Ways to Improve the Efficiency of the Financial Mechanism Through Managing Accounts Receivable in Cotton Ginning Enterprises

Abstract

This article analyzes the formation of accounts receivable in cotton ginning enterprises and examines their volume, structure, and turnover in terms of their impact on the efficiency of the financial mechanism. The study substantiates that the growth of accounts receivable is driven not so much by production volumes as by time gaps between the execution of economic operations and their reflection in the accounting system, insufficient payment discipline, and weaknesses in management mechanisms. It is also scientifically demonstrated that a high share of accounts receivable leads to a slowdown in cash flows and a deterioration in liquidity and financial stability indicators. As a result, the study concludes that accounts receivable should be considered not only as accounting objects, but also as an important managerial element in improving the financial mechanism of cotton ginning enterprises.