Analysis of Accounts Receivable Management in Organization

In this paper I examine the management of the company's accounts receivable. The goal of the work is to investigate current instruments for managing accounts receivable and to form a structured scheme of debt management in order to improve financial condition of the company. To achieve this goal, the existing methods and mechanisms of accounts receivable management have been analyzed, and a system consisting of three main stages has been proposed: analysis of accounts receivable, formation of credit policy and management of accounts receivable. The proposed system was implemented in "Mechel" company. To achieve this objective, a system of key indicators characterizing the accounts receivable was formed, the main debtors were classified using ABC-analysis and psychological, economic and legal methods of influence were selected for each category of debtors. The results of this work will be useful mostly for B2B companies with a high level of accounts receivable.