CASH RECEIVABLES

Oct 05, 2012

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CASH RECEIVABLES

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Cash and Receivables

Cash and Receivables Chapter 7 Learning Objectives What is Cash Recognition of Receivables Trade Discounts Cash Discounts (gross versus net) Valuation of Accounts Receivable Direct Write-off Method Allowance Method (% sales & % of receivables) Recognition of Notes Receivable

932 views • 37 slides

Chapter 7: Cash and Receivables

Chapter 7: Cash and Receivables Intermediate Accounting Kieso, Weygandt, and Warfield Part 1: Cash and Cash Equivalents Cash and Cash Equivalents: Issues Definition of “cash” : various items that comprise cash.

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Chapter 7: Cash and Receivables

602 views • 33 slides

6 Cash and Receivables

6 Cash and Receivables . ntermediate Accounting. I. 中级会计学. Accounting School · Zhongnan University of Economics & Law. Intermediate Accounting 6 Cash and Receivables. 1. Accounting for cash. Cash is the resources on hand to meet planned expenditures and emergency situations .

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Receivables

Receivables. Chapter 9. Receivables. Accounts receivable. Notes receivable. Design internal controls for receivables. Objective 1. Establishing Internal Control. What are some controls over accounts receivable?. Control over mail receipts. Approval for write-off. Separation

753 views • 45 slides

Cash and Receivables

Cash and Receivables. Chapter 7. Learning Objectives. Identify items considered as cash. Indicate how to report cash and related items. Define receivables and identify the different types of receivables. Explain accounting issues related to recognition of accounts receivable.

3.16k views • 60 slides

Cash and Receivables

Cash and Receivables. Objectives of this Chapter. I. Discuss the asset valuation methods. II. Identify items to be included in the cash account and discuss how cash and related items are reported.

1.76k views • 149 slides

Management of cash and receivables

Management of cash and receivables . Meaning and Nature of cash. MEANING OF CASH:-

719 views • 20 slides

Receivables

0. 8. Receivables. 0. 8-1. Classification of Receivables. The term receivables includes all money claims against other entities, including people, business firms, and other organizations. 0. 8-1. Accounts Receivable.

990 views • 43 slides

Receivables

Receivables. What to do with Receivables?. Recognize Value Dispose. Recognize Receivables. Journal. Valuing Receivable. The concept of “Bad debt” Two Methods Direct Write off Allowance Method Estimate the Bad Debt Create “Allowance for Doubtful Accounts”. More on Allowance Method.

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Receivables

Receivables. 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. Receivables. Premise :

660 views • 52 slides

Receivables

8. Receivables. 1. Describe the common classes of receivables. 8-2. 1. Classification of Receivables. The term receivables includes all money claims against other entities, including people, business firms, and other organizations. 1. Classification of Receivables.

979 views • 71 slides

Cash and Receivables

Cash and Receivables. Chapter 7. Cash and Cash Equivalents. Cash. Currency and coins. Balances in checking accounts. Items for deposit such as checks and money orders from customers. Cash equivalents are short-term, highly liquid investments that can be readily converted to cash.

908 views • 52 slides

CASH AND RECEIVABLES

Chapter 7. CASH AND RECEIVABLES. Cash and Cash Equivalents. Cash. Currency and coins. Balances in current bank accounts. Items for deposit such as checks and money orders from customers. Cash equivalents are short-term, highly liquid investments that can be readily converted to cash.

1.57k views • 52 slides

Chapter 7: Cash and Receivables

Chapter 7: Cash and Receivables. 上海金融学院会计学院. Chapter 7: Cash and Receivables. Identify items considered cash. Indicate how cash and related items are reported. Define receivables and identify the different types of receivables.

727 views • 31 slides

Cash and Receivables

Cash and Receivables. Chapter 7. Intermediate Accounting 12th Edition Kieso, Weygandt, and Warfield. Prepared by Coby Harmon, University of California, Santa Barbara. Accounting for Accounts Receivable. Journal entry for credit sale of $100? Accounts receivable 100 Sales 100.

439 views • 20 slides

Cash and Receivables

Cash and Receivables. BUS320 Fall 2010. Cash. What is cash?. Terms associated with cash. Restricted cash balances. Cash equivalents. Overdraft. Compensating balances. Foreign currency. Restricted Cash. If the restricted cash balance is material, must be segregated from Cash as follows:

942 views • 59 slides

Cash and Receivables

Insert Book Cover Picture. Cash and Receivables. 7. Cash. Coins and currency. Petty cash. Cashier’s checks. Certified checks. Amounts on deposit with financial institutions. Money orders. Cash Equivalents. Items very near cash but not in negotiable form. Money market funds.

1.19k views • 90 slides

Receivables

Receivables. Chapter 9. Receivables. Monetary Claims Arise from selling goods and services on credit and lending money Two major types Accounts Receivable – current asset Notes Receivable – current or long-term asset depending on when the note matures. Objective 1.

607 views • 47 slides

Receivables

Receivables. Chapter 9. Learning Objectives. Describe the common classes of receivables. Describe the accounting for uncollectible receivables. Describe the direct write-off method of accounting for uncollectible receivables.

840 views • 62 slides

The Revenue/ Receivables/Cash Cycle

The Revenue/ Receivables/Cash Cycle. Learning Objectives. Explain the normal operating cycle of a business. Prepare journal entries to record sales revenue, including the accounting for bad debts and warranties for service or replacement.

811 views • 57 slides

Cash and Receivables

C. 6. hapter. Cash and Receivables. Objectives. 1. Understand the importance of cash management. 2. Prepare a bank reconciliation. 3. Discuss revenue recognition when the right of return exists. 4. Understand the credit policies relates to accounts receivable.

759 views • 58 slides

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