Accounting for Receivables and Bad Debt

This course presents the proper accounting for receivables surrounding uncollectible accounts and bad debt.

4.50 (37 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
Accounting for Receivables and Bad Debt
156
students
1.5 hours
content
Jul 2017
last update
$44.99
regular price

What you will learn

Define key terms regarding receivables and bad debts.

Discover the sequence of events related to the three primary journal entries related to accounting for bad debts.

Recognize the impact of accounting for bad debts on the related accounts.

Discover how to calculate values used in the Allowance Method of accounting for bad debts.

Discover how to calculate simple interest on notes receivable.

Description

This accounts receivable training covers the proper accounting for receivables and related issues surrounding uncollectible accounts/bad debts. A brief discussion of the direct write-off method will explain why the allowance method is the better approach. The subtle differences between the Balance Sheet approach vs. the Income Statement approach are presented. Additionally, simple interest on notes receivable are calculated and detailed examples are provided.

Content

Introduction

Introduction to Accounts Receivables
Allowance for Bad Debts
Demonstration of Sales Method
Demonstration of Receivables Method
Reasoning on Allowance for Bad Debts
Example of Un-collectability
Notes Receivable
Reviewing Bad Debt T Accounts
Example T Accounts Bad Debt

Supporting Materials

Notes Template: Accounts Receivable
Workbook: Accounts Receivable

Review and Test

Review Questions
FINAL EXAM

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1306626
udemy ID
7/28/2017
course created date
12/18/2020
course indexed date
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