Effective Management of Organizations' Accounts Receivable in the Context of Financial Management

   Relevance. Accounts receivable of an organization is one of the key factors of its solvency and financial stability, which determine the direction of activity and the nature of the implementation of its financial and commercial obligations of any business entity. Therefore, accounts receivable can be called the basis for effective management of the organization along main vectors of its functioning.
   The purpose of the presented study is to consider receivables in the system of economic indicators - in addition, a point study of the scale of average receivables is carried out in a single region (Kursk region) to establish the nature of the change in its dynamics.
   Objective. To achieve this goal, the article considered the systematic position of receivables as a general financial indicator, as an economic term without contextual adjustments and situational interpretations; the official information on receivables on average in the Kursk region was studied and evaluated as a factor in changing the rate of cash turnover and dynamic trends.
   Methodology. The main information base of this study was the methodology of point analysis of the theoretical aspect of the definition and the practical aspect of the use of receivables in the activities of an average organization through consideration of its individual features and defining qualities, and also a synthesis of information from the documents of the bodies of statistical observations in the Kursk region on the relevant topic.
   Results. The idea of effective receivables management is necessary, as this system proves the success of its application in certain areas of regional financial management, but there is no doubt that there is room for growth and expansion of existing practices and methods. Nevertheless, it is too early to talk about not just a key role, but about occupying a key niche in the organization’s activities.
   Conclusions. The effectiveness of receivables management as a whole depends not only on individual or systemically taken elements of the financial management system, but on its very foundations - including the fact of the terminological definition, the chronological framework for applying the fundamental tools of receivables management.

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