Financial Accounting: An Integrated Statements Approach, 2nd Edition

Receivables

CHAPTER OUTLINE LEARNING GOALS IN-TEXT EXERCISES AND PROBLEMS

Classification of Receivables

• Accounts Receivable


• Notes Receivable


• Other Receivables

Learning Goal 1: Describe the

common classifications of receivables.

Exercises

8-1

Uncollectible Receivables Learning Goal 2:Describe the nature

of and the accounting for uncollectible

receivables.

Exercises

8-2

Direct Write-Off Method for

Uncollectible Accounts

Learning Goal 3: Describe the direct

write-off method of accounting for

uncollectible receivables.

Exercises

8-10, 8-12, 8-13, 8-14

Accounting Application Problems

8-3A (spreadsheet), 8-3B (spreadsheet)

Allowance Method for Uncollectible

Accounts

• Write-offs to the Allowance
  Account


• Estimating Uncollectibles

Learning Goal 4: Describe the

allowance method of accounting for

uncollectible receivables.

Exercises

8-3, 8-4 (spreadsheet), 8-5

(spreadsheet), 8-6, 8-7 (spreadsheet),

8-8, 8-9, 8-10, 8-11, 8-13, 8-14,

8-24

Accounting Application Problems

8-1A, 8-2A (spreadsheet), 8-3A

(spreadsheet), 8-1B, 8-2B

(spreadsheet), 8-3B (spreadsheet)

Comparing Direct Write-Off

and Allowance Methods

Learning Goal 5:Compare the direct

write-off and allowance methods of

accounting for uncollectible accounts.

Exercises

8-15, 8-16, 8-17, 8-18

Notes Receivable

• Characteristics of Notes Receivable


• Accounting for Notes Receivable

Learning Goal 6: Describe the nature,

characteristics, and accounting for

notes receivable.

Exercises

8-19, 8-20, 8-21, 8-22, 8-23, 8-24

Accounting Application Problems

8-4A, 8-5A, 8-6A, 8-4B, 8-5B, 8-6B

Reporting Receivables

on the Balance Sheet

Learning Goal 7:Describe the

reporting of receivables on the

balance sheet.

Exercises

8-25 (spreadsheet)

Managing Accounts Receivable

• Screening Customers


• Determining Credit Terms


• Monitoring Collections

Learning Goal 8:Describe the

principles of managing accounts

receivable.

Accounts Receivable Turnover

and Days’ Sales in Receivables

Learning Goal 9:Compute and

interpret the accounts receivable

turnover and the number of days’

sales in receivables.

Exercises

8-26, 8-27, 8-28, 8-29, 8-30, 8-31

8 chapter