MANAGEMENT OF ACCOUNTS PAYABLE OF AN ENTERPRISE: ACCOUNTING AND ANALYTICAL ASPECT

Abstract

The purpose of the article is to study the accounting and analytical aspects of management of accounts payable of the enterprise on the basis of its analysis and systematization of the constituent components of the system of accounting and analytical provision of management of accounts payable, including technique of its analysis.From the efficiency of the management of accounts payable largely depends the efficiency of the enterprise's financial resources received, which significantly reduces the risk of insolvency and bankruptcy of the enterprise. Analysis of payables plays a leading role in this process, because it provides relevant accounting and analytical information for decision-making on payables. Accounting and analytical issues in the effective management of payables are always relevant to any business entity. Because it depends on financial well-being and competitiveness, as well as on the achievement of the goals of business development in general.The theoretical and methodological basis of this research is the sources of educational, monographic and periodical literature on the chosen topic, as well as legal documents regulating the processes of management of accounts payable. In the study, the following methods were used: observation, analysis and synthesis, monographic method, dialectical method, method of comparison, methods of induction and deduction, and also generalization method.The model of management of accounts payable includes the following components: (1) static and dynamic analysis of the formation and repayment of the payables of the entity and its impact on the amount of its cash flows; (2) justification of the expediency of receipt of postponement of payment of suppliers' accounts, as well as the optimal term of such delay; (3) prevention of the formation of overdue accounts payable and provision, if necessary, extension of accounts payable.The analysis of accounts payable should be carried out according to the accounting and The article systematizes the components of the system of accounting and analytical provision of management of accounts payable of the enterprise. Also, the components of the technique of analysis of accounts payable of the enterprise are systematized.Management of accounts payable on the basis of its analysis can help the enterprise to optimize the amount of its payables. This means the formation of such a size that it will attract the necessary short-term funds on a royalty-free basis to finance certain elements of current assets (including receivables); will contribute to the growth of financial results of the enterprise; will provide the necessary profit from sales; will ensure the maintenance of the permissible level of risk of non-payment of payments by the enterprise in accordance with its liabilities; will provide a sufficiently high rate of turnover of funds in settlements with partners.The rationally organized system of accounting and analytical provision of management of accounts payable of the enterprise will allow evaluate the efficiency of its management, to find directions for its optimization, to invent a fundamentally new information concept for implementation of the enterprise development strategy. One of the most important components of such a system is the correct technique of analysis of accounts payable.