Analysis of obligations of the suppliers and subcontractors

Abstract

The companies permanently perform calculations with the suppliers
for purchased production goods, raw material and other material assets,
executed works and rendered services and subcontractors for executed
works and work stages. Calculation debts during financial and economic
activities shall be within accepted value. Timely taking the measures is
possible only in systematic control execution by the company.
The analysis of credit debt, which means not only debt to the supplier,
but credits, loans, calculations with budget and other liabilities, take an
important place. Analysis of debt by the terms of extinction of obligations
is important. Generally, herewith the debt is divided into two large groups:
long-term and short-term.
The aim of the obligation analysis of the suppliers and subcontracts is
to appraise status of obligations of the suppliers and subcontracts and to
outline method of their improvement. Carried out examination is based on
studying of practice of the companies’ activities.