Analysis on the Problems and Countermeasures of Accounts Receivable Management in Shanghai Weiming Food Company

Research Article
Open access

Analysis on the Problems and Countermeasures of Accounts Receivable Management in Shanghai Weiming Food Company

Weilun Huang 1*
  • 1 LINXIN International Finance College    
  • *corresponding author 3045594151@qq.com
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/14/20230785
AEMPS Vol.14
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-71-3
ISBN (Online): 978-1-915371-72-0

Abstract

Enterprises in China's food manufacturing industry are mainly small and medium-sized enterprises, which are in a weak market position. With the continuous integration of dis-tributors and the tight capital chain, the proportion of procurement credit will increase, and the problem of accounts receivable will become more and more prominent. Aiming at this problem, this paper adopts literature method and case analysis method to study and discuss the existing problems of accounts receivable management of Shanghai Weiming Food Company. Paper first introduces the research background and significance, this pa-per expounds the concept and basic theory of accounts receivable management, wei Ming food company accounts receivable management present situation of Shanghai, and analyz-es the Shanghai wei Ming food company accounts receivable management problems, such as not to set up independent credit management department, business process controls and the absence of regulation, deficiency in the collection and appraisal way, Market credit mechanism is not perfect. In view of these existing problems, the paper puts forward the corresponding improvement measures, one is to set up a credit management group; Sec-ond, establish a sound credit management system; Third, standardize sales process man-agement; Fourth, establish and improve collection and assessment methods.

Keywords:

food enterprise, accounts receivable, credit management, the collection system

Huang,W. (2023). Analysis on the Problems and Countermeasures of Accounts Receivable Management in Shanghai Weiming Food Company. Advances in Economics, Management and Political Sciences,14,42-47.
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References

[1]. Ala'a Adden Abuhommous,Tareq Mashoka.A dynamic approach to accounts receivable: the case of Jordanian firms[J]. Eurasian Business Review,2018,8(2).

[2]. Kolisnyk Olena,Zamota Irina. Theoretical and practical aspects of accounting and analysis of receivables in the field of information and telecommunication[J]. Modern Economics,2019,15.

[3]. Mohammad Hossein Jahangiri. Modelling Customer Satisfaction to Improve Receivables of a Firm in a Supply Chain[J]. International Journal of Applied Management Sciences and Engineering (IJAMSE),2020,7(1).

[4]. T.Stupnytska,O.volodina,K.Zhidkova.Tht directions of management of the commodity debts receivable[J] Ekonomìka Harčovoï Promislovostì, 2017, 9(3).

[5]. Payanok T.M.. Internal control system of accounts receivable: directions of perfection[J]. Problemi Teorìï ta Metodologìï Buhgaltersʹkogo Oblìku, Kontrolû ì Analìzu, 2019, 1(42).

[6]. Flavia Barsotti,Simona Sanfelici. Market Microstructure Effects on Firm Default Risk Evaluation[J]. Econometrics,2016,4(3).

[7]. K.K. Aggarwal, Arun Kumar Tyagi. Inventory and credit decisions under day-terms credit and stock-dependent demand[J]. Int. J. of Supply Chain and Inventory Management,2017,2(2).

Cite this article

Huang,W. (2023). Analysis on the Problems and Countermeasures of Accounts Receivable Management in Shanghai Weiming Food Company. Advances in Economics, Management and Political Sciences,14,42-47.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-71-3(Print) / 978-1-915371-72-0(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.14
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Ala'a Adden Abuhommous,Tareq Mashoka.A dynamic approach to accounts receivable: the case of Jordanian firms[J]. Eurasian Business Review,2018,8(2).

[2]. Kolisnyk Olena,Zamota Irina. Theoretical and practical aspects of accounting and analysis of receivables in the field of information and telecommunication[J]. Modern Economics,2019,15.

[3]. Mohammad Hossein Jahangiri. Modelling Customer Satisfaction to Improve Receivables of a Firm in a Supply Chain[J]. International Journal of Applied Management Sciences and Engineering (IJAMSE),2020,7(1).

[4]. T.Stupnytska,O.volodina,K.Zhidkova.Tht directions of management of the commodity debts receivable[J] Ekonomìka Harčovoï Promislovostì, 2017, 9(3).

[5]. Payanok T.M.. Internal control system of accounts receivable: directions of perfection[J]. Problemi Teorìï ta Metodologìï Buhgaltersʹkogo Oblìku, Kontrolû ì Analìzu, 2019, 1(42).

[6]. Flavia Barsotti,Simona Sanfelici. Market Microstructure Effects on Firm Default Risk Evaluation[J]. Econometrics,2016,4(3).

[7]. K.K. Aggarwal, Arun Kumar Tyagi. Inventory and credit decisions under day-terms credit and stock-dependent demand[J]. Int. J. of Supply Chain and Inventory Management,2017,2(2).

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