会计学英语电子版课件08.ppt

Chapter 8Reporting and Analyzing Receivables After studying Chapter 8, you should be able to: Identify the different types of receivables. Explain how accounts receivable are recognized in the accounts. Describe the methods used to account for bad debts. Compute the interest on notes receivable. Describe the entries to record the disposition of notes receivable. Chapter 8Reporting and Analyzing Receivables Explain the statement presentation of receivables. Describe the principles of sound accounts receivable management. Identify ratios to analyze a companys receivables. Describe methods to accelerate the receipt of cash from receivables. Amounts due from individuals and other companies-expected to be collected in cash Three major classes of receivables Accounts Receivable - amounts owed by customers on account, expected to be collected within 30-60 days Notes Receivable - claims for which formal instruments of credit are issued Other Receivables - non-trade receivables, for example, interest receivable and advances to employees Receivables Differ Depending On... Industry Time of year Whether the company extends long-term financing Credit policies Accounts Receivable... Amounts owed by customers on account. Result from the sale of goods/services. Expected to be collected within 30-60 days. Most significant type of claim held by company. Often called trade receivables. Two accounting issues associated with accounts receivable: Recognizing accounts receivable. Valuing accounts receivable. Review Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable. Review Accounts receivable include Interest receivable. Advances to employees. Amounts customers owe from purchasing goods and/or services. Income taxes receivable. Receivables are valued at the net amount expected to be received in cash Excludes amounts that the company estimates it will not be able to collec