Internal control of accounts receivable as a tool for increasing the efficiency of the «EFKO» group brand business

Abstract

Purpose: to improve the efficiency of accounts receivable management in the EFKO Group of companies. Discussion: the functioning of the brand division is aimed at achieving the financial stability of the EFKO Group of companies. This is primarily achieved by the optimal ratio of assets and liabilities, their structure. Secondly, the accepted credit policy, its liberality to counterparties, the nature of settlements. The third is the state of the internal control system of an economic entity, which determines the timeliness of debt repayment, its quality and the tools selected for further work with its customers and customers. Therefore, the development of regulations for the management of accounts receivable will not only improve the effectiveness of control over the state of accounts receivable, but also assess the reliability of calculations. Results: the stages, procedures of internal control of accounts receivable and the structure of the regulations on the management of accounts receivable of the EFKO group of companies are presented.