# Receivables & The Allowance vs The Direct Write Off Methods

Accounts receivable valuation, allowance method, direct write off method, valuation of notes receivable, internist calc

4.55 (76 reviews)
Udemy
platform
English
language
Accounting & Bookkeeping
category
35,461
students
14 hours
content
Jun 2019
last update
\$44.99
regular price

## Description

We will discuss receivables, focusing on accounts receivable and notes receivable, reviewing the accounts receivable cycle, the journal entries for recording accounts receivable, and related subsidiary ledgers.

We will discuss bad debt and valuing of accounts receivable using two methods, the allowance method and the direct write off method. The accounts receivable account represents money owed to the company but there will be times when the company cannot collect on the account receivables.

Under the direct write off method, we write off the accounts receivable as we determine they are not collectible. The direct write off method does not do a good job of representing the accounts receivable account's true value and does not do a good job of conforming to the matching principle, matching up expenses with the related revenue it was used to generate.

The allowance method does a better job of valuing accounts receivable and conforming to the matching principle and is the method preferred. The allowance method is more complex, however, and requires the use of estimates.

We will also discuss notes receivable, the journal entry for recording notes receivable, and for receiving payment on a note receivable. We will cover detailed methods for calculating simple interest.

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.

Content Includes:

• Account receivable and note receivable characteristics
• Accounts receivable cycle
• Accounts receivable subsidiary ledger
• Accounts receivable valuation
• Allowance for doubtful accounts method of accounts receivable
• Direct write off method of accounts receivable
• How to estimate bad debt expense under the allowance method
• Components of a note receivable
• How to calculate simple interest
• How to record a note receivable

## Content

### Introduction

Introduction
PDF - 10 Receivables Introduction
Receivables Introduction
Quick Comic Break

### Accounts Receivable Journal Entries

2 Accounts Receivable Journal Entries
PDF - 20 Lecture 4 Business transactions involving accounts receivable D & D
Accounts Receivable Journal Entries
Prob 5 Debits and Credits Accounts Receivable
Prob 8 General Ledger Accounts Receivable
10 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Accounts Receivable Subsidiary Ledger

3 Accounts Receivable Subsidiary Ledger
PDF - 30 AR subsidiary ledgers D & D new
Accounts Receivable AR Subsidiary Ledger Explained
700.10 Accounts Receivable Subsidiary Ledger 700 Part 1-Accounting instructions-
700.20 Accounts Receivable Subsidiary Ledger 700 Part 2-Accounting instructions
20 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Direct Write Off Method

4 Direct Write Off Method
PDF - 40 Direct Write Off Method
Direct Write Off Method
Worksheet Direct Write Off Method
30 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Allowance Method

5 Allowance Method
PDF - 50 Allowance Method D & D
Allowance Method Accounts Receivable
900.10 Allowance Method 900 Part 1-Accounting%2C Financial
900.20 Allowance Method 900 Part 2-Accounting%2C Financial
900.30 Allowance Method 900 Part 3-Accounting%2C Financial
40 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Allowance Method Compared to The Direct Write Off Method

6 Allowance Method Compared to The Direct Write Off Method
PDF - 60 Allowance & Direct Writ Off Method Comparison
Allowance Method VS Direct Write Off Method
50 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Allowance for Doubtful Accounts Calculation

7 Allowance for Doubtful Accounts Calculation
PDF - 70 Allowance AR vs Sales method
Allowance Method % Accounts Receivable vs % Sales Method
Worksheet % of Accounts Receivable Aging Method
Worksheet - % of Sales Method - Allowance for Doubtful Accounts
Short Calculation 1
60 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Notes Receivables

8 Notes Receivable
PDF - 80 Note Receivable
Notes Receivable
PDF - 90 Interest Calculations
Interest Calculations
Worksheet - Simple Interest
100 Note Receivable Example
Note Receivable Example
Worksheet 1 - Notes Receivable
Worksheet 2 - Notes Receivable
Short Calculation 2
70 Multiple Choice Questions - Accounts Receivable
Quick Comic Break

### Comprehensive Problem

9 Comprehensive Problem
Comprehensive Problem Special Journals Part 1
Comprehensive Problem Special Journals Part 2
Comprehensive Problem Special Journals Part 3
Comprehensive Problem Special Journals Part 4
Comprehensive Problem Special Journals Part 5 Adjusting Entries
Comprehensive Problem Special Journals Part 6 Financial Statements
Comprehensive Problem Special Journals Part 7 Closing Process

## Reviews

Ivana
September 22, 2018
An excellent course! Very clear and easy-to-understand and follow explanations. The course is very practical and down-to-earth. The instructor is very responsive and always willing to help with detailed extra explanations. I've bought quite a number of Bob's courses so far and now I feel quite comfortable about keeping accounting records for US business clients, which was my goal from the very beginning. Highly recommendable for anyone who wants to master accounting skills and become an expert in this field!

## Coupons

DateDiscountStatus
4/1/2020100% OFF
expired
4/28/2020100% OFF
expired
5/23/2020100% OFF
expired
7/18/2020100% OFF
expired
7/31/2020100% OFF
expired
8/31/2020100% OFF
expired
11/20/2020100% OFF
expired
12/27/2020100% OFF
expired
1/20/2021100% OFF
expired
1/29/2021100% OFF
expired
3/1/2021100% OFF
expired
4/29/2021100% OFF
expired
1/31/2022100% OFF
expired
2/9/2022100% OFF
expired
2/17/2022100% OFF
expired
2/26/2022100% OFF
expired
3/14/2022100% OFF
expired
3/26/2022100% OFF
expired
4/1/2022100% OFF
expired
4/10/2022100% OFF
expired
5/7/2022100% OFF
expired
5/14/2022100% OFF
expired
5/23/2022100% OFF
expired
6/8/2022100% OFF
expired
6/16/2022100% OFF
expired
7/10/2022100% OFF
expired
7/16/2022100% OFF
expired
7/28/2022100% OFF
expired
8/6/2022100% OFF
expired
8/14/2022100% OFF
expired
8/19/2022100% OFF
expired
9/7/2022100% OFF
expired
9/11/2022100% OFF
expired
9/19/2022100% OFF
expired
10/6/2022100% OFF
expired
10/13/2022100% OFF
expired
10/20/2022100% OFF
expired
11/7/2022100% OFF
expired
11/14/2022100% OFF
expired
11/21/2022100% OFF
expired
12/6/2022100% OFF
expired
12/16/2022100% OFF
expired
12/26/2022100% OFF
expired
1/18/2023100% OFF
expired
1/27/2023100% OFF
expired
2/11/2023100% OFF
expired
2/27/2023100% OFF
expired
3/8/2023100% OFF
expired
4/3/2023100% OFF
expired
4/18/2023100% OFF
expired

Shopify

3 months for 3 €
Shopify

## Sell online with Shopify

3 months for 3 €
1647556
udemy ID
4/15/2018
course created date
7/10/2019
course indexed date
Bot
course submited by