Accounting for Receivables and Bad Debt
This course presents the proper accounting for receivables surrounding uncollectible accounts and bad debt.
4.50 (37 reviews)
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
Charts
Price
Rating
Enrollment distribution
Related Topics
1306626
udemy ID
7/28/2017
course created date
12/18/2020
course indexed date
Bot
course submited by