Open AccessCompany credit policy as a factor in its effective and long-term development
Author(s) -
Юлия Ивченко,
Yuliya Ivchenko
Publication year - 2014
Publication title -
russian journal of management
Language(s) - English
Resource type - Journals
eISSN - 2500-1469
pISSN - 2409-6024
DOI - 10.12737/10590
Subject(s) - accounts receivable , accounts payable , business , working capital , trade credit , term (time) , finance , credit reference , credit history , cash , cash flow , financial system , credit risk , payment , physics , quantum mechanics
The scientific and practical publications and regulatory sources for essence credit policy of the firm are analyzed. Based on the analysis it was concluded that there is no unified approach to the content of the term «company credit policy». The credit policy of the firm as a set of principles and methods for management of accounts receivable and the provision of trade credit to buyers; management of payables and bank credits as the main sources of borrowed working capital; management of free cash in the form of giving commercial loans to other companies and opening bank deposits examined.