The economic activity of any entity generates a complex, diverse and fluctuating system of economic and legal relations with services beneficiaries, product buyers, staff, the state budget, other ...legal entities and individuals. The relationships established in order to achieve the object of activity lead, due to the time gap in the fulfillment of financial obligations, to the appearance of receivables. This paper highlights the concept of receivables through the synthesis of literature, but also the bibliometric analysis, which allows for a clear picture of the extent and quality of scientific research in the direction of the analyzed issue, that is, accounting and receivables analysis. Likewise, the paper sheds light on the importance of the analysis of receivables, having as "raw material" financial-accounting information, or, the adequate management of the size, structure and maturity terms of the entity's receivables will lead to its prosperity.
This study aims to explore accounts receivable that affect the profitability of credit sales at the Royal Orchid Garden Hotel. This study uses analytical research by reviewing the data on receivables ...and gross operating profit per room at PT Royal Orchid Garden Hotel from 2013 to 2017. The management of accounts receivable turnover does not have a direct impact on hotel profitability, but hotel management strives to achieve sales targets rooms between 40% to 60% as the achievement of reasonable hotel profit. The novelty of this research lies in reviewing accounts receivable based on hotel accounting hospitality Abstrak Tujuan penelitian ini untuk mengetahui kelola piutang yang memengaruhi tingkat profitabilitas atas penjualan kredit kamar dan restaurant di Royal Orchid Garden Hotel and Condominium. Penelitian menggunakan metode explanatory research melalui peninjauan data piutang dan laba operasi kotor per kamar atau Gross Operating Profit di PT Royal Orchid Garden Hotel tahun 2013 sampai 2017. Kelola piutang atas perputaran piutang tidak terlalu berdampak pada profitabilitas hotel namun manajemen hotel mengupayakan pencapaian target penjualan kamar diantara 40% hingga 60% sebagai pencapaian laba operasional hotel yang normal. Kebaruan penelitian ini terletak pada telaah piutang dan profitabilitas berdasarkan akuntansi hotel di bisnis jasa perhotelan.
Purpose: To discover the legal implications of transferring receivables (cessie) without notification to the debtor.
Theoretical framework: The foundation for building a theoretical framework is ...the content of personal finance knowledge in this study, including (i) creditors (cedent), (ii) debtors (cessus), and (iii) credit agreements.
Methods: The research method is that the literature applied to the data normatively consists of primary, secondary, and tertiary legal materials sourced from laws and regulations and relevant literature, which will be described and analyzed systematically. Household heads, as well as secondary data collected from respondents' profiles.
Results and conclusions: The research results were based on Decision Number.127/Pdt.G/2020/ PN.Mks, there had been a transfer of receivables from Co-Defendant I as the old creditor to the plaintiff as the new creditor, which was carried out without the consent of the Defendant as the debtor resulting in legal problems. The transfer of receivables with a cessie mechanism is regulated in Article 613 of the Civil Code, which stipulates that such a handover for the debtor (the debtor) has no consequences except after the handover is notified to him or approved in writing or acknowledged by him.
In the process of carrying out economic activities, each entity engages with various business partners, governmental bodies, personnel, and others. Consequently, the relationships formed often result ...in the emergence of receivables, owing to the time delay in meeting financial obligations related to the sale of economic goods or the provision of advances. The main objective of this research is to comprehensively examine the theoretical aspects related to the concept of accounts receivable, including their definition, classification, and regulation. Additionally, it aims to analyze the normative framework at both the national and international levels, considering economic and legal perspectives. Furthermore, this study encompasses an assessment of scientific productivity, the impact of scientific research, trending topics, and other aspects through bibliometric analysis. It's worth noting that the current market conditions underscore the significance of this research topic, where economic agents have the ability to choose their market and business partners. In this context, accounts receivable play a pivotal role in reflecting the economic and financial situation of both parties involved.
Some Aspects in Trade Recеivables Assessment Ilieva, Marinela; Tsonkova, Vanya
Proceedings of the ... International Conference on Business Excellence,
06/2024, Volume:
18, Issue:
1
Journal Article
Peer reviewed
Open access
One of the most important aspects of operational financial management is related to the management of the working capital of enterprises. A significant portion of this capital is invested in trade ...receivables, which are obtained from deferred sales. On the one hand, nowadays trade credit has a stimulating effect on customer purchases, but on the other hand, incorrect assessment of the creditworthiness of customers and the risk of non-payment (default risk) can negatively affect the financial condition of the enterprise and lead to chain bankruptcies. In the specialized literature on company finance management, the problems of working capital management and risk management of trade receivables are considered in detail. However, the question of the complex assessment of the creditworthiness of customers and the decision on the optimal credit limit remains to some extent insufficiently developed. Summarizing the following key components considered in the literature – 1) overall economic situation, ownership, management and strategy of the company; 2) its revenue and profitability; 3) liquidity and financial leverage; 4) cash flow and turnover, this article focuses on developing and demonstrating the application of an approach to assess the financial condition of customers, to make an adequate decision on credit limit and to avoid the risk of non-payment of commercial loans. The article also presents the results of a descriptive statistical analysis regarding some key financial indicators of Bulgarian enterprises, the credit limits requested by them and the results of applying the presented model.
Working capital balances and financial policy Flannery, Mark J.; Öztekin, Özde
Journal of corporate finance (Amsterdam, Netherlands),
August 2024, 2024-08-00, Volume:
87
Journal Article
Peer reviewed
A firm's working-capital account balances demonstrate substantial connections with its financial policy. Receivables and inventories are associated with lower asset volatility and higher future cash ...flow, and correlate with increased leverage. Conversely, payables show a positive association with shareholder return volatility and a negative correlation with future cash flow and are linked to decreased debt levels. In dynamic panel regressions estimated with system Generalized Method of Moments (GMM), a one standard-deviation increase in payables (receivables) is associated with a 0.42 (0.66) standard-deviation decrease (increase) in leverage. Furthermore, higher levels of inventories and receivables are linked with higher firm credit ratings, along with a preference for debt financing over equity issuance, while increased payables are linked with lower credit ratings and a tendency to favor equity financing over debt financing. The QuickPay regulatory shock, expediting payments and reducing receivables' volume and quality, diminished their collateral role and lowered debt sensitivity to receivables.
Redução de risco no crédito com duplicatas Bonelli, Matheus Fortes; Schiozer, Rafael Felipe; De Vasconcelos, Lucas Nogueira Cabral
Revista Brasileira de Finanças,
06/2021, Volume:
19, Issue:
2
Journal Article
Peer reviewed
Open access
Esse estudo investiga o risco de crédito com duplicatas no Brasil. Usamos dados proprietários de uma central de registros de recebíveis que permitem a consulta de informações sobre o documento fiscal ...das transações comerciais junto às Secretarias de Fazenda estaduais. Analisamos 129 mil notas fiscais eletrônicas (NF-e) de 3.459 empresas, que realizaram operações com 240 agentes financeiros, no valor total de R$633 milhões. Usamos 10 tipos de eventos relativos às NF-e, seu valor e prazo de envio ao agente financeiro para identificar determinantes do posterior cancelamento dessas NF-e. Os resultados sugerem que essas variáveis estão associadas à probabilidade de cancelamento da NF-e e, portanto, à qualidade do recebível como colateral. Esses indicadores podem ser integrados aos processos de concessão de crédito dos agentes financeiros como forma de avaliar o risco der crédito, reduzir a necessidade de garantias adicionais, aumentar o volume de crédito ofertado e permitir a melhor precificação dos empréstimos.
Objetivo: Descobrir as implicaçôes legáis da transferencia de recebíveis (cessie) sem notificaçao ao devedor. Estrutura teórica: A base para a construçâo de urna cstrutura teórica é o conteúdo do ...conhecimento de finanças pessoais neste estudo, incluindo (i) credores (cedente), (ii) devedorcs (cessus) c (iii) contratos de crédito. Métodos: O método de pesquisa é que a literatura aplicada aos dados normativamente consiste em materials legáis primarios, secundarios e terciarios provenientes de leis e regulamentos e da literatura relevante, que serao descritos e analisados sistemáticamente. Os dados serao coletados com os chefes de familia, bem como dados secundarios coletados dos perfis dos entrevistados. Resultados e conclusöes: Os resultados da pesquisa foram bascados na Decisâo Número 127/Pdt.G/2020/ PN.Mks, houve uma transferencia de recebíveis do Co-Réu I como antigo credor para o autor como novo credor, que foi realizada sem o consentimento do Réu como devedor, resultando em problemas legáis. A transferencia de recebíveis com um mecanismo de cessâo é regulada pelo artigo 613 do Código Civil, que estipula que tal transferencia para o devedor (o devedor) nâo tem consequências, exceto depois que a transferencia for notificada a ele ou aprovada por escrito ou reconhecida por ele.
The article seeks to investigate the problems of organizing accounting of receivables in the management of the enterprise, to take into account the updated requirements of normative legal acts on its ...implementation and to propose approaches to improvement. The study of legal requirements and the latest publications on the organization of accounts receivable in the management of the company involves only a partial display of the organization of accounts receivable, namely, either principles, or classification, the creation of a working plan of accounts, where the managerial component is not taken into account. The indicated shortcomings encourage the author to step-by-step proposals for the creation of an "Order on the policy of managerial accounting", which outlines the selected methodological principles of financial accounting of accounts receivable "Ordinance on the system of managerial accounting of enterprises" where it is necessary to specify developed regulatory acts, primary documents and registers of managerial accounting of receivables. The implementation of the proposal on the organization of management accounting of receivables into the practical activities of wholesale trade companies will allow this area to be divided into stages that facilitate tracking of the need to build or reduce its volumes, maturities, terms of calculation, additional work with counteragents, the need to apply to judicial authorities or enterprises outsource.
This paper studies the effect of corporate social responsibility (CSR) and customer relationships on the stock price during the COVID-19 pandemic. The empirical results show that CSR practices ...improve firms’ resilience to the negative health crisis shocks. The functional principal component analysis helps display the relationship between CSR and cumulative abnormal returns (CAR). It shows that CSR practices improve customers’ cooperation willingness. Customers of high-CSR firms pay invoices faster during the crisis, which results in less increment of accounts receivable. Hence, high-CSR firms gain more cash support from their customers to overcome the COVID-19 pandemic, resulting in higher cumulative abnormal returns.
•CSR practices improve firms’ resilience to the negative health crisis shocks.•CSR benefits customers’ cooperation willingness and collecting accounts receivable.•High-CSR firms gain more cash support from their customers to overcome the COVID-19.
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