cha时p007会计学基础.ppt

;How Much Cash Should a Business Have?;How Much Cash Should a Business Have?;How Much Cash Should a Business Have?;The Valuation of Financial Assets;Cash;Combined with cash on balance sheet;Not available for paying current liabilities;Bank agrees in advance to lend money.;The Statement of Cash Flows;Cash Management;Using Excess Cash Balances Efficiently;Internal Control Over Cash;Cash Over and Short;Bank Statements;Reconciling the Bank Statement;Reconciling the Bank Statement;Reconciling the Bank Statement;Reconciling the Bank Statement;Outstanding checks totaled $2,417. A $500 check mailed to the bank for deposit had not reached the bank at the statement date. The bank returned a customer’s NSF check for $225 received as payment of an account receivable. The bank statement showed $30 interest earned on the bank balance for the month of July. Check 781 for supplies cleared the bank for $268 but was erroneously recorded in our books as $240. A $486 deposit by Acme Company was erroneously credited to our account by the bank.;Reconciling the Bank Statement;Reconciling the Bank Statement;Used for minor expenditures.;Short-Term Investments;A Principle of Asset Valuation;Let’s turn our attention to accounts receivable.;Uncollectible Accounts;Reflecting Uncollectible Accounts in the Financial Statements;The Allowance for Doubtful Accounts;Writing Off an Uncollectible Account Receivable;Writing Off an Uncollectible Account Receivable;Writing Off an Uncollectible Account Receivable;Writing Off an Uncollectible Account Receivable;Monthly Estimates of Credit Losses;Estimating Credit Losses — The Balance Sheet Approach;Estimating Credit Losses — The Balance Sheet Approach;Estimating Credit Losses — The Balance Sheet Approach;Estimating Credit Losses — The Balance Sheet Approach;EastCo’s unadjusted balance in the allowance account is $500. Per the previous computation, the desired balance is $1,350.;Let’s look at another way to estimate credit losses!;Estimating Credit Losses —