Study On Receivables Management Of Construction Project Of DY Company

China’s market economy is developing at a rapid pace,and the competition among construction companies is intensifying.In particular,the characteristics of the buyer’s market in construction companies are increasingly strengthened.Many construction companies have begun to pay the advance by themselves to occupy market share in the fierce competition,thus generating a large amount of accounts receivable.Many construction companies have increased their operating income and profits,meanwhile,accounts receivable have grown faster as well.At present,China’s credit system is incomplete,the corresponding laws and regulations of the construction industry are flawed,and the mechanism of dishonesty and punishment is lacking.The construction enterprises have invested heavily in the early stage,and it is normal to not receive the project funds in the later period,resulting in less liquidity and affecting the normal operation of the enterprise.Therefore,more and more construction companies have begun to pay attention to and study the management of accounts receivable.In recent years,the issue of the company’s accounts receivable has attracted the attention of the top.As one of the executives of DY,the author combined the company and her own work to finish this paper.Firstly,a literature review of the relevant theories of project receivables was conducted.Secondly,the author analyzed the current situation of DY and its construction projects accounts receivable from multiple perspectives,and summarized and pointed out the existence of accounts receivable problems.Thirdly,the author analyzed the reasons for the accounts receivable generated by DY and its construction projects.Finally,the countermeasure for the management of accounts receivable of DY were put forward.This countermeasure reversed the trend of increasing DY accounts receivables from 2013 to 2017 and fell for the first time at the end of 2018.This paper not only has practical significance for the company’s own accounts receivable management,but also provides reference for the management of accounts receivable of the entire construction industry.