Aspects of improving the presentation of information on receivables for working assets in the balance sheet

One of the most important financial assets in the total assets of enterprises is accounts receivable. The term "accounts receivable" refers to the amount of receivables arising from all legal or natural persons arising in the enterprise, as well as as a result of sales and other transactions of separate divisions of the enterprise. Accounts receivable - complex accounting with aspects such as types, content of each type, date of issue, collection period, payment procedure and established deductions or penalties, the payer and his financial condition, accelerating the circulation of receivables, their reflection in the financial statements and is the object of analysis. Accomplishing such a complex task requires chronological, comprehensive and systematic management of the movement of receivables. Accounts receivable at the enterprise as a financial asset gives the debtor the right to receive funds for certain transactions. This means that this type of financial asset is the basis for exercising the right to timely attract funds to the enterprise arising from the operations of the entity. The information presented on the accounts received in the working capital section of the balance sheet is one of the main sources for partners to study and assess the financial condition of the enterprise. Recent changes in the national economy, such as the acceleration of the entry of enterprises into foreign markets, the entry of foreign partners into our country, make it necessary to introduce financial reporting information in accordance with internationally recognized standards or practices. This idea also applies to accounts in the full sense - the current account and the order in which they are reflected in the balance sheet. There are a number of problems at this facility, the optimal solution of which is one of the most pressing issues in the domestic financial accounting system. One of the most important activities in this regard is the accounting of current receivables, divided into commercial and non-commercial characteristics, as well as accounting for other specific points and their reflection in the balance sheet.