ACCOUNTING OF RECEIVABLES AND THEIR IMPROVEMENT
No Thumbnail Available
Date
2021-04-21
Journal Title
Journal ISSN
Volume Title
Publisher
ІВІМА, Кордова, Іспанія
Abstract
Accounting-and-economic and organizational issues of settlements with debtors, timely repayment of receivables, creation of a reserve of doubtful debts have always been one of the main positions, as they have a significant impact on the financial stability and independence of the business entity. It is necessary to analyze the essence and classification of receivables taking into account the importance of receivables management. Adequate organization of settlement transactions requires strict adherence to financial discipline, timely payment of debts by liabilities, in order to ensure timely receiving of funds for sold products, goods, works and services. Late payments for received material values or untimely receipt of funds for sold products and provided services leads to financial difficulties in performing business activities, as receivables cause withdrawal of funds from the turnover of enterprises, which negatively affects their financial
condition, and late payment of debts and liabilities leads to the attraction of funds belonging to other enterprises into turnover.
Description
Keywords
Citation
ACCOUNTING OF RECEIVABLES AND THEIR IMPROVEMENT / Liudmyla MELNYK, Natalia OLYADNICHUK, Olga PIDLUBNA, Tamara KUCHERENKO, Svеtlana MYKHAYLOVYNA, Maryna KORCHEMNA // Proceedings of the 37th International Business Information Management Association Conference (IBIMA) 30-31 May 2021, Cordoba, Spain