;Identifyitemsconsideredascash.
Indicatehowtoreportcashandrelateditems.
Definereceivablesandidentifythedifferenttypesofreceivables.
Explainaccountingissuesrelatedtorecognitionofaccountsreceivable.
Explainaccountingissuesrelatedtovaluationofaccountsreceivable.
Explainaccountingissuesrelatedtorecognitionofnotesreceivable.
Explainaccountingissuesrelatedtovaluationofnotesreceivable.
Explainaccountingissuesrelatedtodispositionofaccountsandnotesreceivable.
Describehowtoreportandanalyzereceivables.;Cashistheresourceonhandtomeetplannedexpendituresandemergencysituations.;;Cashequivalentsareshort-term,highlyliquidinvestmentsthatarereadilyconvertibleintoknownamountsofcashandneartheirmaturity(90days)whenpurchased.
Treasurybills
Commercialpaper
Moneymarketfunds;;;;;;;;;;;;;;;;;;;;;Thosereceivablesexpectedtobecollectedorsatisfiedwithinoneyearorthecurrentoperatingcycle,whicheverislonger,areclassifiedascurrentassets;theremainderareclassifiedasnoncurrent.;RevenueRecognitionandValuation;;;;;;;;;;;;;;;;;;Thecatalogpriceminusthetradediscountequalstheinvoiceprice;;;;;;;;;Relationshiptosales(incomestatementapproach):
CreditSalesMethod
Relationshiptoaccountsreceivable(balancesheetapproach):
AccountsReceivableMethod
--Percentageofoutstandingaccountsreceivable
--Agingofaccountsreceivable
;;;;;Relationshiptosales(incomestatementapproach):
CreditSalesMethod
Relationshiptoaccountsreceivable(balancesheetapproach):
AccountsReceivableMethod
--Percentageofoutstandingaccountsreceivable
--Agingofaccountsreceivable
;;;;;;;;;;;Pledging
Assigning
Factoring;RetainRisksandBenefitsofOwnership;FinancingwithAccountsReceivable;Whenacompanypledgesitsaccountsreceivable,itisusingtheseaccountsascollateralforaloan,andtheservicingactivitiesremainitsresponsibility.
;Whena