FEATURES OF ACCOUNTING SUPPORT FOR STRATEGIC MANAGEMENT OF ACCOUNTS RECEIVABLE

Abstract

The article substantiates theoretical and methodological approaches to accounting and analytical support of strategic management of accounts receivable as an important prerequisite for financial stability of an enterprise. The article considers conceptual cases of recognition of receivables as a financial asset with inherent signs of impairment risk, which necessitates introduction of new management accounting tools. The need to modify the traditional mechanisms for assessing and creating provisions for doubtful debts, which are focused on events that have already occurred and do not timely reflect the level of threats of loss of some assets, served as the basis for improving the accounting methodology using analytical sections to account 361 ‘Settlements with domestic customers’. The authors have improved the model of classification of receivables based on three criteria: type of debtor (depending on strategic importance and history of cooperation), degree of documentary evidence of the debt and legal status of the liability. Based on a combination of these characteristics, a system of analytical accounts to account 361 ‘Settlements with domestic customers’ has been developed. It is proved that the use of advanced analytics allows for reliable identification of types of receivables and the formation of management information on the degree of their riskiness.A methodical approach to the creation of a reserve for doubtful debts in management accounting, based on the indicative risk coefficients determined for each classification group of receivables, is disclosed. It is emphasized that this approach allows for the gradual recognition of the risk of asset loss before the onset of delay, which contributes to increasing the relevance of management decisions, strengthening the information function of accounting and ensuring transparency in the formation of financial indicators.