TAILIEUCHUNG - Lecture International accounting: Chapter 7 - Nguyễn Quốc Nhất

Lecture "International accounting - Chapter 7: Receivables" has content: Receivables - An introduction, accounting for uncollectible, the allowance method, the direct write off method, the direct write off method, notes receivable, using accounting information for decision making. | International Financial Accounting Chapter 7: RECEIVABLES International Financial Accounting Chapter 7: RECEIVABLES MA. Nguyen Quoc Nhat Learning Objectives Chapter’s content Define and explain common types of receivables and review internal controls for receivables Use the allowance method to account for Uncollectible Understand the direct write-off method for Uncollectible Account for notes receivable Report receivables on the balance sheet and evaluate a company using the acid-test ratio, days’ sales in receivables, and the accounts receivable turnover ratio Receivables: An Introduction Receivables: An Introduction You have a receivable when you sell goods or services to another party on credit. You also have a receivable when you loan money to another party. So a receivable is the right to receive cash in the future from a current transaction. It is something the business owns; therefore, it is an asset. Each receivable transaction involves two parties: ● The creditor, who will collect cash from the customer. ● The debtor, who takes on an obligation/payable (a liability). The debtor will pay cash later. RECEIVABLES Receivables: An Introduction Accounting for Uncollectible (Bad Debts) The Allowance Method The Direct Write-Off Method Credit-Card and Debit-Card Sales Notes Receivable Using Accounting Information for Decision Making 5 MA. NguyenQuocNhat – Types of Receivables The two major types of receivables are ● accounts receivable, and ● notes receivable. RECEIVABLES 6 1 International Financial Accounting Chapter 7: RECEIVABLES Receivables: An Introduction Receivables: An Introduction Accounts receivable, also called trade receivables, are amounts to be collected from customers from sales made on credit. Accounts receivable serves as a control account because it summarizes the total of all the individual customer receivables. 7 RECEIVABLES Receivables: An .

• Kế toán - Kiểm toán
• Lecture International accounting
• International accounting
• An introduction
• Accounting for uncollectible
• The allowance method
• The direct write off method
• International convergence
• Financial reporting
• International accounting standard
• International federation of accountants
• Comparative accounting
• Accounting environment
• Accounting profession
• Accounting regulation
• Kế toán quốc tế
• Bài giảng Kế toán quốc tế
• International taxation
• International business decisions
• Corporate income tax
• Tax jurisdiction
• Corporate governance
• International trends
• International diversity
• The adjusting process
• Accrual accounting versus cash basis
• Other accounting principles
• Two categories of adjusting entries
• The adjusted trial balance
• Completing the accounting cycle
• The worksheet
• Closing the accounts
• Classifying assets
• Liabilities and payrol
• Current liabilities of known amount
• Current liabilities
• Accounting for payroll
• Worldwide accounting diversity
• Accounting diversity
• Inflation accounting
• Inflation accounting internationally
• Consolidated financial statements
• Foreign capital markets
• Financial statements
• Auditing research
• Accounting research
• International research
• Environment of international research
• International accounting environment
• International accounting standards board
• Merchandise inventory
• Accounting principles
• Inventory costing methods
• Inventory accounting
• International business
• Foreign customer
• International financial reporting standards
• Intangible assets
• International transfer pricing
• Cost minimization
• International corporate social reporting
• Corporate social reporting
• Foreign exchange risk
• Foreign direct investment
• Intangibles acquired
• Internally generated intangibles
• Performance evaluation
• Transfer pricing
• External reporting
• Regulating CSR practices