PDF-Essentials of Credit Collections and Accounts Receivable

The Benefits of Reading Books. 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. Receivables, Bad Debt Expense, and Interest Revenue. PowerPoint Authors:. Brandy Mackintosh. Lindsay . Heiser. Learning Objective 8-1. Describe the trade-offs of extending credit.. Pros and Cons of Extending Credit. 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. 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 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. 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. To Your . Customers. Establish Effective Credit and Collection Policies. Advantages . of . Trade Credit In Your Business. Encourage . customers to . buy more. Improve customer loyalty and . build good . 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.. 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.. Receipts. Learning Objectives. Explain and Journalize Entries for Sales, Sales Discounts, and Sales Returns and Allowances. Record to Subsidiary Ledgers and Post to General Ledger Sales Transactions and Returns. Accounts receivable (AR) automation assistances corporations improve their consumer invoicing and payment processes. It aims to ensure that consumer’s remuneration for the goods or services they utilized. IMAS. 1. Working Capital management of Receivables. Why do companies grant credit?. Cost associated with granting credit. IMAS. 2. Objective . The objective of receivables management is to make . sound decisions as regard to investment in debtors.. – . Accounts Receivable. What does accounts receivable mean?. Where can I find accounts receivable in . CStore. ?. How do I collect on these invoices?. Why is accounts receivable important?. Agenda. 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.