PDU for the PMP® (55 Courses)
Strat. & Busn. Mngt
Project Integration Mngt
Project Management: Past and Present Project Management Overview Framework for Project Management Why should decision makers trust financial statements? Project Management Simplified Trading and Technology: An Information Systems Course Application The History of Management
Scope Management
No Courses found.
Schedule Management
No Courses found.
Cost Management
Analysis of Equity Investments Analysis of Current and Contingent Liabilities Analysis of Noncurrent Bonds Analysis of Other Noncurrent Liabilities Liquidity, Trading, and Price Determination in Equity Markets Liquidity and the Impact of Information Shocks: A Macroeconomics Course Application Introduction to Finance Economic Foundations: Money and Rates Accrual Accounting Process
Quality Management
Quality Planning Economics and the Equity Market
Resources Management
No Courses found.
Procurement Management
Procurement Management
Communications Management
What Should Decision Makers Know?
Stakeholder Management
Understanding and Meeting Client Expectations
Risk Management
No Courses found.
Technical
Project Integration Mngt
Project Initiation Corporate Governance Regulation for UAE Banks Corporate Governance Standards for UAE Banks Why is Financial Accounting Important? Starting a Project Corporate Structure and Governance
Scope Management
Scope Planning
Schedule Management
Project Schedule Planning Project Time Management
Cost Management
Budget Planning Required information to prepare financial statements Why must financial information be adjusted? What information is conveyed about receivables? Inventory Cost Flow Assumption Estimating and Managing Costs Analysis of Property and Equipment Analysis of Intangible Assets Analysis of Shareholders' Equity
Quality Management
Managing Project Quality
Resources Management
How does a company gather information about its inventory?
Procurement Management
Project Procurement and Closure
Communications Management
In what form is financial information actually delivered to decision makers?
Stakeholder Management
No Courses found.
Risk Management
Risk Management Planning Managing Project Risk
Leadership
Project Integration Mngt
No Courses found.
Scope Management
Project Profiling
Schedule Management
No Courses found.
Cost Management
No Courses found.
Quality Management
No Courses found.
Resources Management
Resource Planning Working with people on projects
Procurement Management
No Courses found.
Communications Management
Communication Planning Communication Foundation Communication: The Research Process Communication: Planning Messages
Stakeholder Management
Stakeholder Management Roles and Characteristics of Manager's Job Managerial Decision-Making
Risk Management
No Courses found.
VIEW ALL
PACKAGES
LOGIN REGISTER 0
ABOUT US NEWS & EVENTS FAQ CONTACT US
0
Cost Management
Home PDU for the PMP® (55 Courses) / Technical

What information is conveyed about receivables?

USD 15.00
instructor
Instructor
Alan Fata
Category
Technical
Difficulty
Easy
START COURSE
Course Highlight Curriculum Course Content Take The Test
Learning Objectives:
  1. Understand that accounts receivable are reported at net realizable value.
  2. Know that net realizable value is an estimation of the amount of cash to be collected from a particular asset.
  3. Appreciate the challenge that uncertainty poses in the reporting of accounts receivable.
  4. List the factors to be considered by company officials when estimating the net realizable value of accounts receivable.
  5. Understand the reason for reporting a separate allowance account in connection with accounts receivable.
  6. Know that bad debt expenses must be anticipated and recorded in the same period as the related sales revenue to conform to the matching principle.
  7. Prepare the adjusting entry necessary to reduce accounts receivable to net realizable value and recognize the resulting bad debt expense.
  8. Record the impact of discovering that a specific receivable is uncollectible.
  9. Understand the reason that an expense is not recognized when a receivable is deemed to be uncollectible.
  10. Record the collection of a receivable that has previously been written off as uncollectible.
  11. Recognize that estimated figures often prove to be erroneous but changes in previous year figures are not made if a reasonable estimate was made.
  12. Estimate and record bad debts when the percentage of sales method is applied.
  13. Estimate and record bad debts when the percentage of receivables method is applied.
  14. Explain the reason that bad debt expense and the allowance for doubtful accounts will normally report different figures.
  15. Understand the purpose and maintenance of a subsidiary ledger.
  16. Recognize that transactions denominated in a foreign currency are now quite common.
  17. Understand the necessity of remeasuring foreign currency balances into a company’s functional currency prior to the preparation of financial statements.
  18. Appreciate the problem that fluctuations in exchange rates cause when foreign currency balances are reported in a set of financial statements.
  19. Know which foreign currency balances are reported using a historical exchange rate and which balances are reported using the exchange rate in effect on the date of the balance sheet.
  20. Understand that gains and losses are reported on a company’s income statement when certain foreign currency balances are remeasured using new currency exchange rates.
  21. Compute the current ratio, the amount of working capital, and other amounts pertinent to the reporting of accounts receivable.
  22. Describe the meaning of the current ratio.
  23. Describe the meaning of the working capital balance.
  24. Calculate the amount of time that passes before the average accounts receivable is collected and explain the importance of this information.
  25. List techniques that an organization can implement to speed up the collection of accounts receivable.

Other course details:
  1. This is an introductory course that does not require any prerequisite.
  2. This course can be taken on a standalone basis.
  3. This course is chapter 7 in the book titled "Financial Accounting".
  4. It provides 3 PDUs towards your PMP professional development education.
Course Features
Credits:
3 PDU
Skill Section:
Technical
Access:
Lifetime
Test Questions:
20
Purchase Course  
Related Courses
In what form is financial information actually delivered to decision makers?
VIEW COURSE  
Required information to prepare financial statements
VIEW COURSE  
Why should decision makers trust financial statements?
VIEW COURSE  
SITEMAP
Packages About us FAQs Contact us
Account
PDU for the PMP® (55 Courses)
Strat. & Busn. Mngt Technical Leadership
VIEW ALL  
NEWSLETTER
© Copyrights 2024 The Web Addicts
Terms & Conditions Privacy Policy Cookie Policy
This website use Cookies