ACCOUNTS RECEIVABLE MANAGEMENT BASED ON THE ANALYSIS OF FINANCIAL DATA OF A GAS TRANSPORTATION COMPANY

Abstract

Accounts receivable are an integral element of the modern system of economic relations and represent the amount of financial obligations owed to an organization by other legal entities and individuals. In a market economy, its emergence is associated with the provision of commercial credit, which acts as a powerful tool for stimulating sales, expanding sales markets and strengthening the competitive position of the enterprise. However, inefficient management of accounts receivable can turn it from a growth factor into a source of serious financial risks, leading to a shortage of working capital, reduced liquidity and, as a result, a threat to business sustainability.

In this regard, the author of the article examines the legal understanding of accounts receivable in national and international practice. The study of the works of Russian scientists allowed the author to come to conclusions about the duality of the nature of accounts receivable: as an asset and as a type of immobilized funds, and about the systemic nature of the reasons for its formation, combining market patterns and managerial miscalculations. Based on an express diagnosis of the financial condition of the gas transportation company, combined with a horizontal analysis of accounts receivable and relative indicators characterizing it over a three-year period, recommendations were developed to improve the quality of accounts receivable management and a plan for their implementation was proposed.