Research On The Accounts Receivable Management Of BYD Company

Accounts receivable is an important current assets of the enterprise.The management of accounts receivable is more important for enterprises with larger receivables.Strengthening the management of accounts receivable control account receivable scale,will promote the effect of credit payment timely cage,which to relieve the pressure on enterprise capital demand,improving the management effect and improve the service efficiency of funds but also plays an important role.This paper takes BYD group as the research object and studies its receivables management.At first introduces the concept of receivables and receivables management,and expounds the two theoretical bases of credit risk theory and risk management theory.Next,through nearly five years of accounts receivable to its formation and recycling situation analysis,evaluation of its accounts receivable management present situation,the use of its accounts receivable management status of related indicators to the industry average and leading value comparison,find the BYD group on the quality of accounts receivable,the gap between China and the mining accounts receivable risk management on the existing problems and the reasons.BYD's accounts receivable management of accounts receivable scale is too large,the new energy business credit policy is not reasonable,afterwards management problems such as the effect not beautiful,but these problems are mainly by BYD group sales channel management existence question,credit risk management lag,the accounts receivable control mechanism is weak wait for a reason.In order to solve these problems,firstly,it is necessary to strengthen the credit management of customers and to establish a reasonable credit policy for the new energy business and to perfect the customer risk assessment system.Secondly,we should improve the risk management of accounts receivable,strengthen budget management,establish risk early warning mechanism and establish risk awareness.Finally we also need to strengthen the accounts receivable daily supervision,the need to improve a car sales channels construction and strengthen information communication between departments,improve the responsibility mechanism and adopt such as accounts receivable factoring dispersion existing risk and so on.After discussing the above content,hope you can provide help for BYD group accounts receivable management,at the same time also can hope for other enterprise mainly is the development of new energy automotive industry business car enterprise receivables management provide certain reference and reference.