Assessment of the reliability of the internal control system of accountants and credits debt OJSC «Russian railways»

Tarasova Tatyana Mikhailovna, Tarasova Olga Valerievna

Management of the organization's settlements and control over them is one of the key elements of the general policy of the enterprise, and includes, in addition to the management and control of the level of debt, also the determination of the terms of sale, the development of basic rules and payment policy and cash flow to ensure economic efficiency of activities ... The purpose of this article is to assess the reliability of the internal control system (ICS) of receivables and payables, as well as to develop the necessary additions to the existing ICS tools at railway transport enterprises. Method or methodology of the work: The methodological basis of this article is the works of domestic and foreign scientists, as well as regulatory documents on the theory and practice of the functioning of the internal control system and risk assessment at enterprises. In the course of the research, various mathematical methods were used, as well as methods of analysis, analogy, comparison, modeling and others. An integrated and systematic approach was used to summarize the results and draw conclusions. As a result of the SWOT analysis of the ICS of receivables and payables at Russian Railways, it was concluded that the control procedures at Russian Railways were developed in detail and contain a sufficient amount of information and a clear sequence of actions. The strengths of Russian Railways are such positions as: leadership in the transport services market of the Russian Federation and a sufficiently developed IT infrastructure that allows connecting cities, structures, departments. The weakest aspect of the activity of the ICS of JSC "Russian Railways" is the nature of the activity and the current state of the railways in the Russian Federation, which does not allow using international experience to the full. Scope of the results: This material can be used not only within the framework of transport enterprises, but also with some changes for the necessary structures, can be used by organizations of other industries in charge of, for example, cargo transportation, logistics, construction work.

Keywords:accounts receivable, accounts payable, internal control, internal audit, internal control system