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1
Kemarska, Liliia. "THE FEATURES OF ACCOUNT RECEIVABLES ACCOUNTING AT COKE ENTERPRISES." ECONOMIC BULLETIN OF THE DNIPROVSK STATE TECHNICAL UNIVERSITY, no. 1(2) (June 2, 2021): 100–110. http://dx.doi.org/10.31319/2709-2879.2021iss1(2).232598pp100-110.
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The article examines the features of account receivables accounting at coke enterprises in Ukraine. Different approaches for defining the «account receivable» term by domestic and foreign researchers were examined, the difference between interpretations was determined. Various approaches to the account receivable classification were explored, the classification attributes were generalized on the basis of the conducted research. It was proposed to extend the existing classification with the following attributes: by agreement with counterparties, by currency of debt, by legitimacy of occurrence. According to the added classification attributes, the types of account receivables were distinguished (сoncerted and the unconcerted account receivable on a sum and terms, for example, not confirmed claims fines; real and fictitious account receivable, that is represented in an account without actual realization of economic operation or as a result of economic operations that is confessed by a court as incompetent). The features of account receivables accounting at the PJSC “DNIPROVSKY CCP” were examined. In accordance with the chosen accounting policy, the classification of account receivables at the enterprise was highlighted. The features of registration of primary documents of origin and repayment of account receivable for various business transactions were analyzed. The features of recognition and assessment of account receivable, the procedure for forming the provision for doubtful debts were revealed, the procedure and grounds for writing off debts, the features of its reflection in the financial statements were determined. For more detailed accounting of account receivables in the enterprise, measures to improve accounting were proposed. For account receivables accounts in the enterprise, it is proposed to introduce sub-accounts for accounting of debts for which the payment deadline has not come, and debts that have not been repaid on time. For accounting the doubtful debt reserve for long-term and short-term account receivables it’s proposed to introduce separate sub-accounts to the account of the accounting of the doubtful debts reserve. Based on the proposals made the changes to the working card of accounts of the PJSC “DNIPROVSKY CCP” were developed.
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Suwantari, N. L. M. Puri, I. M. Ariana, and P. Adi Suprapto. "Accounting Analysis in Accounts Receivable Management to Minimize the Risk of Uncollectible Receivables at ALS Hotel and Resort." Journal of Applied Sciences in Accounting, Finance and Tax 3, no. 2 (October 30, 2020): 117–24. http://dx.doi.org/10.31940/jasafint.v3i2.2133.
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ALS Hotel and Resort applies a credit policy in its operations. The high level of credit sales owned by the hotel, which is followed by the high number of delinquent receivables, has the potential to become uncollectible accounts. Therefore, proper management of accounts receivable is required. This research aims to determine the effect of the application of accounts receivable accounting treatment on the effectiveness of accounts receivable management in minimizing the risk of uncollectible receivables at ALS Hotels and Resort. This research used data obtained through unstructured interviews, observation, and documentation. The data analysis technique used was descriptive qualitative analysis technique and quantitative descriptive. The results of this research showed that the accounting treatment for ALS Hotel and Resort accounts receivable was following the Financial Accounting Standards. Accounts receivable management effectiveness was not yet effective because hotel management has not considered all 5C principles. The receivables collection policy has not been optimal due to the receivable turnover ratio and average collection period that show sub-standard results and impact on the arrears and billing ratios. The suitability of accounting treatment for accounts receivable provides relevant information that the management of accounts receivable to minimize uncollectible receivables has not been effective.
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Bawani, Anak Agung Gek Sri, I. Gusti Ayu Astri Pramitari, and Ketut Nurhayanti. "The Analysis of Accounting Treatment of Account Receivable Based on PSAK No. 50 and PSAK No. 55 at PT Wahana Boga Nusantara." Journal of Applied Sciences in Accounting, Finance, and Tax 4, no. 2 (October 13, 2021): 105–10. http://dx.doi.org/10.31940/jasafint.v4i2.105-110.
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The purpose of this study is to analyse and compare the accounting treatment of account receivable applied by PT Wahana Boga Nusantara with PSAK No. 50 and No. 55 revisied in 2014. This study uses descriptive data analysis techniques with a qualitative approach. The data collection method used is an interview with the Manager of the Financial Department and the Head of Account Receivable section on receivables accounting policy. The treatment of receivables accounting, non participant observations, and documentation with the documents used are financial position statements, profit and loss statements, receivables age lists, recapture of credit sales data during 2020. This study showed that the recognition of receivables has been by PSAK number 55 the revised the year 2014 because receivables are recognized when goods have been shipped and received by customers. Meanwhile, the measurement and presentation of receivables are not appropriate because they are not measured and presented at fair value.
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Verbytska, V., and Ya Nasonenko. "MANAGEMENT OF RECEIVABLES OF THE ENTERPRISE." Series: Economic science 7, no. 167 (November 30, 2021): 23–27. http://dx.doi.org/10.33042/2522-1809-2021-7-167-23-27.
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The article examined the current state of planning financial obligations and noted the urgency of the problem of the existence of receivables. The urgency of the problem arises due to the presence of a significant share of receivables in the assets of enterprises. The emergence of a problematic issue is the reason for the search for new ways and methods of control over accounts receivable. The organization and methodology for accounting for receivables for goods is shown on the example of TOV "EMSS". We found out that most of the company's income comes from the sale of equipment for the road construction industry, in particular, testing and diagnostic laboratories. The organization of accounting and the main problematic issues of management accounting of receivables in TOV "EMSS" are investigated. The stages of work with contractors are described and the essence of each stage is described in detail. The stage of generating an invoice for payment is considered the moment of the beginning of the receivable to the seller. It has been established that the enterprise is most characterized by current accounts receivable for products, goods and services. At the same time, the company has no bad accounts receivable. The terms of payment for goods and services formed at the enterprise are described. The state and features of management accounting of receivables and their monitoring have been investigated. The main reasons for the origin of accounts receivable in TOV "EMSS" have been clarified. The necessity of work on improving the accounting of receivables and payables has been substantiated. Measures are proposed to reduce the occurrence of accounts receivable and recommendations for improving its information support are developed. The essence of the proposed measures is to automate the information base on accounts payable and receivable of settlement participants; discussion and inclusion in contracts of all obligations between the parties at the stage of concluding the contract; fast fulfillment of obligations for the supply of goods and services; prompt updating of the state of mutual debt, keeping records and reporting of ongoing mutual settlements.
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BULKOT, Hanna, and Maryna KHUKALENKO. "Features of accounting and controlling accounts receivable on enterprises, institutions, organizations of Ukraine." Economics. Finances. Law, no. 1 (January 21, 2020): 6–9. http://dx.doi.org/10.37634/efp.2020.1.1.
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Introduction. In the course of business activities of the enterprise (operational, investment and financial) relations with various individuals and legal entities emerge inevitably. They include suppliers and contractors, buyers, customers, banks etc. Accounts receivable arise in the course of these relationships. The issue of receivables is relevant and important for the organization of accounting of each enterprise, especially in the current business environment in Ukraine. Receivables affect the economic activity of any organization in such a way that receivables that are not closed for a long time (so the company has doubts about its return), respectively, first of all, worsen the financial condition of the company, and there is a deterioration in cash flow. Therefore, effective arrangement of settlements should directly help strengthen contractual discipline between contracting parties, increase the responsibility of the enterprise for the time period and fulfilling all payment obligations in full, accelerate cash flow, etc. The purpose of the paper is to analyze the issue of accounts receivable and their control, to develop proposals to improve accounting and monitoring accounts receivable, which will allow to improve their reflection and control in the future, without leading to the emergence of bad debts. Results. The article is devoted to the issue of accounts receivable, their accounting and control at enterprises, institutions, organizations of Ukraine. The theoretical and practical aspects of the interaction of the enterprise with the debtors and the emergence of the receivables were explored. Ways of improving the accounting and monitoring of accounts receivable were analyzed. Issues of controlling accounts receivable by activity of the enterprise were considered. Conclusion. Thus, receivables are an important component in the operation of any enterprise. Therefore, the organization of accounting receivables at enterprises of any ownership form contributes to the ordering of information; transparency, relevance and reliability of the data obtained with the settlements with debtors. It is important to anticipate and prevent an excessive increase in accounts receivable in advance because effective debt management is one of the prerequisites for successful business activity, since it creates the preconditions for rapid business growth and increased financial capacity of the company. The control over such accounts receivable, their systematic nature and periodicity are also important, improving the operation in terms of interaction with counterparties.
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Dombrovskaya, E. N. "About recognition of accounts receivable as uncollectible and its write-off in accounting and tax accounting." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 11 (November 1, 2021): 6–14. http://dx.doi.org/10.33920/med-17-2111-01.
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The article discusses the features of classification and recognition of accounts receivable in the accounting of medical organizations belonging to public sector organizations. The problems of the article are particularly relevant due to the presence of receivables from almost all medical organizations. Based on the review of the existing regulatory framework, the procedure for recognizing receivables as doubtful and uncollectible, effective in 2021, is considered. The article also contains requirements for writing off uncollectible receivables in accounting and tax accounting. The material of the article has been prepared taking into account the explanations contained in the Letter of the Ministry of Finance dated June 3, 2021 No. 03-03-06/1/43317, as well as other relevant documents, orders and letters of the Ministry of Finance and explanations of specialists.
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Mamontova, Nataliya, and Tetyana Korniychuk. "FEATURES OF ACCOUNTING RECEIVABLES ACCORDING TO NATIONAL AND INTERNATIONAL STANDARDS." Scientific Notes of Ostroh Academy National University, "Economics" Series 1, no. 21(49) (June 24, 2021): 115–19. http://dx.doi.org/10.25264/2311-5149-2021-21(49)-115-119.
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The article highlights the features of accounting receivables at the enterprise based on a comparison of national and international standards. The authors identified conceptual problems in accounting receivables and clearly outlined the differences between national and international accounting standards. An explanation of the differences in the standards themselves as the basic regulations governing the reflection of receivables in accounting. The experience of foreign countries, in particular the United States, on the peculiarities of accounting receivables is also reflected. The concept of bad receivables and its reflection in national and international standards is defined separately. An important role is played by the classification of receivables for accounting and reporting purposes. The authors identified possible threats in case of non-compliance with the rules of classification of receivables and risks to the financial stability of enterprises. An important place in the article belongs to the question of the relationship between the concepts of bad receivables and receivables to be written off, i.e. the statute of limitations has expired. It should be noted that International Financial Reporting Standards do not have an interpretation of the concept of "Accounts receivable", as defined in the Ukrainian accounting legislation. This becomes a contradictory point in the preparation of financial statements according to international standards. That is why the authors propose to apply a specific classification of receivables depending on the maturity in order to simplify the preparation of financial statements. Also the accrual of the provision for doubtful debts and the choice of the method of its calculation in accordance with national provisions (standards) of accounting and financial reporting is important. Proper and timely calculation of the doubtful debts provision gives companies the opportunity to reduce the base of income tax. Most Ukrainian companies choose the "absolute amount" method, which is a simpler and more realistic option if there are not many overdue debts. The authors also suggest options for improving the accounting of receivables in accordance with national and international standards.
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Ilmayani, Nur Fitri, and Elfreda Aplonia Lau. "ANALISIS PENGENDALIAN PIUTANG USAHA PADA PT. ASTRA MULTI FINANCE (SPEKTRA) SAMARINDA." Research Journal of Accounting and Business Management 4, no. 1 (June 10, 2020): 46. http://dx.doi.org/10.31293/rjabm.v4i1.4681.
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This study aims to determine and analyze the control of trade receivables at PT. Astra Multi Finance (SPEKTRA) Samarinda, considering that the company is increasing its profits by selling loans. The sale of credit does not immediately generate cash receipts, but it raises accounts receivable. This trade receivable will be effective in increasing sales if carried out supervision or control, it is necessary to study the effectiveness of internal control over the trade receivable. The theory that underlies this research is management accounting specifically about receivables and control of receivables. The analytical tools used in this study are Receivable Turn Over, Average Collection Period, Arrears Ratio and Billing Ratio The results showed that: first, Receivable Turn Over every year has increased which means that control of receivables from year to year more effective. Second, the Average Collection Period from year to year is getting faster which shows that the billing department can collect receivables into cash faster. Third, the calculation of the Arrears Ratio has decreased which shows that the amount of outstanding arrears has decreased, this is good for the company because the amount of receivables is getting smaller. Fourth, the calculation results of the Billing Ratio have increased each year. Thus it was concluded that control of receivables at PT. Astra Multi Finance (SPEKTRA) Samarinda has been carried out effectively.
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Andika, Cicilia, and Siti Sunrowiyati. "ANALISIS PERLAKUAN AKUNTANSI PIUTANG UNTUK MENILAI KEWAJARAN PENYAJIAN LAPORAN KEUANGAN." Jurnal Penelitian Teori & Terapan Akuntansi (PETA) 1, no. 1 (June 16, 2017): 104–21. http://dx.doi.org/10.51289/peta.v1i1.206.
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Abstrak. Analisis Perlakuan Akuntansi Piutang untuk Menilai Kewajaran Penyajian Laporan Keuangan. Tujuan penelitian ini adalah untuk mengetahui bagaimana perlakuan akuntansi piutang dan cadangan kerugian piutang sehingga menunjukkan penyajian yang wajar dalam laporan keuangan dan sesuai dengan standar kualitas laporan keuangan. Metode studi kasus digunakan dalam penelitian ini. Hasil penelitian menunjukkan bahwa 1) UD. Sinar Jaya menyajikan piutang sebesar nilai bruto piutang dan tidak membuat cadangan kerugian piutang untuk mengurangi resiko piutang tak tertagih pada suatu periode; 2) Piutang diakui sampai batas waktu yang tidak bisa diperkirakan. 3) Uang muka pembayaran tidak dipersyaratkan dalam transaksi kredit UD. Sinar Jaya. Implikasi penelitian ini diantaranya: 1) sebaiknya pada akhir tahun, UD. Sinar Jaya mengestimasi piutang tak tertagihnya; 2) Perusahaan dapat menghitung cadangan kerugian piutang (CKP) menggunakan taksiran persentase keterlambatan pelunasan piutang tahun-tahun berikutnya; 3) Kebijakan besaran uang muka penting untuk diterapkan; 4) Melakukan penagihan piutang jatuh tempo sesegera mungkin; 5) Lebih selektif lagi memberikan kredit kepada calon debiturnya. Kata kunci: Akuntansi Piutang, Cadangan Kerugian Piutang, Kewajaran Laporan Keuangan. Abstract. Analysis of Accounts Receivable Treatment to Assess the Fairness of Presentation Financial Statements. The purpose of this study is to find out how the accounting treatment of receivables and reserves of receivables losses so as to show a reasonable presentation in the financial statements and in accordance with the quality standards of financial statements. A case study method was used in this study. The results showed that 1) UD. Sinar Jaya presents accounts receivable at the gross amount of the receivables and does not make any allowance for losses on accounts receivable to reduce the risk of uncollectible receivables in a period; 2) Receivables are recognized to an unpredictable time limit. 3) Payment advances are not required in UD credit transactions. Sinar Jaya. The implications of this research are: 1) preferably at the end of the year, UD. Sinar Jaya estimates its uncollectible accounts; 2) The Company may calculate the receivables loss (CKP) using the estimated percentage of delay in settlement of receivables for subsequent years; 3) The policy of advance payment is important to implement; 4) Collect receivables due as soon as possible; 5) More selective again giving credit to prospective borrowers. Keyword: Accounting Receivables, Accounts Receivable Losses, Fairness of Financial Statements.
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Březinová, Hana, and Pavel Štohl. "Conservative Accounting of Receivables." Český finanční a účetní časopis 2011, no. 3 (October 1, 2011): 119–24. http://dx.doi.org/10.18267/j.cfuc.127.
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Mordan, Ie, and A. Solomakha. "SYSTEMIC APPROACH TO ENTERPRISE DEBT MANAGEMENT." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 2 (2019): 70–79. http://dx.doi.org/10.21272/1817-9215.2019.2-9.
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The article is devoted to generalization of theoretical bases and practical recommendations on improvement of the system of receivables management in the period of fierce competition and intensive development of debt relations between enterprises. In order to build an effective system, the management object - receivables - has been studied in detail. The approaches to understanding the nature of accounts receivable and the author's definition of it are distinguished. Receivables are grouped according to different classification characteristics, which is primarily of practical importance, allowing to build a clear system for accounting and analysis of the presence and movement of receivables and to form an effective system for their management by individual types. The reasons for the objective necessity of forming receivables as a certain form of working capital existence are identified. A thorough analysis of the concepts in the scientific literature of the concept of "management of accounts receivable". The researches made it possible to create a comprehensive system of receivables management, which is based on the interaction of the target, organizational, structural, management and information subsystems. A characteristic is given to each subsystem and its constituent elements. The subjects and objects of management are specified, their interaction is considered, goals and tasks are outlined. It is determined that the functions of the management system are analysis, planning, regulation and control, the principles on which it is based are continuity, periodicity, consistency, autonomy, prudence and full coverage, and the methods of management are psychological, economic, legal and alternative instruments. The implementation of the receivables management system implies the implementation of a series of sequential measures in the form of certain steps, which are considered in the work, aimed at reducing the risk of arrears or bad receivables. Keywords: accounts receivable, accounts receivable management, management system, accounts receivable.
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Ivanova, T. N. "Accounting policy of receivables at construction enterprises." Ways to Improve Construction Efficiency, no. 46 (October 16, 2020): 136–43. http://dx.doi.org/10.32347/2707-501x.2020.46.136-143.
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Analysis of existing approaches to the organization of accounting processes at the enterprise shows that an important element of the accounting policy of the construction company is to create approaches to accounting for receivables in the system of settlements with customers and its reflection in the financial statements. The formed accounting policy on receivables significantly affects the value of financial condition and performance of the enterprise.
The purpose of the study is to analyze existing approaches to determining the accounting policy in terms of receivables, improving the accounting process and improving the efficiency of settlements in construction companies in modern business conditions.
The article considers the existing requirements of the legislation on the accounting policy of settlement operations of the enterprise, the procedure for creating a reserve for doubtful debts, receivables write-off. The provisions of the accounting policy of receivables proved needed to be clarified and detailed in order to improve the efficiency of settlement management and financial condition of the enterprise.
It is proposed to develop a work plan of accounts, job descriptions of the accountant for settlement operations, document flow schedule (in particular in terms of settlement operations), registers of analytical accounting of receivables and other applications that directly regulate the accounting of receivables in the system of settlements with buyers. enterprise. The proposed elements of the accounting policy relate to the debts of customers and are subject to disclosure in the Order on the accounting policy of the enterprise. Adherence to the developed elements of accounting policy will provide reliable information on the company's settlements with debtors, rationally organize the accounting of receivables in the system of settlements with customers, to obtain reliable and complete information about the debt.
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Huda, Haris Ihsanil. "Sistem Informasi Akutansi Data Pinjaman menggunakan Metode Umur Piutang pada PT. BPR Arthama Cerah." Kompak :Jurnal Ilmiah Komputerisasi Akuntansi 14, no. 1 (July 1, 2021): 178–85. http://dx.doi.org/10.51903/kompak.v14i1.672.
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Loans or Receivables are a sizeable part of current assets and have an important influence on the survival of the company, to be able to manage receivables properly an information system is needed. The information system in question is to secure and control receivables from irregularities, errors, it is necessary to have a good information system for receivables. To control receivables can also use the aging method of receivables. With the management of the Loan Data Accounting Information System with the Age of Accounts Receivable Method, it will be easier to calculate the age of customer receivables. The required data information will be obtained more quickly and it is hoped that there will be no delay in presenting the required reports. To further researchers, the authors suggest that they can develop the program that the author designed into a more perfect program and a wider scope of program scope.
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NECHAEVA, Marina L., Tat'yana N. KUTAEVA, and Ekaterina S. GUROVA. "Effective accounts receivable management." Finance and Credit 28, no. 1 (January 31, 2022): 63–80. http://dx.doi.org/10.24891/fc.28.1.63.
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Subject. This article deals with the issues of effective management of receivables to ensure the financial sustainability of commercial organizations. Objectives. The article aims to study the concepts of receivables in the aspect of legal, accounting and economic approaches, analyze the methodology of accounts receivable management, and develop measures to manage it. Methods. For the study, we used analysis and synthesis, abstraction, generalization, and the economic analysis, statistical and economic methods. Results. The article presents methodological tools for managing receivables in order to improve the financial sustainability of commercial organizations. Conclusions. The proposed measures to manage receivables will contribute to effective control over the use of financial resources of the organization and timely adoption of management decisions.
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OLADNICHUK, N. V., S. M. KONZEBA, and O. D. PODLUBNA. "RECEIVABLES ACCOUNTING: THE PROBLEMS AND THE WAYS TO SOLVE THEM." Herald of Kiev Institute of Business and Technology 42, no. 4 (December 23, 2019): 64–68. http://dx.doi.org/10.37203/kibit.2019.42.10.
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In the accounting of a business entity, liabilities do not arise at the time of the conclusion of the contract, but after one of the parties envisaged in it the actions that result in receivables between contractors. Accounts receivable results in the withdrawal of funds from an enterprise's cash flow, which adversely affects its financial position. Delayed payments create mutual debt between the producers of the product and its consumers, which lead to arrears of internal and external payments.
The rapid pace of inflation in the current economic space, the immobilization of a large part of the enterprise's receivables significantly slows down the financial cycle of the enterprise, which adversely affects the performance of economic entities. Ensuring proper analysis of settlement transactions and maturity of debtors due to significant changes in the economy of the state, its market direction and the need for independent objective control of economic activity of enterprises.
Accounts receivable management provides for control over the turnover of funds in payments. Therefore, it is advisable to control accounts receivable by preliminary analyzing the state of accounts receivable by terms of its formation. Analysis of accounts receivable is one of the main tasks of the analysis of the economic activity of the enterprise as a whole, which provides identification of negative trends for its financial condition.
A comprehensive approach to solving the problems of accounts receivable will ensure the proper formation of background information necessary for prudent management decisions, will facilitate the rational organization of accounting and analysis in all its areas, as well as will be able to promptly and fully obtain the necessary accounting and economic information on the form of accounting and economic information debt and its timely repayment.
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Gerasimova, L. "Accounting and Analytical Mechanism for Managing Accounts Receivable in Construction." Auditor 7, no. 2 (March 5, 2021): 39–50. http://dx.doi.org/10.12737/1998-0701-2021-7-2-39-50.
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Th e article considers the mechanisms of accounting and analysis of accounts receivable in the construction industry. Th e author highlighted the accounting tools that are used by construction companies, depending on the territorial and technological features of the industry. Th e issue of determining the size of the construction company’s own funds, taking into account diff erent types of receivables, is considered. A methodology for analyzing accounts receivable in the construction industry is proposed in order to optimize the size of accounts receivable of construction companies.
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Cahyo, Hari, Henny Tri Astuti Kurnia Ningsih, and Farida Khairani Lubis. "PENGARUH SISTEM INFORMASI AKUNTANSI PENJUALAN DAN PENGENDALIAN INTERNAL TERHADAP EFEKTIVITAS PENGENDALIAN PIUTANG PADA PT BAROKAH ADI SEJAHTERA MEDAN." JRAM (Jurnal Riset Akuntansi Multiparadigma) 8, no. 1 (August 2, 2021): 9–17. http://dx.doi.org/10.30743/akutansi.v8i1.4059.
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PT. Barokah Adi Sejahtera Medan is a company engaged in cargo and shipping services. In carrying out its business, the sales accounting information system and internal control must be implemented properly so that receivables can be minimized effectively. The operational activities and transactions that occur daily look diverse. In an effort to increase sales of the company, the need to control receivables that have an important role to sell in order for the sales to occur in accordance with procedures and able to generate maximum profitability for the company. The research concluded that accounting information systems have a positive and significant effect on receivables control as the results of the study based on the t test that t-count is greater than the t-table of 2.94 2.02. Internal Control has a positive and significant effect on receivable control as the results of the study based on the t-test that the t-count is greater than the t-table of 2.92 2.02. Simultaneously or jointly Accounting Information System (X1) and Internal Control (X2) affect receivable control (Y) as the calculation of simultaneous tests i.e. F-count is greater than f-table or 8,285 4.08. The magnitude of the influence of variable X1, X2 on[ variable Y based on determinant test is 55.60%
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Клычова, Guzaliya Klychova, Хамидуллин, and Zulfat Khamidullin. "CURRENT ISSUES IN MONITORING AND CONTROL OF RECEIVABLES." Vestnik of Kazan State Agrarian University 11, no. 1 (March 25, 2016): 109–13. http://dx.doi.org/10.12737/19337.
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In this article the value of receivables as part of the system of cash payments the company, identified the main management and control issues, ways to solve them. To improve the methodology and the organization of accounting and control of cash payments and, in particular, accounts receivable, perhaps by identifying potential problems in the system of enterprise accounts and applying practical advice,
Tags: accounts receivable management, commitment control, solvency, payment and settlement relations.
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BONDARENKO, Olha, and Iryna MASIUK. "Audit methodology. Formation and write-off of receivables and payables." Economics. Finances. Law, no. 7 (July 30, 2020): 10–13. http://dx.doi.org/10.37634/efp.2020.7.2.
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Introduction. The share of receivables and payables in the structure of the balance sheet has a high percentage, which certainly affects the production process as a whole. Every receivable is someone's accounts payable and vice versa. Each company faced non-payment of debts in any direction. In this article, we will consider the control over settlements with counterparties and the procedure for writing off and forming bad receivables and payables. The purpose of the paper is to study the audit process at the enterprise in the section of receivables and payables. Identify the processes of writing off bad debts. Results. The audit of accounts payable and receivable is relevant in connection with the introduction of the International Accounting Standards in the management of the enterprise, the constant change in the legal framework of Ukraine. Settlements with debtors and creditors for goods and services have a significant impact on the functional activities of the enterprise, so when the audit firm checks all the nuances of accounting in this area, the main factor of fair conclusions is the provision of reliable information. The main source of information is financial statements, where receivables have a significant share in the assets of the balance sheet, and accounts payable in the liabilities of the balance sheet. Conclusion. Debt write-off is an important component in settlements with counterparties. More often than not, we are faced with bad debts. For the correctness of the display of information and write-off of receivables, the company creates a reserve of doubtful debts, which is reflected in account 38 "Reserve of doubtful debts". To write off accounts payable, the company must have important evidence, documents that are approved in accordance with the law.
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Adiguzel, Guldehen. "Credit Quality of Trade Receivables and Its Impact on Cash Holdings and Firm Value." International Journal of Business Administration 12, no. 2 (March 10, 2021): 88. http://dx.doi.org/10.5430/ijba.v12n2p88.
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This paper aims to define a variable that indicates the credit quality of trade receivables and test its impact on corporate cash holdings and corporate value. Based on a sample of publicly listed firms from the United States, we provide evidence that as the credit quality of trade receivables deteriorates, firms tend to keep higher levels of cash. This finding is in line with the precautionary motive for holding cash. Additionally, when trade receivables credit quality gets worse, corporate value is reduced. In all regressions, we treat trade receivable policy variables as endogenous because of concerns regarding omitted variables bias. Moreover, we provide the first large-sample US evidence about the negative and non-linear impact of investment in trade receivables on corporate value. We utilize system GMM in all estimations. The major contribution of this study to the accounting and trade credit literature is the introduction of a variable that aims to denote the credit quality of trade receivables and the empirical evidence about the impact of deterioration in trade receivables credit quality on cash holdings and corporate value. This study also extends the literature by delivering the first large-sample evidence for the US regarding the nature of the relationship between investment in trade receivables and corporate value.
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Farooq, Umar, Muhammad Ali Jibran Qamar, and Krishna Reddy. "Impact Size and Determinants of Indirect Cost of Financial Distress: Role of Receivable and Inventory Management." Asian Academy of Management Journal of Accounting and Finance 16, no. 2 (December 23, 2020): 179–207. http://dx.doi.org/10.21315/aamjaf2020.16.2.8.
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This research investigates the opportunity cost as an indirect cost of financial distress from two perspectives. First, indirect cost is estimated using multi-stage financial distress and non-linear proxy of debt. Second, receivable and inventory management are studied as determinants of indirect cost. The sample includes ongoing Pakistani firms that were healthy in the previous year and documenting positive gross profit. Results showed that firms bear opportunity loss primarily due to leverage rather than multistage financial distress. However, a non-linear relationship is found between leverage and indirect cost. Results further explored the impact of multistage financial distress on internal operations, i.e., working capital policies. It is found that firms manage receivable and inventory simultaneously during the multistage financial distress. Results revealed that increasing receivables and decreasing inventory is suitable during the transition of healthy firms to initial stage of financial distress, i.e., profit reduction. However, decreasing receivables, along with holding more inventory, is recommended for healthy firms that face liquidity problems subsequently. It is concluded that managers can reduce the indirect cost after deploying the optimal debt ratio and recommended receivable and inventory management policies.
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Czopek, Kazimierz, and Beata Trzaskuś-Żak. "Optimisation of Receivables Management in a Mine, Using Linear Programming / Optymalizacja zarządzania należnościami w kopalni z wykorzystaniem programowania liniowego." Archives of Mining Sciences 58, no. 2 (June 1, 2013): 541–50. http://dx.doi.org/10.2478/amsc-2013-0036.
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The paper presents an example of a theoretical linear programming model in the management of mine receivables. To this end, an economic production model of linear programming was applied to optimising the revenue of the mine. The amount of product sold by the mine to individual customers was assumed as the decisive variable, and the product price was the parameter of the objective function. As for boundaries, upper receivable limits were assumed for each of the adopted receivable collection cycles. The sequence of collection cycles, and the receivable values assigned to them, were adopted according to the growing probability of overdue and uncollectible receivables. Two receivables-management optimisation cases were analysed, in which the objective function was to maximise the sales value (revenue) of the Mine. The first case studied in the model involves application of a discount to reduce the product price, in a mine whose production output is not being used to capacity. To improve cash flow, the mine offers its customers a reduced price and increased purchasing up to the mine’s capacity in exchange for shortened receivable collection times. Fixed and variable-cost accounting is applied to determine the relevant price reduction. In the other case analysed, the mine sells as much as its current output allows, but despite that is still forced to reduce the price of its products. Application of a discount in this case (reducing the product price) inevitably involves shortened receivable collection times and reduced costs of financing trade credit.
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Novitasari, Maya, and Rizka Hardiyanti. "ANALISIS PENGELOLAAN PIUTANG DAN POTENSI PIUTANG YANG TIDAK TERTAGIH SEBAGAI TINDAK LANJUT KEBIJAKAN PEMBAYARAN KREDIT PADA BIMBINGAN BELAJAR X DI MADIUN." INVENTORY: JURNAL AKUNTANSI 1, no. 1 (February 24, 2018): 67. http://dx.doi.org/10.25273/inventory.v1i1.2285.
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This study aims to analyze the management of receivables and the potential of uncollectible receivables as a follow-up policy of credit payments on the guidance of learning X in Madiun.Piutang is one type of accounting transactions that take care of consumer billing is owed to a person, a company, or an organization for goods And services that have been given to the consumer. This research uses experimental research method is research that deliberately researcher manipulation to one variable with a certain way so that influence on one or more other variable that measured. In addition, Gay (1981: 207-208) states that experimental research methods are the only research method that can correctly test hypotheses concerning causal relationships (causation). The results of research conducted at the Institute of Tutoring X in Madiun, the researcher concludes that the management of accounts receivable and uncollectible potentials in the institution of learning guidance X in Madiun there has been improvement in the new academic year 2016-2017. So that in the new academic year 2015-2016 is no longer any receivables that are not collectible, but there is still a policy of payment on credit that must be paid every maturity.<p><br /><strong>Keywords : Receivables Management, Unsecured Accounts Receivable Potential and Follow-Up Credit Policy.</strong></p>
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Kruchak, Liudmyla, and Volodymyr Muravskyi. "Automation of receivables accounting based on an integrated database of counterparties." Herald of Ternopil National Economic University, no. 1(83) (February 22, 2017): 109–18. http://dx.doi.org/10.35774/visnyk2017.01.109.
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The development of information and communication technology has led to the introduction of electronic communication channels to accounting processes. Electronic communications provide information interaction of all debtors and creditors of a company, through which collec- tion, processing and storage of data on payments to counterparties take place in a consoli- dated database. The received primary information can be used to automate receivables ac- counting. Theoretical and practical issues related to automation of receivables accounting are identified. The purpose of the article is to theoretically justify and practically introduce the possibilities of setting up a consolidated database on counterparties of a company; to study communication and organizational aspects of automation of receivables accounting in terms of modern information technology. The subject matter of the study is automation of receivables accounting in a company. The scope of the study is a set of theoretical, methodological and practical aspects of automated accounting of receivables through the introduction of a consolidated database of counterparties. Methods of analysis and synthesis are used to structure the area of research through identification and formalization of automation of receivables accounting facilitated by information and communication technology. The article considers a matter related to automation of receivables accounting and proposes recommendations on the introduction of an automated system for settlement with debtors in a company. The authors have developed an information model of a consolidated database which contains information on counterparties, contract relations, and settlement of receivables. A consolidated database acts as an information environment for electronic interactions of all participanys of financial transactions. There is an information exchange between suppliers, customers, banking institutions, legal and factoring organizations, state fiscal and statistics services. However, public access to a consolidated database can lead to a loss of confidential information, which means the need for valid methods of information protection of a company’s accounting system.
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Hardiyanti, Rizka. "ANALISIS PENGELOLAAN PIUTANG DAN POTENSI PIUTANG YANG TIDAK TERTAGIH SEBAGAI TINDAK LANJUT KEBIJAKAN PEMBAYARAN KREDIT PADA BIMBINGAN BELAJAR X DI MADIUN." INVENTORY: JURNAL AKUNTANSI 1, no. 1 (July 17, 2019): 45. http://dx.doi.org/10.25273/inventory.v1i1.4713.
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<em>This study aims to analyze the management accounts and the potential doubtful as a follow-up loan payments policy on tutoring X in Madiun. Accounts receivable is one type of accounting transactions dealing with the billing of consumers is owed on a person, a company, or an organization for goods and services that has been given to the consumer. Results of research conducted at the Institute of tutoring X in Madiun, the researchers conclude that the management of receivables and the potential doubtful at a tutoring agency X in Madiun there have been improvements in the new school year 2016-2017. So in the new academic year 2015-2016 is no longer doubtful, but still no payment policy on credit to be paid each maturity. <strong>Keywords: </strong>Receivables Management, Potential Accounts Receivables photo and Follow-Up Credit Policy</em>
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Koval, Khrystyna, and Olena Rasborska. "PROSPECTS OF DEVELOPMENT OF ACCOUNTING AND ANALYSIS OF RECEIVABLES IN SOLVING THE PROBLEM OF CONTINUITY OF ACTIVITY OF THE ENTERPRISE." Economic Analysis, no. 31(3) (2021): 150–59. http://dx.doi.org/10.35774/econa2021.03.150.
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Introduction. Accounting for receivables is one of the most important components of modern enterprises. This issue is especially relevant in today's volatile market conditions, as many enterprises, especially in the small business sector, have experienced a decline in solvency due to the COVID-19 pandemic and the introduction of quarantine measures. It becomes difficult for companies to ensure a high level of sales and timely repayment of debts by buyers of products. That is why the issue of effective management of receivables is becoming one of the priority tasks of the company today. The purpose of the work is to study the theoretical and practical aspects of accounting for receivables, to summarize the existing problems of accounting and analysis of receivables in conditions of instability and to find ways to solve and improve them. Method (methodology). In the proccess of research were used scientific methods and approaches, in particular, comparisons to study international and national standards in the field of accounting for receivables; the analytical method was used to analyze the performance of the real enterprise, as well as a tabular method for interpreting the analysis in a visual form. Results. Researched and analyzed international and national standards as imperatives for the development of accounting for receivables; the methods of its analysis are generalized. On the basis of the conducted research the problems of accounting of receivables available at domestic enterprises were singled out and the ways of their decision and ways of optimization were offered.
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Kutsyk, Petro. "STATISTICAL ANALYSIS OF THE RECEIVABLES OF ENTERPRISES OF HOUSING AND COMMUNAL SERVICES: ACCOUNTING SUPPORT." Three Seas Economic Journal 1, no. 3 (December 18, 2020): 53–58. http://dx.doi.org/10.30525/2661-5150/2020-3-9.
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The branch characteristics of activity of the enterprises of housing and communal services are defined with features of management of receivables: its absence of alternative concerning partially rendered services to consumers that would directly influence reduction of incomes of the enterprise of housing and communal services; its impossibility of resale of services, lack of clear control over the quality of services provided and its price, which leads to dissatisfaction with the social needs of the population; its lack of flexible discounts for honest payers of housing and communal services. The analysis of the structure of receivables of the population for the consumed housing and communal services of the enterprises of the Lviv region during April-August 2020 is carried out. It is established that the use of inefficient methods of housing management leads to low payment discipline of buyers, which contributes to the deterioration of the financial condition of the industry as a whole. Therefore, methods of accelerating the payment of receivables with appropriate reporting on the quality of services provided should be actively used. The dynamics of the amount of funds for which agreements on debt restructuring for housing and communal services have been concluded, and the amount repaid by consumers-debtors indicates increased activities on concluding contracts and gradual repayment of debts by consumers. In case of overdue receivables for housing and communal services, the consumer should be reminded of the need to pay the debt in different ways. These are in the form of a re-receipt, correspondent (send by registered mail on demand), SMS, or call, or direct visit of the housing and communal services department representative to the service object, and finding out the cause of existing receivables, the order of criteria for their classification into doubtful and bad types of receivables. The purpose of the research is to identify sectorial characteristics of housing and communal services, which determine the features of receivables management and improve the methodology of statistical analysis of receivables to identify causes of late payment of housing and communal services and ways to motivate consumers to repay debts. Methodology. The method of statistical analysis of receivables is developed to be carried out in three stages: analysis of the structure of receivables; analysis of the dynamics of receivables for communal services; analysis of the effectiveness of receivables restructuring. Results. The following stages of statistical analysis of receivables for housing and communal services are offered. Analysis of the structure of receivables to determine the types of housing and communal services for which we observe the largest and smallest share in total is proposed. Analysis of the dynamics of receivables for communal services to determine trends in indicators in the regional aspect is suggested. Analysis of the effectiveness of the restructuring receivables (provides for the calculation of the increase in the number of agreements on debt restructuring and assessment in the dynamics of repayment of these receivables) is proffered. Practical implications. We identified effective management methods of receivables of housing and communal services that improves the financial condition of the industry as a whole. Value/originality. The statistical analysis of the receivables of enterprise of housing and communal services has been further developed.
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Biçer, Ramazan. "Turkey: A New Tax Amnesty." Intertax 43, Issue 3 (March 1, 2015): 286–93. http://dx.doi.org/10.54648/taxi2015024.
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This article mainly discusses tax related provisions of a new law on public receivables. The Law enables, from the point of public receivables, public debtors to pay their debts either by cash or instalments by restructuring public claims, which have difficulty in collection. The article also provides certain examples of new restructuring program for public receivables by focusing on the defined public receivables and accounting adjustments associated with the cash and the receivables from the company's shareholders.
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Logor, Ribka Josevira, Harijanto Sabijono, and Stanly W. Alexander. "EVALUASI PERLAKUAN AKUNTANSI ATAS PIUTANG TAK TERTAGIH PADA PT. ANGKASA PURA I (PERSERO) CABANG MANADO." GOING CONCERN : JURNAL RISET AKUNTANSI 15, no. 3 (October 14, 2020): 521. http://dx.doi.org/10.32400/gc.15.3.30175.2020.
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The Bad Debts is very influential on the decline in operating profit of the companyThis study aims to determine the presentation, recognition and measurement and disclosure of uncollectible receivables at PT. Angkasa Pura I (Persero) Manado Branch and conformity with PSAK 50, 55 and 60. This study uses qualitative research methods with descriptive methods. The evaluation method used is collecting data obtained through interviews and documentation, then analyzing the data and finally data processing data. The results of this study are receivables which are categorized into uncollectible receivables, namely receivables that have more than 6 months of maturity. The treatment of uncollectible receivables from PT. Angkasa Pura I (Persero) complies with Financial Accounting Standards namely PSAK 50, 55, and 60. The accounting treatment of uncollectible receivables must also be given special attention by companies to minimize uncollectible receivables.
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Bondina, Natalya Nikolaevna, Igor Alexandrovich Bondin, and Yulia Anatolyevna Egorova. "Receivables: control aspects." Buhuchet v sel'skom hozjajstve (Accounting in Agriculture), no. 2 (February 1, 2021): 50–57. http://dx.doi.org/10.33920/sel-11-2102-05.
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The article presents the key aspects of monitoring the current state of receivables in the organization, as well as the work of responsible executors with receivables for the timeliness and effectiveness of measures taken to prevent the transition of receivables to the category of hopeless ones. Special attention is paid to the issue of ensuring the reliability of accounting data and reporting in terms of settlements with debtors through the formation of a reserve for doubtful debts.
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Gláserová, Jana, and Milena Otavová. "Receivables impairment comparison – accounting and taxation perspective." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 57, no. 3 (2009): 33–42. http://dx.doi.org/10.11118/actaun200957030033.
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Receivables are the significant area of assets in the entrepreneurs reporting system and in the banks reporting system as well. It is necessary to pay attention to this area and to be flexible in the reaction to changes in the risk of bad debts. Impairment of the bad debts is the reaction to these changes. The impairment is based on the prudence principle and the true and fair view principle. There are quite different rules for impairment application for taxation purposes in the Czech Republic than for financial reporting are set up by Income Tax Act. The paper is concerned with the comparison of ways of bad debts impairment reporting in the entrepreneurs’ financial reporting system and in the banks financial reporting system.The receivables definitions are similar for entrepreneurs and for banks. There are some differences in their classification and in the way of prudent principle application in this area.
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An, Soo-Kyung, and Byung-Chul Lee. "Earnings Management and Fourth Quarter Accounting Receivables." Korean Accounting Information Association 40, no. 1 (March 30, 2022): 1–26. http://dx.doi.org/10.29189/kaiaair.40.1.01.
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Len, Vasyl, and Valentyna Glivenko. "Long-Term Receivables and Liabilities in Accounting and Reporting." Accounting and Finance, no. 3(89) (2020): 30–40. http://dx.doi.org/10.33146/2307-9878-2020-3(89)-30-40.
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The purpose of the article is to disclose the types of long-term debt liabilities, which need to be evaluated at the balance sheet date at their present value, to substantiate the procedure for calculating the present value and reflecting of accounting differences in accounting system. The requirements of national accounting standards regarding the display of long-term receivables and liabilities in accounting and reporting are discussed in the article. The methods of selecting the interest rates and the procedure of calculating their present value are described. It is proved that considering the national accounting standards there is uncertainty and multivariation concerning discount rates and the procedure of calculating the present value of long-term liabilities and distribution of discount variances. Due to this fact, the decision on the application of discount rates and the procedure of calculating the present value are made by accounting entities on their own based on the professional judgment of an accountant. It is proved that it is advisable to calculate the present value of long-term liabilities on the first balance sheet date after their occurrence using a quarterly period. It is argued that during the transferring long-term liabilities to current ones, discount variances should be written off at the same time. It is concluded that the discount variances should be accounted with applying the accounts of other income and expenses. An example of calculating the present value of long-term liabilities and accounting entries to it are also given. It is determined that the reflection of the present value of long-term liabilities in the accounting and reporting, that arose in connection with the acquisition of assets, does not affect their initial and further assessment. It is proposed to form and approve at the state level the Guidelines for determining the present value of long-term liabilities, that are to be discounted, and the distribution of discount variances between reporting periods.
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J.K, Andryan Elfani, Yayuk Nurjanah, and Aang Munawar. "Peranan Sistem Informasi Akuntansi Piutang Terhadap Pengendalian Piutang (Studi Kasus Pada Pt. Arwinda Perwira Utama)." Jurnal Ilmiah Manajemen Kesatuan 7, no. 1 (May 16, 2019): 192–72. http://dx.doi.org/10.37641/jimkes.v7i1.209.
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Knowledge and technology today is rapidly developing, resulting in a very tight competition in the business world. Firms that can stand should be able to survive by various means. There are several ways to maintain the company's business continuity, one of which is by paying close attention to the system run in the company. One of the systems that must be considered is the sales system and the collection process of receivables. This is because sales are activities that will generate income or profit into the company for further business continuity. In the receivables collection process, management will have to address the issue in the billing process because it will determine if the returns. The purpose of this study is to identify the accounting information system of receivables, to identify the accounting information system on billing process of receivables, and accounting information system on collection process of receivables at PT. Arwinda Perwira Utama. The author conducted research at PT Arwinda Perwira Utama - Bogor.
The results of research show that the company has run a fairly proper sales accounting information system in the collection process of receivables, because it has an appropriate internal control elements. However, there are still some activities and functions that need to be address immediately, such as sales function, credit authorization function, and collection function. In addition, there are documents that still do not use printed serial number. The relationship between the sales process and the billing process has been quite well-synchronized, and it can be seen from the turnover of receivables.
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Lutfillah, Novrida Qudsi, Eko Ganis Sukoharsono, Aji Dedi Mulawarman, and Yeney Widya Prihatiningtias. "Revealing the Accounting Existence Through Debt-Receivable Practice at Majapahit Kingdom Era (1350)." Accounting and Finance Review (AFR) Vol.1(1) Dec. 2016 1, no. 1 (December 24, 2016): 59–65. http://dx.doi.org/10.35609/afr.2016.1.1(8).
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Objective - The Kingdom of Majapahit was a phenomenal civilization in the Indonesian history. Accounting was then practiced in the everyday life of the kingdom. The purpose of this study is to explore the accounting practices of debt-receivable accounts during the Majapahit Kingdom era of 1350 and to find the values behind their use. Methodology/Technique - This study is a historical qualitative study. Its primary source of data are inscriptions and legislation manuscripts taken from the Kutara Manawasastra of the Majapahit era. Historical analysis is used to analyze data with historiography so as to exposethe results of the historical research. This will help to reveal the underlying values in debt-receivable practices in the era. Findings - The findings of this study reveal that the values of debt-receivable accounts being practiced in the Majapahit era comprise the social, economic and spiritual dimensions. The trust and spiritual values were practiced as a means to tie the mutual benefits between creditors and debtors. Novelty - The findings reveal the accounting existence of the historical past. Type of Paper Review Keywords: Debt; Receivables; Accounting History; The Kingdom Of Majapahit, Trust; Spiritual Values. JEL Classification: H63, M41.
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LIUBAR, Oksana. "ACCOUNTING SUPPORT OF THE FINANCIAL ASSET MANAGEMENT AT THE ENTERPRISE." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 4 (44) (April 2019): 116–30. http://dx.doi.org/10.37128/2411-4413-2019-4-14.
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Financial assets are one of the key categories of the financial world. Different segments of the financial market (credit, stock, currency, financial services market) are characterized by different categories of financial assets, the circulation of which mediates the movement of funds both within the country and abroad. Effective movement of financial resources nationally or internationally is performed under involvement of financial assets. As a rule, obtaining or control of financial assets determines the motivation of participants of the financial or commercial transactions. The essence of financial assets as an economic category is revealed. The main characteristics of the financial asset are presented. It is established that financial assets for accounting purposes should be defined as money and their equivalents; long-term and current financial investments; accounts receivables for products (goods), services, bills received; accounts receivable for the purchase of financial investments, accounts receivable under loan agreements. Special attention is paid to the procedure of accounting of financial assets at the enterprises, covering the process from the initial registration of the economic information to reporting.
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SCORȚESCU, Florin Ioan. "Highlighting Price Reductions in Customer Accounting." Anuarul Universitatii "Petre Andrei" din Iasi - Fascicula: Drept, Stiinte Economice, Stiinte Politice 28 (December 10, 2021): 257–75. http://dx.doi.org/10.18662/upalaw/80.
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The commercial operations have a particularly large share in the activity of the patrimonial units. These operations generate income and expenses, affecting debts to suppliers and receivables from customers and always involve the connection between two economic agents, one called supplier, for which the operation represents a sale and another called customer, for which the same operation represents a purchase. The debts and receivables generated by the company's relations with natural and legal persons outside it, as well as with natural persons inside are mainly reflected through the 4th class "Third party accounts". In business practice, price reductions of a commercial nature (which have a direct influence on the net size of an invoice) and/or a financial one (they are also called discounts) can be encountered.
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Namryoung Lee and Kyung-Heon Kwon. "Revenue Recognition on Percentage of Completion Basis and Firm Value." International Journal of Business and Society 21, no. 1 (March 31, 2020): 25–41. http://dx.doi.org/10.33736/ijbs.3221.2020.
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Revenue recognition timing has caused conflicts between the reliability and usefulness of accounting information and become an important issue. Unbilled receivables are inevitable in long-term construction projects,but they can also result frompremature revenue recognition for earnings management. This study evaluated the correlation between unbilled receivables and earnings management,between unbilled receivables and firm value, and between unbilled receivables with loss allowances andfirm value from 2010 to 2016. The analysis results confirmed that companies engaged inearnings management viaunbilled receivables. Unbilled receivables had a significantly negative correlation with firm value. The result implied that unbilled receivables were interpreted as a signal of poor management,and the market responded negatively. However, for companies that had established loss allowances for unbilled receivables, the correlation results were not significant or less significantthan they were for companies without loss allowances. The results revealed that the market responded less negatively when loss allowanceswere established appropriately.
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Тменова, Е. С., and И. В. Калюгина. "Актуальные вопросы организации бухгалтерского учѐта дебиторской и кредиторской задолженности на примере предприятия ООО "Павловскинвест" Павловского района Воронежской области." ТЕНДЕНЦИИ РАЗВИТИЯ НАУКИ И ОБРАЗОВАНИЯ 70, no. 3 (2021): 86–91. http://dx.doi.org/10.18411/lj-02-2021-96.
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This article is devoted to the problems associated with the organization of accounting for payables and receivables. Undoubtedly, the stability of the financial condition of an organization in a modern market economy largely depends on the effectiveness of the management of accounts payable and receivable. The relevance of this topic is determined by the theoretical and practical significance of the problem. In order to increase the financial stability and solvency of the enterprise, the authors offer a list of recommendations for conducting settlements with counterparties.
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Gujarathi, Mahendra R., and Ralph J. McQuade. "Amazing Deals Auto Mart: Financial Reporting and Analysis of Receivables and Securitization." Issues in Accounting Education 24, no. 1 (February 1, 2009): 77–91. http://dx.doi.org/10.2308/iace.2009.24.1.77.
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ABSTRACT: Amazing Deals Auto Mart (ADAM) is a nationwide retailer of late model pre-owned premium cars. Due to the changes in the industry and economy, its senior management is concerned with a slowdown in collections and loan defaults, and is worried whether or not ADAM will meet the 2005 consensus earnings estimate of analysts. You are required to analyze the accounts receivable and allowance for doubtful accounts data to assess a possibility of earnings management. You are also required to perform financial analyses of the two financing alternatives (securitization and secured borrowing) that ADAM is considering for cash generation from receivables and to determine their effects on financial statements and ratios.
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Oksana Oliinyk, Valentyna Ksendzuk, and Iryna Tralo. "FORMATION OF DEBT DISCOUNT RATE: ACCOUNTING ASPECT." European Cooperation 2, no. 46 (April 30, 2020): 7–17. http://dx.doi.org/10.32070/ec.v2i46.82.
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The transformation of the accounting system is under the influence of those changes that characterize the development of new methods and approaches in the field of enterprise business management. Discounting is one such process, characterized by a number of features, including the determination of the rate and the choice of method of its application. The study of discount rate formation in the scientific literature is one of the most relevant. One of the reasons is the urgency of the issue due to changes in the regulatory documents regarding the accounting of long-term receivables at present value. Based on the analysis of the essence of the category of the term "discount rate" in the legislative documents, as well as among the approaches of foreign and Ukrainian scientists, it is determined that the discount rate is of interest and considers the risk associated with a particular cash flow. In addition, the most common methods for determining the discount rate are discussed. This allowed us to construct a mechanism for determining the discount rate for long-term receivables in the form of an appropriate algorithm, which is based on the "traditional" factors of the discount rate (inflation, profitability of money and risk factor for a specific enterprise), thus considering both the country’s financial market indicators as well as peculiarities of the entity's activities. The developed mechanism became the basis for determining the directions of changes occurring in the structure of financial reporting indicators in the accounting system. Such changes are reflected in the structure of incomes and expenses of the enterprise, because the accounting system recognizes the financial income or expense from the discounting of receivables in the form of amortization of the discount on the date of occurrence and throughout the maturity of each subsequent reporting date. The results of the study contribute to the development of both theoretical knowledge on determining the discount rate of long-term receivables, as well as practical aspects of forming a methodological approach to accounting for the components of the financial result of the enterprise.
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Grechishnikova, A. S., and Z. V. Chebotareva. "Bases of audit of receivables in the organizations of the telecommunication sector." Vestnik Universiteta, no. 3 (April 12, 2019): 78–84. http://dx.doi.org/10.26425/1816-4277-2019-3-78-84.
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The methodology for the audit of receivables in telecommunications sector organizations needs to be constantly developed and improved. The significance of checking receivables in organizations of the telecommunication sector has been considered in the article. The main tasks, which are set during the audit of receivables, have been examined. The content of audit procedure in accordance with applicable International Standards on Auditing has been described. The main risk areas during the audit of this article of the accounting (financial) statements have been revealed.
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Piosik, Andrzej. "The links between implementing ISA 540 and mitigating the practice of smoothing reported net earnings using write-offs of accounts receivable and inventory by reporting entities in Poland." Zeszyty Teoretyczne Rachunkowości 2016, no. 87(143) (July 4, 2016): 129–42. http://dx.doi.org/10.5604/16414381.1207441.
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The paper addresses the question of the links between implementing ISA 540 and mitigating the practice of smoothing reported net earnings using write-offs of accounts receivable and inventory by reporting en-tities in Poland. The research question stems from the previous analysis carried out by the author in which evidence was provided that reporting entities in Poland in the period 2000–2010 effectively used write-offs of accounts receivable and inventory in order to mitigate fluctuations of reported net earnings. This paper provides evidence that before implementing ISA 540 reporting entities used write-offs of receivables and inventory for income smoothing in effective manner, however in the period after implementing the standard (2009–2014) no link was observed between the write-offs and reduced fluctuations of reported net earnings. The research has been carried out using Wilcoxon signed-rank test used to check equality of medians of mean deviations of net earnings before write-offs of receivables and inventory and mean deviations of net earnings after write-offs. For the period before implementing ISA 540 there are grounds to reject the hy-pothesis of equality of medians of mean deviations of net earnings, however in the post-adoption period there is no justification to reject the hypothesis of equality of medians. The research provides evidence of positive impact of ISA 540 mitigating the processes of accounting earnings management. The indicated regularity does not apply to banks, because within this group of companies we have not observed the use of write-offs of loan receivables in order to reduce the variability of net earnings before implementing ISA 540 and in the period following the implementation of the standard.
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Ліхоносова, Г. С., and С. П. Богомол. "УДОСКОНАЛЕННЯ ОБЛІКОВО-АУДИТОРСЬКИХ ПРОЦЕДУР ЩОДО ДЕБІТОРСЬКО-КРЕДИТОРСЬКОГО ЗАБЕЗПЕЧЕННЯ ПІДПРИЄМСТВ." TIME DESCRIPTION OF ECONOMIC REFORMS, no. 2 (July 20, 2020): 52–59. http://dx.doi.org/10.32620/cher.2020.2.07.
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The article presents the author's opinion on the problem of non-payment, which is the main guarantee of small business. When there are receivables, there are also issues with accounts payable, as most companies do not have a planned profit for the goods, works, services provided. The purpose of the article is to identify current problems of accounting and auditing of receivables and payables, which require their practical solution. The object of the study is the receivables and payables, which were formed as a result of economic activity of the enterprise, its analysis and proposed ways to improve. The methods used in the study. The methodological basis of the study were the methods and principles of debt recognition, general and factor analysis of receivables and payables. The hypothesis of the study is the trend impact of receivables and payables on the financial condition and solvency of the enterprise. Presenting main material. Recommendations for improving the financial condition of the enterprise, for accounting and auditing of receivables and payables are offered. Originality and practical significance of the research. The study identified the need to improve the situation at the enterprise by implementing a number of measures aimed at eliminating problems with the payment of debtors who owed certain amounts of money, namely to provide discounts for early payment for products, goods, works, services, limit receivables -prepared for each debtor and maintaining a certain analytical document on creditors' relations in terms of each creditor. Conclusions. The study proves that the proposed methods of improvement are a factor that will reduce the level of receivables and payables. Based on the fact that the debtor's debt will not just decrease, but will bring some income.
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Татар, Марина Сергіївна, and Анна Олександрівна Мозгова. "ОБЛІКОВО-АНАЛІТИЧНИЙ ІНСТРУМЕНТАРІЙ УПРАВЛІННЯ ОБОРОТНИМ КАПІТАЛОМ ПІДПРИЄМСТВ В УМОВАХ ГЛОБАЛЬНИХ ВИКЛИКІВ." TIME DESCRIPTION OF ECONOMIC REFORMS, no. 4 (December 29, 2021): 52–61. http://dx.doi.org/10.32620/cher.2021.4.08.
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Global challenges cause many social and economic transformations in the economic entities activities, especially related to current assets, including disruptions in the inventories supply, increasing receivables due to breach of payment discipline of counterparties due to reduced sales of their own products during quarantine measures, reduced consumer solvency, devaluation of fiat money, etc., which makes it impossible to repay the debt on time, and the growth of receivables leads to the inability to repay their own accounts payable. The aim of the research is improvement the methodology and organization of accounting, analysis and audit of enterprise current assets in the face of global challenges. The subject of the research is the process of current assets formation and usage of PJSC "FED". The methods of the research: observation, comparison, analysis, generalization and formalization, rationing, forecasting. The hypothesis of the research: improving the process of accounting, analysis and internal audit of current assets will increase the efficiency of their formation and usage. The statement of basic materials. For increasing the efficiency of the process of current assets formation and usage in the context of global challenges, a conceptual approach to their accounting and analysis has been developed. The forecasting of current assets value of PJSC "FED" for the next two years was carried out with the help of trend analysis, as a result of which it was determined that the value of current assets will increase. For optimization the inventories formation and usage, the ABC-analysis has been implemented, which makes possible to accurately calculate the required volumes of purchases by different product groups; to exclude from the nomenclature illiquid positions, which makes possible to release cash frozen in these goods, reduce warehousing costs, increase inventory turnover; ensure sales growth. To improve the system of accounting for receivables at PJSC "FED" it is proposed to open six sub-accounts to account 38 "Provision for doubtful debts", as well as to improve analytical accounting by introducing groups of debtors in terms of non-repayment of receivables. Differentiation of ways to increase the efficiency of current assets formation and usage depending on the stage of the operating cycle is proposed. Also it is proposed to conduct current assets internal audit, which will verify the security of current assets, compliance with the rules and requirements of their accounting, documentation, reliability of information. The originality and practical significance of the research: originality lies in the development of methodological principles of production enterprise current assets accounting and analysis, identifying the lack of sources of own working capital. The conclusions and proposals obtained as a research results can be used in the practice of the production enterprise of PJSC "FED" to improve the efficiency of current assets accounting, analysis and audit. Conclusions. The proposed measures will help to improve the efficiency of current assets formation and usage, in particular, to reduce accounts receivable and improve the inventories formation quality
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Hogan, Thomas J., James L. Bierstaker, and William E. Seltz. "Laborers Local 829 Health and Welfare Plan: Testing Investments and Receivables." Issues in Accounting Education 16, no. 4 (November 1, 2001): 637–62. http://dx.doi.org/10.2308/iace.2001.16.4.637.
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Laborers Local 829 serves as a multi-employer health care provider for union construction members. The case focuses on accounting situations that might be faced on an audit engagement. The purpose of this case is to provide you with a realistic audit situation that requires you to think critically, plan and perform audit tests of investments and receivables, consider accounting issues related to receivables, and review and prepare audit working papers. Data for the case are based on an actual audit engagement performed by accounting practitioners. Names used, however, are fictitious. Investments consist of holdings similar to those of a mutual fund. Actual stock prices are used for the holdings.
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Kašparovská, Vlasta, and Jana Gláserová. "Methodological aspects of journaling a dynamic adjusting entry model." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 7 (2011): 187–94. http://dx.doi.org/10.11118/actaun201159070187.
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This paper expands the discussion of the importance and function of adjusting entries for loan receivables. Discussion of the cyclical development of adjusting entries, their negative impact on the business cycle and potential solutions has intensified during the financial crisis. These discussions are still ongoing and continue to be relevant to members of the professional public, banking regulators and representatives of international accounting institutions. The objective of this paper is to evaluate a method of journaling dynamic adjusting entries under current accounting law. It also expresses the authors’ opinions on the potential for consistently implementing basic accounting principles in journaling adjusting entries for loan receivables under a dynamic model.
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Surepno, Surepno, and Nurul Inayah. "Analisis Kesesuaian Perlakuan Akuntansi Murabahah Berdasarkan PSAK 102 di BMT Usaha Artha Sejahtera." Al-Mal: Jurnal Akuntansi dan Keuangan Islam 3, no. 1 (February 8, 2022): 1–13. http://dx.doi.org/10.24042/al-mal.v3i1.10812.
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This study aims to analyze murabahah accounting treatment at Baitul Mal wa Tamwil (BMT ) Usaha Artha Sejahtera which is adjusted to Pernyataan Standar Akuntansi Keuangan (PSAK) 102. The type of research used in this study is a qualitative research with a case study approach. The data used are primary data and secondary data. Data collection techniques used consisted of interviews and documentation. Test the validity of the data using triangulation techniques and sources. The results of research show that there is still accounting treatment that is not fully in accordance with PSAK 102, namely when there is recognition and measurement of murabahah assets BMT Usaha Artha Sejahtera does not recognize murabahah assets at the cost of goods, does not use certain formulas in determining murabahah margins, BMT Do not impose fines on customers but provide a letter of warning in accordance with the policy of the BMT. At the time of presentation of murabahah receivables are not presented in the balance sheet at the net realizable value, but integrated with other receivables as receivables and financing, deferred murabahah margin is not disclosed as a deduction from murabahah receivables, but is recorded as receivables and financing. and the BMT did not disclose the murabahah margin, but disclosed it together with other financing contracts as profit sharing for financing.
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KORSHYKOVA, Renata, and Alla OZERAN. "Assessment of long-term receivables of public enterprises." Fìnansi Ukraïni 2021, no. 9 (November 5, 2021): 117–28. http://dx.doi.org/10.33763/finukr2021.09.117.
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The paper considers the main methodological aspects of accounting for long-term receivables of state-owned enterprises in accordance with international financial reporting standards and national accounting regulations (standards) (NAR(S)). At the same time, attention has been focused on the valuation of the asset and the method of reflection its initial and book value in the accounting. The study examines the procedure for determining the initial and carrying amount of long-term receivables in accordance with IFRS and illustrates the difference in the essence of the terms "present value" and "amortized cost": the former is used at the initial recognition of an asset, and the latter - for its further evaluation in order to be included in the financial statements. The comparison of requirements of international and national standard concerning the above mentioned asset reveals the following problems regarding the latter: inconsistency in the use and scattered terminological apparatus, as well as the lack of a methodology for the formation of the initial value. The paper proposes to supplement the terminology contained in NAR(S)10 with the definitions " present value" and "amortized cost", as well as to clarify the scope of their application for harmonization with IFRS. In addition, a proposal was made to revise the procedure for calculating the effective interest rate provided for by the NAR(S). Regardless of the accounting system in which the state enterprise operates, the problem arises of the difficulty for monitoring the timeliness and completeness of repayment of long-term receivables, as well as reconciliation of the state of settlements with debtors, which affects the planning of cash flows. The study formulates the following options for solving this problem: the application of an off-balance account or a special sub-account to the account of long-term receivables.
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KASACHEVA, Oksana V., and Viktor A. UDOD. "The economic essence of receivables as a financial category: Industrial dimension." Finance and Credit 27, no. 4 (April 29, 2021): 807–32. http://dx.doi.org/10.24891/fc.27.4.807.
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Subject. This article discusses the formation of receivables that depends on the influence of numerous and at the same time heterogeneous factors. Objectives. The article aims to develop methodological provisions for the content of receivables, its key elements, in order to establish an adequate management mechanism to maintain capacity to pay and maximize profits. Methods. For the study, we used the systems approach, analysis and synthesis, and generalization. Results. On the basis of generalization and systematization of published works on the subject matter, we have identified insufficient accounting of the impact of receivables at the macro level and show a new direction of the topic in terms of the functional assignment of receivables in the structure of working capital at the micro level. Conclusions. Receivables are a kind of credit exposure of an economic entity. This risk has certain criteria such as volume and duration combined with time, quantitative and qualitative characteristics.