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ID:57672424
大小:47.00 KB
页数:10页
时间:2020-08-31
《会计英语新第十单元课件.ppt》由会员上传分享,免费在线阅读,更多相关内容在教育资源-天天文库。
1、UnitTenAccountsReceivableLearningObjectives:1whatisthe“allowancefordoubtfulaccounts”?2howtoestimateuncollectibleaccountsexpense?3howtomakeaccountingentries4describetheinternalcontrolforaccountsreceivablebriefly.“allowancefordoubtfulaccounts”usedasacon
2、tra-assetaccountoravaluationaccount,ithasacreditbalance,whichisoffsetagainsttheassetaccountreceivabletoproducetheproperbalancesheetvalueforthisasset.1“balancesheetapproach”Question:“Howlargeavaluationallowanceisneededtoreduceourreceivablestorealizable
3、value?”“agingtheaccountsreceivable”,thelongerpastdueonaccountreceivablebecomes,thegreatthelikelihoodthatitwillnotbecollectedinfull.uncollectibleaccounts=percentageofprobableexpense×amountapplyto:annualstatements(reliable)2“incomestatementapproach”Ques
4、tion:“Howmuchuncollectibleaccountsexpenseisassociatedwiththisyear’svolumeofsales?”“estimatinguncollectibleaccountsasapercentageofnetsales”uncollectibleaccounts=netsales×percentageapplyto:monthlystatements;internalreports三makeaccountingentries:1estimat
5、ed:Dr.BadDebtsExpenseCr.AllowanceforDoubtfulaccounts2writeoff:Dr.AllowanceforDoubtfulaccountsCr.AccountsReceivable3recovery:Dr.AccountsReceivableCr.AllowanceforDoubtfulaccountsDr.CashCr.AccountsReceivable四internalcontrolPrinciple-------propersegregati
6、onofduties.(employees)1maintainaccountsreceivable-----accesstocashreceipts2handlecashreceipts-----recordsofreceivables3recordsofreceivables-----issuecreditmemosorwriteoffreceivables4importantdocuments:seriallynumbered
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