TAILIEUCHUNG - Lecture Financial accounting: Tools for business decision making - Chapter 8: Reporting and analyzing receivables

This chapter’s objectives are to: Identify the types of receivables and record accounts receivable transactions, account for bad debts, account for notes receivable, explain the statement presentation of receivables, apply the principles of sound accounts receivable management. | Reporting and Analyzing Receivables Kimmel ● Weygandt ● Kieso Financial Accounting, Eighth Edition 8 Describe how companies value accounts receivable and record their disposition. CHAPTER OUTLINE Explain how companies recognize accounts receivable. 1 2 LEARNING OBJECTIVES Explain how companies recognize, value, and dispose of notes receivable. 3 Describe the statement presentation of receivables and the principles of receivables management. 4 Amounts due from individuals and companies that are expected to be collected in cash. Amounts customers owe on account that result from the sale of goods and services. Accounts Receivable Written promise (formal instrument) for amount to be received. Also called trade receivables. Nontrade receivables such as interest, loans to officers, advances to employees, and income taxes refundable. Notes Receivable Other Receivables LEARNING OBJECTIVE Explain how companies recognize accounts receivable. 1 LO 1 Amounts due from individuals and companies .

• Kế toán - Kiểm toán
• Analyzing receivables
• Accounts receivable
• Financial accounting
• Lecture Financial accounting
• Business decision
• Kế toán tài chính
• Analyzing long lived assets
• Analyzing liabilities
• Analyzing stoc kholders’ equity
• Statement of cash flows
• Business decision making
• Analyzing stockholders’ equity
• Cash flows
• Managerial accounting
• Financial and managerial accounting
• Accounting for receivables
• Internal control
• Bank account
• Internal control activities
• Financial statements
• Lecture Accounting
• Business organization
• Accounting information
• Making business decision
• Business decision tool