PPT-Accounts Receivable Automation Market Insight 2021

Accounts receivable AR automation assistances corporations improve their consumer invoicing and payment processes It aims to ensure that consumers remuneration for the goods or services they utilized. Understand cash and accounts receivable from a business perspective.. Define financial assets, and identify items that are considered cash and cash equivalents and how they are reported.. Define receivables and identify the different types of receivables from an accounting perspective.. Chapter 5. Summary. Short-Term (Trading) Investments. 3 Transactions. Initial purchase. Period End Adjustment. Sale of Investment. Reporting ST Investments. Year of Purchase. Balance Sheet. Market Value of Investment. Chapter . 6. Cash. and Receivables. © 2013 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.. Intermediate. Nature of financial instruments. Cash. Receivables. Recognition of accounts receivable. Valuation (the doubtful accounts issue). Disposition of accounts receivable. Notes receivable. Notes payable. 1. Nature of financial instruments. Notes Receivable. and Interest Revenue. Receivables. Premise. :. Receivables. Premise. :. When you extend credit to customers…. Receivables. Premise. :. When you extend credit to customers…. you know some customers won’t pay.. PRINCIPLES OF . FINANCIAL ACCOUNTING . CANADIAN EDITION. Chapter 8. Accounting for Receivables. Prepared by. :. Debbie . Musil. Kwantlen. Polytechnic University. 1. Accounting for Receivables. Copyright John Wiley & Sons Canada, Ltd. . Chapter 8. Joudrey. Subsidiary Ledgers. A growing firm will have a rapid increase in the number of customers who will purchase goods or services on account. Accounts must be kept for each customer so the firm can keep track of who owes them money and in what amounts. If this company were to list all of these on their financial statements (balance sheet) it would be very lengthy. . Chapter 6. Learning Objectives. After studying this chapter, you should be able to:. Describe the common classifications of receivables. Describe the nature of and the accounting for uncollectible receivables. Chapter 7. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. PowerPoint . Author:. . Brandy Mackintosh, CA. Learning Objective 8-1. Describe the trade-offs of extending credit.. Pros and Cons of Extending Credit. Disadvantages. Increased wage costs.. Bad debt costs.. 9. Learning Objectives. Explain how companies . recognize accounts . receivable.. Describe how companies . value accounts . receivable and record . their disposition. .. Explain how companies . recognize notes . Sales of robotic end of arm tools witnessed growth at a rate of over 8% from 2013 to 2017. In line with growing demand for industrial robots, robotic end of arm tool sales are set to witness sheer proliferation. LO. 1. Explain the purpose of the allowance method for recording losses from uncollectible accounts.. LO. 2. Estimate uncollectible accounts expense using an aging of accounts receivable.. LO. 3. Sales and Collection Cycle:. Accounts Receivable. Chapter 15. Learning Objective 1. Describe the methodology. for designing tests of details. of balances using the. audit risk model.. Accounts Receivable Balance-Related Audit Objectives.