| With economic development enter into the new state,the growth of construction industry gross output value has been slowed down.The competition among construction companies is intensifying in the market.In order to occupy more market share and increase profitability,enterprises frequently offer a lower tender price and advance the funds to improve the winning rate of a bid.As a result,there are massive accounts receivables of companies,taking up a lot of money and impacting the liquidity and security of the funding.In addition,defaults of business owners in construction industry is a common phenomenon because of the defective social credit system and insufficient laws and regulations,leading to higher risks of bed debts and seriously influencing the safety of assets and daily operations.Meanwhile,the defaults of debtor also hinder the financing of enterprises with accounts receivables.First,the thesis described the formation of accounts receivables,the impacts on enterprises and the methods of improving the management,based on the theories of internal control,corporate credit management,accounts receivables financing and so on,which providing a strong theoretical basis for case analysis in later paragraphs.Then,the industrial characteristics and management status of accounts receivables in listed companies were analyzed to reveal the existing problems.At last,through the analysis of accounts receivable management of JA,a construction and installation company,some improvement measures in receivables management were proposed.The study discovered that JA existed not a few problems in accounts receivables management such as weak management awareness,low execution under the current management system,lack of credit risk assessment,poor quality of accounts receivable and so forth.To solve these problems,some effective approaches like strengthening the source control,establishing an independent credit management system,improving the performance appraisal and rewards system can be adopted. |
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