Research On Internal Control Of Accounts Receivable Of KL Group

In the changeable market economy environment,the cash flow problem of enterprises has always been an important part of the long-term survival of enterprises.However,the management of accounts receivable has a direct impact on the financial situation of enterprises.Effective internal control of accounts receivable to ensure timely recovery of funds,reduce credit risk,always testing the level of enterprise management.KL Group is an Internet company which integrates various business types and develops in many directions.This paper mainly studies the internal control of accounts receivable in KL Group's game business,that is,the business line of Shanghai Game Center.According to the statistics of the hot money network,the total revenue of the game industry in 2018 is about 137.9 billion US dollars,of which China ranks first with 37.9 billion US dollars.From the analysis of the Chinese market,the revenue level of the game industry has been growing continuously in recent years,with mobile games accounting for 57%.Firstly,this paper combs the current situation of the economic activities of Shanghai Game Center,and then analyses the risk points in each link of economic activities.It is found that these problems are mainly due to the lack of risk awareness of enterprise management,incomplete organizational structure,and imperfect credit management system.At the same time,due to the market economic environment.Poor performance also leads to excessive pursuit of market share.In view of the above problems,this paper puts forward the following improvement countermeasures based on the pre-event,in-event and post-event of accounts receivable: improving the control process in the stage of market development and credit evaluation beforehand,ensuring timely receipt of invoices by customers in the event,improving the settlement mode with game carriers,and refining the age structure of accounts receivable by financial departments.Analyse and improve the policy of bad debts collection and write-off,improve the process of receipt and refund after the event,establish a sound recovery mechanism,and encourage employees to establish a unified goal and key results.Through a series of studies,this paper draws the following two conclusions: 1.Risk prevention is the key point of internal control of accounts receivable.Only by doing well in advance can we reduce the manpower cost in the process of analysis and recovery of overdue accounts receivable in the later period of the company,and at the same time reduce the loss of bad debts;2.Construct a relationship with the actual situation of the enterprise.Compatible control system is the key to the success of internal control of accounts receivable.