Study On Accounts Receivable Financing Mode Of Osco Company

The problem of "financing difficulty" is an important problem that restricts the development of small and medium-sized enterprises.To help SMEs solve this problem,the financing mode of accounts receivable introduced by our government from western developed countries has gradually become one of the important financing modes for SMEs.At Domestic scholars mainly stand on the standpoint of banks and other financial institutions to study how to reduce the financing risk of financial institutions.Starting from the standpoint of small and medium-sized enterprises,this paper chooses the appropriate financing mode of accounts receivable according to the actual situation of enterprises.This article mainly carries on the research and analysis from the following five parts: first,the background,significance and literature review at home and abroad;secondly,it carries on the analysis to the related theories of receivable financing,introduces the classification and risks of receivable financing;secondly,it introduces the basic situation and financial situation of Osco Company.And the situation of accounts receivable,and the feasibility of financing accounts receivable of Osco Company is analyzed.Then,the financing efficiency of Osco’s accounts receivable financing model is analyzed.This paper adopts the method of fuzzy comprehensive evaluation,taking into account the factors of financing cost and financing risk,compares the financing efficiency of pledge financing,factoring financing with recourse right,factoring financing without recourse right and securitization financing,and concludes that factoring financing without recourse right is the most suitable financing mode for Osco Company.Finally,on the basis of the actual situation of Osco,this paper puts forward some suggestions on how to make factoring financing without recourse.The purpose of this paper is to use the theory of accounts receivable financing mode to solve the financing difficulties of Osco to a certain extent,Improve the liquidity of its assets and to combine theory with practice.It not only broadens the financing channels of Osco,but also provides a reference for small and medium-sized enterprises to finance accounts receivable.