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International Accounting
 

A prospective analysis of the financial responsibility of debtors in the information environment

Vol. 24, Iss. 1, JANUARY 2021

Received: 3 December 2020

Received in revised form: 15 December 2020

Accepted: 21 December 2020

Available online: 14 January 2021

Subject Heading: Managerial accounting

JEL Classification: М40, М41

Pages: 72–93

https://doi.org/10.24891/ia.24.1.72

Liliya B. SUNGATULLINA Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation
Lilia_sungat@mail.ru

https://orcid.org/0000-0002-4262-9259

Il'mira R. BADGUTDINOVA Institute of Management, Economics and Finance, Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation
badgutdinova.i@mail.ru

ORCID id: not available

Subject. This article deals with the issues of receivables management on the basis of a prospective assessment of the financial solvency of potential counterparties.
Objectives. The article aims to develop methodological approaches to the management of receivables when checking the counterparty for reliability by identifying the existence of a statistically significant relationship between the quick liquidity ratio and impact factors.
Methods. For the study, we used the methods of analysis and synthesis, generalization and comparison, logical and systemic reasoning, and stochastic analysis.
Results. The article proposes a developed methodology of prospective assessment of the financial soundness of counterparties on the basis of special tools of the Gretl software. The methodology is a way to manage an organization's receivables by providing prospective and estimated information at the contract stage to minimize potential risks when executing agreements.
Conclusions. The proposed algorithm of prospective assessment of the creditworthiness of counterparties will help reduce the risk of non-repayment of receivables and develop minimum requirements, which the counterparty must meet in order to obtain a loan. The results of the study can be applied in the organization's practical activities as part of the development of receivables management activities.

Keywords: managerial analysis, receivables, solvency, contracting parties, quick liquidity ratio, Gretl

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