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Journal articles on the topic 'Receivables'
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1
Marlini, Wenny, and Mega Widya Utami. "ANALISIS PERPUTARAN PIUTANG, PIUTANG RATA-RATA DAN RASIO PIUTANG ATAS PENDAPATAN TERHADAP PROFITABILITAS PADA PDAM TIRTA BUMI SENTOSA KABUPATEN KEBUMEN." Jurnal E-Bis (Ekonomi-Bisnis) 3, no. 1 (June 7, 2019): 84–95. http://dx.doi.org/10.37339/e-bis.v3i2.122.
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To determine the effectiveness of the management of accounts receivable, one of them by looking at the management of accounts receivable that is by calculating receivables turnover, average accounts receivable and the ratio of revenue. The calculation aims to determine how the performance of its receivables management.
PDAM to manage accounts still less than optimal seen from the accounts receivable turnover decreased means that the longer the company's capital back into cash, average accounts receivable increase means the greater the greater the age of accounts receivable collectibility of accounts receivable and ratio of receivables from increased revenues and reduced income when receivables increase.
The solution is to give the author PDAM must control receivables and anticipate the existence of doubtful receivables, then the company needs to provide policies in collection of accounts receivable which the company hopes that customers deposit the payment on time.
Results calculation accounts receivable turnover in 2012 was amounted to 5,7 times, and in 2013 was amounted to 5.3 times the mean decreases, average accounts receivable in 2012 was amounted 63 days and in 2013 was amounted to 69 days means increased, and the ratio of receivables on income in 2012 was amounted to 0.1744% and in 2013 was amounted to 0.1888% mean increase. Receivables increased revenue decreased. Results of analysis of receivables turnover PDAM Tirta Bumi Sentosa Kabupaten Kebumen not good, average receivables including unfavorable, and the ratio of receivables on income analysis results are less good too. It can be concluded that the receivables on PDAM Tirta Bumi Sentosa Kabupaten Kebumen not good.
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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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Darmawan, Darmawan, and Achmad Jufri. "The Concept of Relationship Between Debt and Receivable: Evidence on Basic Industrial Companies in Indonesia." International Journal of Business Review (The Jobs Review) 5, no. 1 (September 20, 2022): 103–16. http://dx.doi.org/10.17509/tjr.v5i1.50699.
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The study's purpose was to determine whether there is a two-way influence between debt and receivables, the response of a variable to sShocks that occur in other variables and the contribution of each variable to other variables. Debt and receivable data are taken from 48 of the 91 companies in the basic industrial sector listed on the IDX. The statistical model used in this study is the Vector Autoregression Model, which aims to test the direction of influence between two variables. The results show that debt affects receivables, while accounts receivable do not affect debt. So there is only a one-way relationship between debt to receivables. This finding reinforced that the debt response to the shock in receivables did not find a significant response. Meanwhile, the response of receivables variable shock to itself since period 1 has fluctuated and has been stable since period 6. The receivables response to the shock in debt began to respond in the second period and was stable from period 6. The contribution of the receivable variable to itself had a negative trend. In contrast, the contribution of the variable debt to receivables shows a positive direction.
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Ulum, Khoirul, and Ayu Azizah. "ANALISIS PENYISIHAN PIUTANG TAK TERTAGIH PADA CV. MITRA SERVICE." Akrab Juara : Jurnal Ilmu-ilmu Sosial 7, no. 4 (November 5, 2022): 13. http://dx.doi.org/10.58487/akrabjuara.v7i4.1930.
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This research was conducted with the aim of analyzing the reserve for bad debts loss at the company CV. Service Partners for the balance sheet reporting period as of September 30, 2022. From the results of the research that the authors did for 5 months and on the basis of the data of the Balance Sheet report as of December 31, 2021 and the Balance Sheet report as of September 30, 2022, CV. Service Partners have not made a provision for uncollected receivables.
In this study, the author uses the age of receivables analysis to calculate and estimate the allowance for losses on receivables on the basis of the detailed list of accounts receivable data as of September 30, 2022. Furthermore, from the details of the receivables, an analysis of the age of receivables is compiled, namely the age group of accounts receivable 0-30 days, 31- 60 days, and >60 days with allowance for accounts receivable rates of 10%, 15% and 15% (table-3 & table-4). From the results of multiplying the receivables allowance rate and the amount of receivables that have been grouped based on the age of the receivables, an allowance for losses on bad debts is Rp. 75,641,783,- (table-5) and the effect on the current year's profit and loss forecast decreased to Rp. 397.201.853,-.
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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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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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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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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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Gamasti, Millenia Tri, and Supatmi Supatmi. "Apakah Tunneling Menurunkan Kinerja Perusahaan? Studi Pada Industri Manufaktur di Indonesia." Owner 7, no. 1 (January 1, 2023): 644–55. http://dx.doi.org/10.33395/owner.v7i1.1236.
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This research aims to determine the effect of related party transactions tunneling on the manufacturing industry accounting performance and market performance. We believe that the higher the tunneling through related party transactions carried out by the company, the lower the company's performance. Related party transactions are measured by related party transactions with account receivable, other receivable and assets other than account receivables and other receivables.This research sample is 175 manufacturing industry companies listed on the Indonesia Stock Exchange (IDX) during 2018-2020 with 525 observations as panel data. This hypothesis examined by panel data regression with Eviews program. Based on panel data regression test, this research found tunneling proxied by related party transactions with assets other than account receivables and other receivables negatively affects financial performance (ROA) means the more industry manufacturing do related party transaction with assets other than account receivables and other receivables ability to earn profit is getting lower. Also, tunneling proxied by related party transactions with assets other than account receivables and other receivables negatively affects market performance (TOBIN), the more industry manufacturing do related party transaction with assets other than account receivables and other receivables decrease ability of investment profit sharing make share price weak. This finding align with the type II agency theory that the majority shareholder dominates the minority shareholder causing agency conflict.
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Maya, Agustina, and Kusuma Dewi. "Analisis Pengendalian Internal Piutang Usaha Dalam Meminimalisir Piutang Tidak Tertagih." Jurnal Ilmiah Akuntansi Kesatuan 8, no. 2 (August 10, 2020): 117–26. http://dx.doi.org/10.37641/jiakes.v8i2.370.
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Credit sales are carried out by companies to attract many customers, so that the sales volume can increase compared to sales in cash. However, credit sales have several risks including uncollectible receivables. Hence, internal control of receivables is very important as receivables, in the future, must be recorded in cash flow. If there are customers who are overdue in payments or fail to settle their debts due to various reasons, the company’s operational activities will be disrupted.
The purpose of this study is to determine the internal control of trade receivables in minimizing uncollectible receivables in a company.
PT Bostinco is a manufacturing company that produces safes, filling cabinets, roll-o-pack sliding cabinets, fire doors, etc. In its regular sales practice, the company uses a credit sales system, preceded by down payment requirements based on the agreement between the seller and the customers. As credit sales made by the company will cause trade receivables, internal control is carried out to minimize the risk of uncollectible receivables.
The results of the study show that internal control of accounts receivable in minimizing uncollectible receivables runs poorly due to the findings of the original Delivery Order files that are still discharged. Moreover, the company has some VAT debt arrears which prevents it from getting the tax invoice number. Unfortunately, there is no penalty agreement for late payment despite of quite large amount of receivables.
Keywords: Internal Control of Accounts Receivable and Minimize Uncollectible Receivables
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., Jeffry. "Analisis Perputaran Piutang dan Realisasi Pelunasan Piutang pada Distributor Industri Jamu Borobudur Cabang Bogor Tahun 2004 – 2008." Jurnal Ilmiah Binaniaga 6, no. 02 (December 31, 2010): 101. http://dx.doi.org/10.33062/jib.v6i02.224.
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The purpose of this study was to measure the turnover of receivables to total sales by using the ratio of Accounts Receivable and Accounts Receivable Turn Over in Day. By using these ratios can be inferred average receivables turnover and receivables turnover as 1x unknown duration receivables turnover was 353 days. This study also measures the significance of the influence of receivables to cash receipts (cash in ). By looking at the data can be inferred by using simple regression analysis and product moment correlation coefficient ( Pearson ) SPSS Program Version 11:00 regression equation Y = 20911545.008 + 0.358 X, the correlation coefficient of 0.849. This suggests a positive relationship between accounts with cash receipts (cash in ) , categorized by level of relationship is very strong. Based on the hypothesis testing to test whether the effect of X (receivable) to Y (cash receipts) is significant, then the results of the analysis of the test " t " is obtained tcount 12.24 ttable value (0.01) is equal to 2.3264 , this indicates that 12.24 > 2.3264 then t > t table , then the hypothesis that acquired reject H0 and accept H1 (t > t table) means hypothesis test showed a significant effect of receivables to cash receipts (cash in ). From the calculation of correlation coefficient of determination obtained accounts for 72.08 %. A percentage of 27.92 % is due to other factors.
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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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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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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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Sihombing, Relita, Elfreda Aplonia Lau, and Rina Masitoh Haryadi. "Analisis Pengendalian Piutang Pada PT Teguh Jaya Abadi Sentosa cabang Samarinda Tahun 2014-2018." Exchall: Economic Challenge 3, no. 2 (August 24, 2021): 25–35. http://dx.doi.org/10.47685/exchall.v3i2.204.
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PT Teguh Jaya Abadi Sentosa Samarinda conducts sales in cash and on credit. Sales on credit generate accounts receivable. Sales on credit continue to increase so that accounts receivable continues to grow, thus it is necessary to control accounts receivable.
This study aims to determine and analyze the Receivable Control at PT Teguh Jaya Abadi Sentosa 2014-2018 Samarinda based on Receivable Turn Over, Average Collection Period, Accounts Arrears and Receivables collection Ratio with the formulation of the problem is the control of receivables.
The result showed that the Receivable Turn Over from 2014-2018 decreased, which means that there was a decrease in accounts receivable control. Likewise, the Average Collection period from 2014-2018 continuesly increase as a sign of a decline in receivable control.The result also show that the ratio of arrears from 2014-2018 has increased, it means there is a decrease in receivable control, as well as the Receivable collection ratio continuesly decline from 2014-2018, which shows a decrease in accounts receivable control. Overall, these findings indicate that the control of PT Teguh Jaya Abadi Sentosa's receivables in 2014-2018 has decreased.Keywords: Accounts Receivable, Receivable Turn Over, Average Collection Period, Arrears Ratio, Collection Ratio
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Pavlenko, K. "ACCOUNTS INSURANCE." Business Strategies 8, no. 6 (June 28, 2020): 166–69. http://dx.doi.org/10.17747/2311-7184-2020-6-166-169.
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A scientific article is devoted to the analysis of the role of insurance in the management of receivables of enterprises of the economy of the Russian Federation. The relevance of scientific research is associated with the ongoing process of increasing the size of receivables from domestic organizations. The theoretical aspects and fundamentals of accounts receivable insurance are considered. The advantages by which insurance is one of the most relevant methods for managing receivables of enterprises are highlighted. The main negative fundamental factors that increase the degree of problems of managing receivables from domestic organizations are listed. The main disadvantage of insurance is described as a method of managing receivables. The features of the policy and general scheme of insurance of receivables of enterprises are considered.
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Lambe, Maria Amaral. "STRATEGI SISTEM PENGENDALIAN INTERNAL PIUTANG PADA KANTOR PUSAT KSP BALO’TA TANA TORAJA." AJAR 3, no. 02 (August 13, 2020): 133–44. http://dx.doi.org/10.35129/ajar.v3i02.130.
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Good accounts receivable control will affect the company's success in carrying out the sales policy on credit. Credit sales have a risk that is the existence of bad debts that can cause losses to the company. The object of research is KSP Balo’ta in Toraja. The purpose of this research is to optimize the management of accounts receivable and find new strategies in order to increase the level of effectiveness of the credit control system at Ksp Balo’ta in Toraja. The approach used in this research is qualitative approach and the method used is descriptive method. The results showed that the internal control system of receivables is still less effective it is seen in the increase in problem receivables from year to year. The conclusion of this research is that the receivables control system which is done with a family approach does indeed provide good results, but requires a long process in paying off bad debts. Therefore it is very important for companies to conduct evaluations in order to optimize their receivables management with a new receivables control strategy.
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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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Saifudin, Saifudin, and Miftachus Sa'adah. "THE EVALUATION OF BUSINESS RECEIVABLES USING COSO, RECEIVABLE TURNOVER (RTO), AVERAGE COLLECTION PERIOD (ACP), AND AGING OF ACCOUNT RECEIVABLE (AAR) INTERNAL CONTROL APPROACH MODELS (Case Study at PT Voltech Pratama Semarang)." Economics and Business Solutions Journal 3, no. 1 (April 15, 2019): 19. http://dx.doi.org/10.26623/ebsj.v3i1.1477.
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Account Receivables are one important thing of assets. The increase and decrease in account receivables affects the company's operational cash flows directly. Therefore, internal control is needed for every company. The existence of good and regular internal control in managing receivables, the company leadership will obtain reports that are useful to increase the effectiveness of the company. This research was conducted at PT Voltech Pratama Semarang starting from October to November 2018. The type of research used was descriptive type of research, the type of data used was primary data and secondary data. This research is a research that uses a qualitative descriptive approach, and the analysis technique that will be carried out is a comparative descriptive analysis. Step analysis with data reduction, data presentation, and conclusion drawing. Based on the research that the researchers did, it can be concluded that the internal control of the account receivable applied at PT Voltech Pratama Semarang has been running quite effectively where the company management has applied the basic concepts and principles of internal control. Seen from the receivable turn over (RTO), average collection period (ACP), and aging account receivable (AAR), PT Voltech Pratama has improved its receivables performance.
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Meliawati, Meliawati. "KEDUDUKAN KREDITUR SEPARATIS SETELAH ADANYA PUTUSAN MAHKAMAH KONSTITUSI NOMOR 67/PUU-XI/2013." Jurnal Magister Hukum ARGUMENTUM 6, no. 1 (May 6, 2019): 1125–36. http://dx.doi.org/10.24123/argu.v6i1.1861.
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The existence of various regulations made resulted in many types of special receivables. This then becomes uncertain if there is a conflict between the special receivables. Because there is no specific provision that can be used as a solution. There is no norm that can be used as a legal basis. In Article 95 paragraph (4) of Law Number 13 of 2003 concerning employment, special privileges are raised for which repayment must take precedence, namely the wages of workers / laborers. This regulation collides with special receivables arising from accounts receivable which are guaranteed by collateral rights such as mortgage, mortgage, mortgage, or fiduciary rights. Between one law does not synergize with other laws. On the one hand the wages of unpaid workers are accounts receivable which must be prioritized, and on the other hand the creditor of the collateral rights holder is a creditor who can take repayment of his receivables in advance of other creditors.
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Mustofah, Novia Trixie, and Nur Cahyadi. "ANALISIS PIUTANG TAK TERTAGIH BERDASARKAN UMUR PIUTANG PADA PT KAWASAN INDUSTRI GRESIK." Kinerja 5, no. 01 (December 23, 2022): 62–74. http://dx.doi.org/10.34005/kinerja.v5i01.2281.
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This study aims to analyze bad debts based on the age of the receivables at PT Kawasan Industri Gresik. The company has two activities in sales activities, namely sales in cash or cash and credit or debt. If it is done in cash then the company does not have receivables from related parties, but if it is done on credit then the company has receivables that need to be billed. If the receivables are not paid, it will cause uncollectible receivables, and where this will affect the company's operational activities. This research method uses descriptive qualitative which aims to provide a representation of the condition of the company which is carried out by observation, documentation and interviews. From the data receivables are analyzed using the age of receivables to calculate the estimate of bad debts. The results showed that uncollectible accounts at PT Kawasan Industri Gresik decreased in the 2019 period to IDR 8,607,000,000, in 2020 to IDR 5,860,000,000 and in 2021 to IDR 3,878,000,000. This has been proven based on calculating the age of receivables using the method reserves in minimizing bad debts and reserves 5% for each aging account receivable that has been determined by the company.
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Bariang, Novida Helen, Dani Sintara, Halimatul Maryani, and Adawiyah Nasution. "Pengurusan Piutang Negara Pada Kementerian/Lembaga Dalam Perspektif Hukum Perdata (Studi Pada KPKNL Medan)." Jurnal Ilmiah Penegakan Hukum 9, no. 1 (June 30, 2022): 112–20. http://dx.doi.org/10.31289/jiph.v9i1.6454.
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This study aims to find out the problems that often occur for the Committee for State Receivable Affairs (PUPN) in carrying out their duties assisted by the Directorate General of State Assets (DJKN). DJKN carries out collection of receivables based on Minister of Finance Regulation (PMK) Number 240 of 2016 concerning the management of state receivables. DJKN is entrusted with the authority by PUPN to collect uncollectible state receivables. Collection of state receivables by DJKN in order to collect state rights and return them to the state. This study uses normative legal research that is descriptive analytical based on a case approach which is then analyzed qualitatively. The results of the study indicate that in essence there is a need for transparency of procedures from DJKN in collecting state receivables. DJKN delegates this authority to the State Assets and Auction Service Office (KPKNL) as the executor of the management of state receivables in accordance with PMK Number 240 of 2016, in the management of receivables, it is necessary to analyze the aspects of civil law
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Fildayanti, Ni Komang Riska, and Putu Arnawan. "Analisis kebijakan kredit dalam upaya penagihan piutang travel agent di fairmont sanur beach bali." Jurnal Ilmiah Hospitality Management 12, no. 2 (June 30, 2022): 167–82. http://dx.doi.org/10.22334/jihm.v12i2.190.
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This study aims to determine the credit policy applied at the Fairmont Sanur Beach Bali Hotel for the 2017 – 2019 period and to find out the factors causing delays in collecting travel agent receivables at the Fairmont Sanur Beach Bali Hotel for the 2017 – 2019 period. The data analysis technique used in this research is descriptive qualitative analysis technique. By using the analysis technique namely, account receivable turn over, average collection period, credit policy, credit standard, terms of credit and receivable collection policy.The results showed that there were deviations from the credit policy set by management, namely 12 times for the receivables turnover rate and 30 days for the average day for collection of receivables. But the realization is that in 2017 the receivables turnover rate was 7.25 times, in 2018 it was 6.71 times and in 2019 it was 6.11 times. Likewise, on the average day of collection of receivables, in 2017 it was 50 days, in 2018 it was 54 days and in 2019 it was 60 days. The hotel does not follow the standards set by the hotel management. The 5 C's of Credit have not been fully implemented in accordance with hotel policy. Likewise, not applying discounts and fines to travel agents. From the analysis that has been done, it can be concluded that the collection of receivables from travel agents at the Fairmont Sanur Beach Bali Hotel did not take place optimally.
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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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Hartani, Sri, and Alamsyah. "Analysis of Accounting Treatment of Accounts Receivable at PT. Palembang Primary Primary Source." Formosa Journal of Multidisciplinary Research 1, no. 7 (November 30, 2022): 1493–510. http://dx.doi.org/10.55927/fjmr.v1i7.1895.
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This study aims to determine how the recognition, measurement, recording, presentation and disclosure of accounts receivable during 2015 , 2016, and 2017 PT . Primary sources Raya Palembang, The research method that has been done is to collect information report data L/R, balance sheet , a list of accounts , list of assets 2015-2017 and procedures and corporate policies . The results showed recognition of the calculation of accounts receivable has been running well , trade receivables obtained by calculating the 200 hours of work tools multiplied by the value of the contract agreement , so on the journal accounts receivable in debit and reception services equipment rental in the credits , the presentation of accounts receivable the company has not made a backup of receivables business.
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Tantik Sumarlin. "Analisa Sistem Pencatatan Dan Monitoring Piutang Leasing." JURNAL TEKNOLOGI INFORMASI DAN KOMUNIKASI 10, no. 2 (September 3, 2019): 15–22. http://dx.doi.org/10.51903/jtikp.v10i2.131.
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This research was made with the aim to help companies in controlling receivables. The study was conducted on companies engaged in the sale and purchase of motorcycles. These companies act as suppliers of goods and collaborate with credit financing institutions or what is commonly called leasing. Every credit sale will form a lease receivable that must be paid by the related leasing party. In general, many receivables have not been paid from the due date of the agreement. This impedes the company's financial productivity. From these problems, researchers create a system that can be used to meet the needs of the company, in relation to receivables. Researchers create a system that can improve performance to be more effective and dynamic, especially to record the daily control of receivables, namely by using the Leasing Accounts Recording and Monitoring System.
The design of recording and monitoring systems for receivables is made using the direct recording method. Systems development methods using the R & D. Method stages in the R & D method include potential problems, information gathering, product design, design validation, design improvement, product testing, product revision, trial use, mass product manufacturing. The design of a monitoring system for leasing receivables billing, can help companies control receivables. Leasing Receivables Recording and Monitoring System can minimize receivables losses.
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Wiratna, Wiratna, and Dinda Ayu Dilarkarisma. "PERLAKUAN AKUNTANSI TERHADAP PIUTANG TAK TERTAGIH (Studi Kasus pada PT. XYZ di Surabaya)." EKONOMIKA45 : Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan 7, no. 2 (December 1, 2020): 90–103. http://dx.doi.org/10.30640/ekonomika45.v7i2.143.
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Uncollectible Receivables are losses incurred by the company as a result of receivables that are not paid by the debtor. The purpose of this study is to determine the treatment applied to the company on uncollectible accounts carried out at PT. XYZ in Surabaya. The method used in this research is descriptive qualitative method. The results of this study indicate that companies that have implemented the recording of accounts receivable by PT. XYZ properly, with a record as receivables when invoices or passages are issued for goods that have left the warehouse. Suggestions and recommendations that can be given from the implementation of this research are to improve the recording of uncollectible accounts, the company can make a schedule for aging of its receivables so that it can see the amount of receivables that have passed due to payment and also present how much of the receivables cannot be collected based on the age of the accounts. presentations that can be determined by the company based on past experience and previous sales.
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Septiana, Berti Dila, Sura Klaudia, Kristya Damayanti, and Tetty Widiyastuti. "Analisis Pengelolaan dan Pengendalian Piutang Pada Unit Pengelola Kegiatan (UPK) Kecamatan Ponggok Kabupaten Blitar." AKURASI: Jurnal Riset Akuntansi dan Keuangan 3, no. 3 (December 30, 2021): 127–36. http://dx.doi.org/10.36407/akurasi.v3i3.469.
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Poverty is one of the problems that often occurs in Indonesia. Therefore, through the Unit Pengelola Kegiatan (UPK), the government made a Simpan Pinjam Perempuan (SPP) program in revolving funds provided without any collateral, so the risk that often occurs is bad credit arrears. This causes a decrease in assets or a deficit and an increasing number of bad debts, so good management and control are needed to reduce the number of complex or uncollectible receivables. The purpose of this paper is to identify and analyze the role of management and control applied by the UPK Ponggok District, Blitar Regency, in minimizing bad debts. This research is qualitative research with data collection methods with interviews and documentation. The results of this study indicate that (1) Receivable management applied by the UPK Ponggok Subdistrict, Blitar Regency is quite good, especially in credit standards, credit requirements, and applied receivable collection policies, but in the receivables management applied there is no receivables measurement ratio policy. (2) The control of receivables that was implemented did not go well because there were still various irregularities and discrepancies between the implementation and the applicable Standard Operating Procedure.
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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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Rahayu, Ketut Eny, C. Ardina, and M. Sumartana. "Analysis of Uncollectible Receivables and Their Impact on Profitability at The Legian Bali." Journal of Applied Sciences in Accounting, Finance and Tax 3, no. 2 (October 30, 2020): 152–57. http://dx.doi.org/10.31940/jasafint.v3i2.2144.
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The application of a credit system is one strategy that could be used by a company to increase sales. Sales made on credit will automatically increase account receivable and if accounts receivable not appropriately managed, it can become uncollectible accounts. This study aims to determine the condition of uncollectible accounts and their impact on profitability at The Legian Bali. The data used in this research are credit sales, account receivable aging schedule, accounts receivable policy data, and profit/loss data. The data collected by conducting interviews, documentation and observation. The analysis technique used descriptive/qualitative analysis techniques using financial ratio formulas. The results of this study indicate the number of account receivables that are due and not yet collected is still relatively large. The large number of uncollectible accounts results in less turnover of accounts receivable into cash and this causes the average collection days for accounts to be longer. The longer time for collecting accounts receivable will produce a higher risk of bad debts due to the increasing number of outstanding accounts receivable and lowering the hotel receivables collection ratio. In 2017, 2018, and 2019 the arrears ratio calculation results are 8%, 12%, and 11%. Meanwhile, the results of the calculation of the billing ratio in 2017, 2018, and 2019 are 92%, 88% and 89%. The existence of uncollectible accounts which is quite large from year to year has a bad effect on profitability because of the inefficient collection of accounts receivable by hotels which causes the capital invested in receivables to be higher.
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Slesarenko, G. V., and T. D. Bobyleva. "ROLE OF ACCOUNTS RECEIVABLE IN ACCOUNTING (FINANCIAL) STATEMENTS." Bulletin of Udmurt University. Series Economics and Law 32, no. 4 (August 2, 2022): 656–61. http://dx.doi.org/10.35634/2412-9593-2022-32-4-656-661.
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Receivables in the financial statements are an important element that reflects the amount of an organization's funds diverted from turnover, those that are expected to be received in the near future. At the same time, receivables differ in terms of maturity, quality and it is necessary to analyze them in order to understand what share of the total amount of debt will actually return to the turnover of the organization. For analysis, you need to set up the accounting and analytical collateral system so that the entire accounts receivable management system is tailored to the needs of the users of this information. Understanding how much funds we actually have to pay off accounts payable, we can ensure the timely repayment of the organization's debts and improve solvency indicators. The organization's revenue reflects the amount of funds invested in production and commercial operations taking into account the profit received, therefore, its financial stability depends on the speed of the refund. Thus, accounts receivable management is a process aimed at improving its quality, return rate and more efficient use of funds. Performance indicators of accounts receivable reflect the speed of their circulation; their calculation and correct interpretation are an important element of analysis. The article provides an example of how the change in receivables affects the key performance indicators of the organization. Using this method, you can in practice calculate the performance indicators of the use of receivables for making decisions regarding their optimization.
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Rahmat, Andy, Jasmadeti Jasmadeti, and Heti Herawati. "Pengaruh Sistem Pengendalian Manajemen Terhadap Peningkatan Performa Proses Kerja Dan Piutang Usaha Pada Perusahaan Pt. Astra International,Tbk-Tso (Studi Kasus Pada Pt Astra International Tbk-Tso Auto2000 Cab.Bogor)." Jurnal Ilmiah Manajemen Kesatuan 7, no. 1 (May 16, 2019): 179–87. http://dx.doi.org/10.37641/jimkes.v7i1.211.
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The purpose of this research is to learn and explain about the effect of management control system on the increasing of performance, working process and receivables. Management control system has significant impact in affecting company’s accomplishment and how it runs the productions ahead. It also covers management of receivables in determining credit policies, receivables turnover, and monitoring of receivables aging. Management control system contains supervising of human resources which undeniably important when running the production operational. Human resources give ideas and improvisations on upcoming issues faced by the company to achieve its targets and how it contributes to assist in problem solving.
Based on the study, a conclusion can be made that management control system have significant impacts on supervision of human resources, monitoring activities, human resources performance measurements, performance evaluation, credit policies, receivables turnover and monitoring of receivables aging. The analysis uncovers the causes and obstacles that restricted company from achieving its goals. For instance, receivable turnover in 2014 had experienced a decline of 0.62% from previously 12.97% to 12.35% in 2015. Nonetheless, the average collection period can still be considered effective due to being collected before due date.
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Danylkiv, Khrystyna, Khrystyna Gorbovа, and Yurii Paida. "Application of ABC and XYZ-analysis to optimize receivables (on the example of "Komunpostach" LLC)." INNOVATIVE ECONOMY, no. 1-2 (2020): 59–64. http://dx.doi.org/10.37332/2309-1533.2020.1-2.9.
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Purpose. The aim of the article is to carry out a detailed analysis of the effect of receivables on the economic activity of the entities in terms of market relations and providing specific recommendations on their effective use and circulation in the activities of LLC "Komunpostach". Methodology of research. General and special methods of scientific knowledge are used in the course of the research, namely: critical analysis, scientific abstraction and generalization of scientific experience from modern theoretical researches (while studying theoretical principles and scientific approaches to the management of accounts receivable); statistical analysis (in generalization of trends, conditions and peculiarities of the formation of accounts receivable, management of accounts receivable of the enterprise of "Komunpostach" LLC); classification and analytical, abstract and logical (development of conceptual model of receivables management of the enterprise of “Komunpostach” LLC); optimization (when modelling the structure of accounts receivable of Komunpostach LLC); graphic (for visual and schematic reflection of theoretical and practical research results). Findings. The recommendations for improving the receivables management of "Komunpostach" LLC are given. In particular, it is grouped by the method of ABC analysis of corporate debtors. The method of transition to the combined policy of financing of current assets is offered, which will allow to optimize terms and amounts of accounts payable of "Komunpostach" LLC. Originality. Methodical approach to managerial decision making on optimization of accounts receivable for goods based on modelling of its structure by grouping counterparties by the criteria of timely debt repayment, in which, unlike the existing ones, both microeconomic and macroeconomic factors are taken into account receivables, which makes it possible to increase the degree of validity of decisions in the relationship of the company with the debtors. Practical value. The constant expansion of the credit market of Ukraine and the emergence of new forms of debt and credit relations in the practice of domestic enterprises, together with changes in the external environment and a complex system of legal acts, require the enterprises new methodological approaches to the management of accounts receivable. A scientifically sound debt management system can make a significant contribution to improving the efficiency of any business. Key words: Accounts Receivable; ABC and XYZ analysis; Matrix; Enterprise Resources; Liabilities and Debt Requirements; Accounts Receivable Management.
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Zdrenyk, Vasyl. "Formation of an effective policy for the repayment of accounts receivable at the enterprise." Herald of Ternopil National Economic University, no. 4(98) (February 20, 2021): 127. http://dx.doi.org/10.35774/visnyk2020.04.127.
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Introduction. Trade enterprises in modern conditions have significantly increased the volume of their activities. However, the uncertainty of the external environment and the presence of a number of different problems in the economy as a whole create obstacles to the timely fulfillment of obligations. This necessitates the formation of an effective policy for the repayment of accounts receivable at the enterprise.Objective. The objective of the article is to substantiate the theoretical foundations and develop practical recommendations for the formation of an effective policy for the repayment of receivables at trade enterprises.Methods. To establish the stages of the formation of the policy of repayment of receivables and its constituent elements, analytical empiricism was used with an orientation to the existing initial conditions and foreign experience. The study used the method of assessment and generalization to develop and substantiate proposals aimed at solving the problem of recognizing receivables as uncollectible, as well as to substantiate the approach to the classification of reserves and the calculation of reserves for doubtful debts.Results. A conceptual approach to the formation of an effective policy for the repayment of accounts receivable from trade enterprises has been formed. The study substantiates that the effective development of a trading enterprise is possible due to the combination of such important components of its activities as a good information base of management and an effective policy for repayment of receivables. The result of the study is also the substantiation of the stages of formation of the policy of repayment of receivables, the development of proposals for its assessment and the formation of reserves for doubtful debts.Discussion. A promising area of further research is the development of methods of analysis of receivables by actual indicators, the study of opportunities to improve communication and the formation of information support for trade and technological processes based on the use of modern information systems.
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Pratama, I. Wayan Yoga Mila, I. Dewa Made Mahayana, and I. M. S. A. Jaya. "The Effect of Cash Turnover and Accounts Receivable Turnover on Profitability of Food and Beverage Companies on the IDX." Journal of Applied Sciences in Accounting, Finance, and Tax 4, no. 2 (October 13, 2021): 137–42. http://dx.doi.org/10.31940/jasafint.v4i2.137-142.
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This research was conducted because of the discrepancy between the theory of cash turnover, receivables turnover and profitability with the existing conditions in food and beverage companies on the IDX in 2016-2020. The purpose of this study was to determine the effect of partially and simultaneously cash turnover, accounts receivable turnover on profitability. The independent variables in this study are cash turnover and receivables turnover, the dependent variable in this study is profitability as measured by Return On Assets (ROA). The results show that there is a positive and significant effect between cash turnover on company profitability, then there is no effect There is a significant relationship between accounts receivable turnover on profitability and there is a positive and significant effect between cash turnover and accounts receivable turnover simultaneously on the company's profitability.
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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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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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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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Aliev, Gadzhimurad R. "MODERN DEMAND OF MANAGEMENT OF RECEIVABLES AND PAYABLES AT THE ENTERPRISE." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 2/3, no. 122 (2022): 26–32. http://dx.doi.org/10.36871/ek.up.p.r.2022.02.03.004.
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Accounts receivable and accounts payable management is an effective tool for increasing the competitiveness of enterprises in today’s market conditions. Since the deferred payment, a commercial loan allows you to increase the number of customers, revenues and profits, while accounts payable attract additional resources to the company. Sometimes there is a situation of formation of overdue receivables and payables, and sometimes their share of the total amount of sales of goods and services is quite high. Therefore, with inefficient management of receivables and payables, poor-quality accounting and analysis, there is a risk of loss of solvency, profit, and sometimes bankruptcy of the enterprise. Currently, the problem of optimizing receivables and payables and ensuring balance is becoming a key issue for almost every enterprise.
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Khomуn, Petro, Tetiana Nosko, Anastasia Koltutska, and Victoria Rymlyanska. "Theoretical aspects of accounting and analysis of receivables of the enterprise." Socio-Economic Problems and the State 25, no. 2 (2021): 413–20. http://dx.doi.org/10.33108/sepd2022.02.413.
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The activity of any enterprise is always accompanied by calculations, and this in turn leads to receivables or payables. The article presents a topical and complex issue of accounting – the theoretical aspects of analysis, research of receivables at the enterprise. Modern economic processes in the national macroeconomic environment require businesses to implement and search for progressive approaches to the problems of payment and settlement relationships between enterprises, which in turn requires proper accounting of receivables for management decisions. A significant part of the company's assets is receivables, it is reflected in the balance sheet, has its own classification, characteristics and other features. The organization of accounting for receivables for enterprises of any form of ownership is important because it helps to organize information, transparency and reliability of data on settlement operations on debt rights (with debtors). Accounting for receivables is regulated by UAS 10, which allows you to analyze and investigate unresolved issues. Having a normal state, receivables will bring profit to the company in the future, but at this time, the state of most buyers is unstable and volatile, so the debt becomes doubtful or, at worst, bad. In this situation, the company incurs costs that can have an extremely negative impact on its investment attractiveness, financial condition, and sometimes leads to bankruptcy. The problem of effective management of receivables comes to the fore. Accounts receivable occupies an important place for any company, so in essence it is a tool for lending to the debtor for the goods received by him, the work or services provided on an interest-free basis. The purpose of the article is to determine the essence of receivables; identification of classification features by which it is grouped; methods of analysis that allow you to develop strategic decisions in the process of managing it. Tasks for receivables management, its main directions and objects are defined. The scientific novelty of the obtained results lies in the developed recommendations and proposals for improving the theoretical foundations of accounting and analysis of receivables. The practical significance of the results is that they can be used in the activities of the enterprise for the effective organization of accounting and analysis of receivables.
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BONDARENKO, Olha, and Iryna MASIUK. "Ways to improve minimization of receivables and payments and management by them." Economics. Finances. Law, no. 4 (April 17, 2020): 26–29. http://dx.doi.org/10.37634/efp.2020.4.5.
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Introduction. To date, every entity has faced accounts receivable and payable. There are times when debt becomes overdue. An entity cannot repay its debt because debtors do not repay their debt. In fact, receivables and payables are closely linked, which in turn has a negative effect on the balance sheet and financial performance of any counterparty. This article discusses cases of arrears and ways of overcoming (reducing) accounts receivable and payables. The purpose of the paper is to study the factors that influence the increase in accounts receivable and payable within the internal and external activities of the enterprise. Results. In today's economic environment, a large number of Ukrainian enterprises went bankrupt and liquidated because they were unable to pay their debt to creditors. Also this situation arose due to a certain amount of cash, which was in circulation and in time did not enter the current account of the enterprise for payment of accounts payable. On the balance sheet receivables and payables account for a large percentage of both their and others' debt. We'll look at how and under what conditions debt can be reduced. Conclusion. It is advisable to balance receivables and payables in order to control the debt at the enterprise. The constant cash flow should not stop. The debt of the debtors goes to pay off the debt to the creditors. The optimal ratio is when the accounts payable exceeds accounts receivable by 10-20%.
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Потій, Ванда З., and Вікторія Л. Волівач. "НАПРЯМИ ВДОСКОНАЛЕННЯ УПРАВЛІННЯ ДЕБІТОРСЬКОЮ ЗАБОРГОВАНІСТЮ." Bulletin of the Kyiv National University of Technologies and Design. Series: Economic sciences 119, no. 1 (May 23, 2018): 55–64. http://dx.doi.org/10.30857/2413-0117.2018.1.6.
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The paper offers an overall analysis of the level and dynamics of accounts receivable at Ukrainian enterprises by types of economic activity. A critical role in accounts receivable management is assigned to identification of factors affecting its occurrence. Hence, the factors of internal and external environment that may influence the size of receivables and provide the information basis for managerial decisions to reduce its net volume and simultaneously its share within the current assets have been explored. During the study, modern system theories in the area of finance and financial management as well as statistical analysis methods, in particular, comparative analysis and statistical comparisons methods were employed. The factors affecting their increase in the current assets have been revealed. Management solutions to resolve the above issues based on the factors facilitating prompt collection of receivables have been proposed. It is argued that accounts receivable makes a specific form of lending without interest, expiry date, and penalties. For its maintenance it is recommended to apply an interest rate and set payment term, and in the case of breaching the contract – to charge a fine. Regardless of the choice of the method of accounts receivable management, it is important to consider the impact factors (both external and internal). Receivables management will be effective only when the company will pay due attention to the specific characteristics of the above asset, its classification features, and identify the most significant factors that may affect its size in future.
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Dorf, Debra. "Diagnosis and Treatment of Accounts Receivable Ailments." Otolaryngology–Head and Neck Surgery 112, no. 5 (May 1995): P99. http://dx.doi.org/10.1016/s0194-5998(05)80240-2.
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Educational objectives: To monitor the effectiveness of the collection process and receivables management systems in their practices and to identify specific steps to improve the accounts receivable process.
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Supriadi, H., W. P. Sapta, and Hj Aslichah. "PENGARUH PERPUTARAN KAS DAN PERPUTARAN PIUTANG TERHADAP RENTABILITAS EKONOMI." eBA Journal: Journal Economics, Bussines and Accounting 4, no. 1 (February 25, 2018): 39–47. http://dx.doi.org/10.32492/eba.v4i1.619.
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This study aims to identify and analyze the influence of cash turnover and accounts receivable turnover simultaneously, identify and analyze the effect of cash turnover and accounts receivable turnover of the economic profitability partially, and determine the dominant factor affecting the economic profitability. This research was conducted in cooperation with the reason that the Cooperative is a service company and trade. This research was conducted quantitative descriptive approach. The data collection is done by means of documentation and interviews were unstructured. The data used are secondary data derived from study subjects. The analytical method used is multiple linear regression with Ordinary Least Square method. The findings of this study include are: a significant difference between cash turnover and accounts receivable turnover of the economic profitability simultaneously. a significant difference between the cash turnover receivables turnover against economic profitability partially. Receivables turnover is a dominant factor affecting the economic profitability.
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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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Umam, Khaerul, and Angga Eka Pratama. "Dampak Sistem Pengendalian Internal Terhadap Penagihan Piutang Di Kota Bandung." Publica: Jurnal Pemikiran Administrasi Negara 10, no. 2 (December 10, 2018): 65–72. http://dx.doi.org/10.15575/jpan.v10i2.7626.
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This research is in the background behind the problems of Bandung City, which for the past five years still have a reasonable opinion with exceptions, one of the reasons is the high level of accounts receivable at the Bandung City Financial and Asset Management Agency every year, and billing is less effective every year. receivables for leasing land and buildings in the city of Bandung. This study aims to determine the internal control system on the effectiveness of receivables collection in Bandung City BPKA and the magnitude of the influence of the dimensions of the internal control system on the effectiveness of receivables collection in Bandung City BPKA partially and simultaneously. The research used in this study is associative research with a quantitative approach because it aims to determine the effect of the internal control system on the effectiveness of accounts receivable collection at the Bandung City Financial and Asset Management Agency. Data collection uses literature studies, documentary studies and questionnaires on apparatus in Bandung City BPKA. Data analysis techniques are carried out using the correlation coefficient of determination, simple linear regression analysis and t (t-test).
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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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Djunur, Imran. "PENERAPAN PRINSIP PENGUNGKAPAN LENGKAP AKUN PIUTANG PERPAJAKAN PADA LAPORAN KEUANGAN PEMERINTAH PUSAT TA 2017-2019." Jurnal Wahana Akuntansi 15, no. 2 (December 1, 2020): 125–52. http://dx.doi.org/10.21009/wahana.15.022.
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In order to be widely used by users of financial statements, information related to tax receivable accounts in LKPP must meet the Full Disclosure Principle relate to assets, liabilities and equity either through faces or Notes to Financial Statements. Complete information will prevent users from misleading and improper decision making or opinions on the financial condition and performance of the central government. This study focuses on the disclosure of information on tax accounts receivable at LKPP because the account has significant value and gets the attention of LKPP users. Through this research, the writer will assess whether the information related to tax receivables in LKPP FY 2017 to 2019 meets the Full Disclosure Principle. To fulfill the principle, LKPP must disclose 9 adequate information related to tax receivable. The results of the analysis show that the disclosure of tax receivables in LKPP FY 2017 and LKPP FY 2018 don’t fulfill all the criteria, while LKPP FY 2019 only fulfill 1 criteria. There was no significant increase in the implementation of full disclosure principle of tax receivable within 3 years.
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Zulna, Ervina Inayah. "Analisis Rasio Perputaran Piutang dan Periode Rata-Rata Pengumpulan Piutang Sebagai Dasar Penilaian Efektivitas Kebijakan Kredit PT. ISAM." Indonesian Accounting Literacy Journal 2, no. 2 (March 31, 2022): 460–67. http://dx.doi.org/10.35313/ialj.v2i2.3172.
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Company management needs to implement appropriate policies in order to increase company value and reach the goals. The main activity of PT. ISAM to achieve the goal is sales transactions, especially credit sales. The risk of credit sales is uncollectible receivable, so receivable control and management is needed to minimize the risk of company losses. Therefore, an effective credit policy must be implemented. The purpose of this research is to evaluate the effectiveness of PT. ISAM credit policy by comparing the analysis of the receivables turnover ratio and the average collection period with the standards policies of PT. ISAM. Receivable turnover and the average collection period of PT. ISAM has not reached the standard, which is 12 times and 30 days. So that the credit policy has not been effective. It is influenced by the low level of sales so that the receivables turnover and the average collection period are not optimal.
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Firnanti, Julita. "Analisis pengaruh struktur aktiva, manajemen hutang, dan manajemen piutang terhadap profitabilitas perusahaan." Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan 4, no. 10 (May 25, 2022): 4767–81. http://dx.doi.org/10.32670/fairvalue.v4i10.1799.
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The purpose of this study is to analyze the effect of asset structure, debt management, accounts receivable management on the profitability of tire companies listed on the BEI 2010-2020 and analyze the asset structure, debt management, and receivables management simultaneously on the profitability of tire companies listed on the BEI 2010 -2020. This study uses quantitative research methods because the data obtained in the form of numbers (numeric). The population used in this study are companies engaged in tire companies listed on the Indonesia Stock Exchange (IDX) since 2010-2020, totaling 4 companies. The technique for determining the sample in this research is using a purposive sampling technique. The results of this study are only receivable management (ARTO) which has a significant effect on the profitability of the tire company studied, while asset structure and debt management have no significant effect. Therefore, receivable management is the receivables turnover ratio which is the main variable in increasing the company's profitability.