We will focus on receivables, specializing in accounts receivable and notes receivable, reviewing the accounts receivable cycle, the journal entries for recording accounts receivable, and associated subsidiary ledgers.
We will focus on unhealthy debt and valuing of accounts receivable utilizing two strategies, the allowance methodology and the direct write off methodology. The accounts receivable account represents cash owed to the corporate however there shall be occasions when the corporate can not acquire on the account receivables.
Under the direct write off methodology, we write off the accounts receivable as we decide they don’t seem to be collectible. The direct write off methodology doesn’t do a great job of representing the accounts receivable account’s true worth and doesn’t do a great job of conforming to the matching precept, matching up bills with the associated income it was used to generate.
The allowance methodology does a greater job of valuing accounts receivable and conforming to the matching precept and is the tactic most popular. The allowance methodology is extra advanced, nevertheless, and requires the usage of estimates.
We may even focus on notes receivable, the journal entry for recording notes receivable, and for receiving cost on a word receivable. We will cowl detailed strategies for calculating easy curiosity.
In addition to tutorial video, this course will embrace downloadable
• Downloadable PDF Files
• Excel Practice Files
• Multiple Choice Practice Questions
• Short Calculation Practice Questions
• Discussion Questions
The PDF information permit us to obtain reference data we will use offline and as a information to assist us work by means of the fabric.
Excel apply information shall be preformatted in order that we will deal with the adjusting course of and studying among the fundamentals of Excel, like addition, subtraction, and cell relationships.
Multiple selection instance query helps us enhance our test-taking expertise by lowering the data into the dimensions and format of a number of selection questions and discussing the way to method these questions.
Short calculation questions assist us scale back issues which have some calculation right down to a brief format that may very well be utilized in a number of selection questions.
Discussion Question will present a possibility to debate these subjects with the teacher and different college students, a course of many college students discover very useful as a result of it permits us to see the subject from totally different viewpoints.
Who will we be studying from?
You shall be studying from any person who has technical expertise in accounting ideas and in accounting software program like QuickBooks, in addition to expertise educating and placing collectively curriculum.
You shall be studying from any person who’s a:
• CPA – Certified Public Accountant
• CGMA – Chartered Global Management Accountant
• Master of Science in Taxation
• CPS – Certifies Post-Secondary Instructor
• Curriculum Development Export
As a practising CPA the teacher has labored with many technical accounting points and helped work by means of them and focus on them with purchasers of all ranges.
As a CPS and professor, the teacher has taught many accounting lessons and labored with many college students within the fields of accounting, enterprise, and enterprise functions.
The teacher additionally has a whole lot of expertise designing programs and studying how college students be taught finest and the way to assist college students obtain their targets. Experience designing technical programs has additionally profit in with the ability to design a course in a logical vogue and take care of issues associated to technical subjects and the usage of software program like QuickBooks Pro.
Account receivable and word receivable traits
Accounts receivable cycle
Accounts receivable subsidiary ledger
Accounts receivable valuation
Allowance for uncertain accounts methodology of accounts receivable
Direct write off methodology of accounts receivable
How to estimate unhealthy debt expense below the allowance methodology