Finance and Credit
 

Overdue receivables of the organization: Quality analysis, ways of prevention and regulation

Vol. 24, Iss. 4, APRIL 2018

Received: 16 March 2018

Received in revised form: 30 March 2018

Accepted: 13 April 2018

Available online: 28 April 2018

Subject Heading: Financial control

JEL Classification: G32

Pages: 833—844

https://doi.org/10.24891/fc.24.4.833

Kasacheva O.V. OOO Gazprom transgaz Tomsk, Tomsk, Russian Federation
OVKasacheva@mail.ru

https://orcid.org/0000-0002-6954-6322

Udod V.A. Tomsk State University, Tomsk, Russian Federation
pr.udod@mail.ru

https://orcid.org/0000-0001-7082-4062

Importance This article deals with the identification of overdue receivables, their evaluation, and the elaboration of a set of activities for their settlement.
Objectives The article aims to develop methodological provisions and practical recommendations to improve the mechanism of debt assessment of counterparties.
Methods For the study, we used the systems approach and analysis of statistical data, and the methods of generalization, synthesis and analysis, as well.
Results The article presents five key indicators of receivables that will help manage credit risk, optimize cash flows, and carry out operational monitoring of liquidity of the organization. It introduces an additional classification criterion of the details of overdue debts of counterparties. On the basis of this characteristic, the article proposes to analyze the quality of overdue receivables.
Conclusions The developed indicators can be used by any organization irrespective of size and organizational-legal form, and also in case of necessity, they can be adapted and automated in various business processes.

Keywords: accounts receivable, current assets, credit risk, doubtful accounts allowance, key indicator

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