable assets,it is very necessary to establish an internal control system with synergy and coordination,supervision and control characteristics among various departments within the company,and to protect them.Effective implementation,in order to promote a healthy and sustainable operation of the company.This paper is based on results,from the meaning of problem research,combined with the status quo and background of FG company,based on the theory of accounts receivable and internal control,and then the emerging enterprise in the TV program content production industry-FG For example,the company conducts research on the problems existing in the internal control of FG's accounts receivable along the way of finding problems,analyzing problems,and solving problems.The purpose of the research is to design a set of corrective and effective internal control system for accounts receivable for FG.The first step is to elaborate on the theory of accounts receivable and internal control,and provide a solid theoretical basis for the follow-up study.The second step is to analyze the existing situation of the internal control of FG's own accounts receivable,the crux of the problem and the cause of the problem.In the process of analyzing the problem,we first briefly introduce the establishment background and business situation of FG company,then analyze the existing situation of enterprise accounts receivable,and focus on discovering what problems exist in internal control and exploring the reasons.Finally,from the perspective of solving the problem,the FG company's accounts receivable internal control process is recommended.These are all based on the five elements of internal control in line with FG's corporate industry characteristics.Based on the results,it is recommended to provide advice on the management of the company's accounts receivable under the right remedy,and try its best to be effective.In the end,it will help FG to improve the management level of accounts receivable,reduce the risk of bad debts,speed up the turnover of funds,and ensure the continuous and efficient operation of enterprises.At the same time,I also hope to have some reference and reference value for other companies in the industry.