MANAGEMENT OF ACCOUNTS RECEIVABLE UNDER ECONOMIC INSTABILITY: CONCEPTUAL AND APPLIED APPROACHES

Abstract

This article explores both conceptual and applied approaches to managing accounts receivable in enterprises facing economic instability. The author presents a detailed classification of receivables based on their liquidity, maturity, origin, and risk exposure, emphasizing the critical need for structured segmentation and prioritization of collection strategies. The study identifies key financial indicators – such as turnover ratios, solvency metrics, and working capital efficiency – that collectively influence the effectiveness of receivables management. A comprehensive model is proposed, integrating traditional financial instruments with innovative digital tools, including automated scoring systems, predictive analytics, and blockchain-based verification, to streamline operational processes.
The article also analyzes the fundamental role of regulatory frameworks, particularly national accounting standards and international financial reporting principles, in shaping receivables accounting and disclosure practices. Drawing on Ukrainian and international experience, the author formulates several practical recommendations for optimizing credit policies, improving financial discipline among counterparties, and consequently enhancing enterprise resilience to macroeconomic shocks. Special attention is given to the challenges faced by small and medium-sized businesses, which often operate with limited access to financial resources and are therefore more vulnerable to payment delays.
The strategic importance of receivables management is highlighted in the context of liquidity preservation, risk mitigation, and long-term sustainability. The findings are highly relevant for financial managers, accountants, analysts, and policymakers seeking to strengthen corporate financial strategy. Further research is strongly recommended to assess the long-term impact of digitalization, artificial intelligence, crisis-response mechanisms, and adaptive financial architectures on receivables management in post-crisis, transitional, and recovery economies, with a particular emphasis on cross-sectoral integration and resilience-building mechanisms.