Research On Internal Control Of Accounts Receivable In TJ Company

As an important part of corporate working capital management,accounts receivable management has a direct impact on working capital turnover and economic benefits.A large number of accounts receivable led to the emergence of virtual surpluses,especially if there is overdue receivables,will result in a large number of corporate funds stagnation,the capital turnover rate down.Internal control refers to the economic units and organizations in the economic activities to establish mutually restrained business organizations and the division of responsibilities system.The purpose of internal control is to improve the management level of enterprises and improve the future economic benefits,which are the necessary conditions for strengthening economic development.Receivable accounts receivable,is related to the future economic development of enterprises,so the internal control of enterprises is essential,starting from the internal control is necessary to strengthen the management of receivables.This article first introduces the research background of the article and the significance of its topics,and then gives an overview of the concept of receivables and internal control theory.Then by analyzing the status quo of TJ's internal control of accounts receivable,find out the reasons of the company's internal control of accounts receivable: Internal control environment of accounts receivable: lack of credit management department,organizational structure and distribution of rights and responsibilities Reasonable,internal performance appraisal system is not perfect;assessment of accounts receivable risk: management over-emphasis on performance and neglect of enterprise risk management,the lack of appropriate business risk identification and risk response measures;accounts receivable control activities: Incompatible Rights and obligations are not separated and related transactions exist,ignoring the signing of the contract,the arrears of the lack of effective means of collection of receivables;accounts receivable information and communication: enterprise information management tools behind the data between various departments not To real-time sharing;accounts receivable supervision and inspection: the company's internal audit efforts are not strong,the lack of supervision of the relevant basic evidence of accounts receivable.Combining the reasons of the existing problems and the current advanced theories,the company put forward corresponding suggestions for improvement and actually solved the problems existed in the design and implementation of the company's internal control of accounts receivable.This article focuses on the five elements of internal control measures given,for similar businesses have a significant reference.