ANALYSIS OF RECEIVABLES MANAGEMENT EFFECTIVENESS AND THEIR EFFECT ON COMPANY LIQUIDITY AT PT JACO NUSANTARA MANDIRI MEDAN

Elwardi Hasibuan

Authors

Elwardi Hasibuan Universitas Alwashliyah Medan

Keywords:

Receivable Turn Over, Average Collection Period, Average Investment of Receivable, liquidity ( Current Ratio)

Abstract

This study aims to determine the practice of receivable management and its effect on the level of liquidity of the company PT Jaco Nusantara Mandiri Medan. The sample in this study was taken from the financial statements of PT. Jaco Nusantara Mandiri Medan for three years, namely 2016, 2017 and 2018. The analytical method used is quantitative analysis using ratio analysis as a measuring tool. The results of the analysis carried out show that the company's receivables management has established a loose credit policy and a passive collection policy, as well as. Receivable Turn Over (RTO), ACP, and AIOR performance continues to decline every year. This decrease shows that the ineffective management of the company's receivables management will affect the decrease in the company's liquidity.

Downloads

Download data is not yet available.

References

Amir Abadi Jusuf , 2001 , Accounting Information Systems , Jakarta: Salemba Empat

Arens, Alvin A., and James K. Loebbecke, 2007. Auditing An Integrated Approach , Translated by Amir Abadi Jusuf, Eighth, Volume 1, Prentice–Hall International, Inc, New York

Azhar santo, 2004, Accounting Information System I : Approach to the Practical Manual of Preparation of Methods and Procedures Eighth Edition :Bandung

Carl S Warren, James M Reeve and Philip E Fess, 2006 , Introduction to Accounting , Book one, Edition 21, Jakarta: Salemba Empat

Hasibuan, Malay SP 2005, Human Resource Management , Revised Edition: Jakarta. Earth Literature

Kasmir, 2012, Financial Statement Analysis , PT. Raja Grafindo Persada, Jakarta.

Marlin Surya Manurung, Tarlida and Fajar Nugraha, Achmad. 2012. Analysis of the Effect of Accounts Receivable Turnover on Company Liquidity, Case Study at PT. Goodyear Indonesia Tbk. And PT. Gajah Tunggal Tbk . Ranggading Scientific Journal. Vol. 12 No, 01:39-46

Mitayani, Dhenok. 2016. Analysis of Doubtful Accounts Against Accounts Receivable Turnover At Cv. Eternal Diamonds in Surabaya. Scientific journals.

Mulyadi . 2013 . Accounting System , Third Edition, Fourth Printing, Jakarta: : Salemba. Four.

Sutrisno. 2009. Financial Management Theory, Concepts and Applications . Yogyakarta : Econesia.