Research On Risk Management Of Accounts Receivable Of N Agrochemical Company

The strategy of socialist new countryside and rural vitalization put forward by the state has drawn great attention to the development of agriculture.China's agrochemical industry has gone through three stages of start-up,adjustment and industrial development.The total amount of pesticides produced in China is about 60% exported to other countries,which provides important support for global agricultural production.Therefore,the study of accounts receivable risk management is an important factor for the sustainable development of agrochemical enterprises.The research object of this paper,N agrochemical company,is an agrochemical production and sales company listed on the shenzhen stock exchange in 2008.According to the financial report from 2015 to 2018,the receivables of N agrochemical company increased year by year and reached 986 million in 2018,accounting for more than 30% of the current assets,showing the risk of receivables.In this paper,based on the comprehensive risk management theory and the accounts receivable risk management process,by way of analyzing the data from field investigation and interview,check N agrochemical company accounts receivable risk management of the status quo,using the financial index analysis method to analyze the effect of the accounts receivable risk management,and then draws N agrochemical company in accounts receivable risk management problems,and on the basis of risk identification,risk coordinate method for qualitative analysis,analytic hierarchy process(ahp)and fuzzy evaluation method to quantitative analysis the ranking and risk score and finally deal with the risk.According to the research in this paper,the high regional risk factors of accounts receivable of N agrochemical company mainly include unsound credit policies and insignificant collection effect,etc.The following countermeasures can be taken: create an independent accounts receivable credit management department,and specify the specific responsibilities of each department to standardize the approval procedures of credit sales;In the credit policy,perfect the customer information and establish the clear credit policy standard and evaluation index;Implement the early warning system of accounts receivable,continuously track customer information to strengthen the dynamic monitoring of customers;Improve the specific collection procedures of receivables,for different types of customers to flexible collection.Through the study of this paper,it is hoped that the relevant risk countermeasures will play a certain role in promoting the receivables risk management of N agrochemical company.