Formation of the credit rating of buyers for the preventive control of accounts receivable

¹ Saint Petersburg State University of Economics, Department of Accounting and Analysis, 191023 Saint Petersburg, Russia
² Kazan State Agrarian University, Department of Accounting and Audit, 420015 Kazan, Russia
³ PricewaterhouseCoopers Audit JSC, Kazan, 420011, Russia

^* zakirovaar@mail.ru

Abstract

Modern economic environment requires constant optimization of economic entities, looking for new directions, ways and mechanisms of the business program implementation. Practice shows that the effectiveness of the production resources use depends not only on potentially existing profitability of an organization’s type of business, but primarily on the ability to swiftly handle economic facilities and to rapidly master new options for free assets operation. At the present stage of business development, control appears to be an integral part of improving asset management process inclusive of accounts receivable. The objective of the article is to substantiate theoretical provisions and develop practical recommendations for improving methods of customer rating assessment. The article proposes a credit rating formation pattern, which makes it possible to eliminate the problem of unmotivated issuing credits to contractual partners of long-term cooperation with the assumption that they have past-due accounts receivable. And an additional point is that this pattern offers an effective instrument for such accounts receivable preventive control.