Intermediate Accounting
Learning Objectives
Preview of Chapter 7 Cash and Receivables
Preview of Chapter 7 Valuation of Accounts Receivable
Preview of Chapter 7 Other Issues
Slide 6
Cash
Cash Reporting Cash
Reporting Cash Restricted Cash
Reporting Cash Bank Overdrafts
Slide 11
Slide 12
Slide 13
Receivables
Nontrade Receivables
Nontrade Receivables Receivables Balance Sheet Presentations
Recognition of Accounts Receivables
Recognition of Accounts Receivables Illustration
Slide 19
Receivables Measurement of the Transaction Price
Variable Consideration Trade Discounts
Variable Consideration Cash Discounts (Sales Discounts)
Cash Discounts (Sales Discounts)
Cash Discounts (Sales Discounts) Gross Method
Cash Discounts (Sales Discounts) Net Method
Slide 26
Variable Consideration Sales Returns and Allowances
Sales Returns and Allowances Illustration
Sales Returns and Allowances Illustration (continued)
Variable Consideration Time Value of Money
Time Value of Money
Slide 32
Accounts Receivable
Accounts Receivable ABC Corporation Balance Sheet (partial)
Accounts Receivable Alternate Presentation
Accounts Receivable Journal entry for credit sale of $100
Accounts Receivable Collect $333 on account
Accounts Receivable Adjustment of $15 for estimated bad debts
Accounts Receivable Write-off of uncollectible accounts of $10
Slide 40
Valuation of Accounts Receivable (1 of 6)
Slide 42
Slide 43
Slide 44
Slide 45
Slide 46
Slide 47
Recording the Write-Off of an Uncollectible Account
Slide 49
Allowance Method for Uncollectibles Estimating the Allowance
Estimating the Allowance
Estimating the Allowance
Estimating the Allowance
Estimating the Allowance Illustration
Estimating the Allowance Illustration
Estimating the Allowance Illustration
Slide 57
Notes Receivable Supported by a formal promissory note
Notes Receivable Generally originate from:
Recognition of Notes Receivable
Note Issued at Face Value
Note Issued at Face Value Present Value of Interest
Note Issued at Face Value Present Value of Principal
Note Issued at Face Value Summary
Zero-Interest-Bearing Note
Zero-Interest-Bearing Note Present Value of Principal
Zero-Interest-Bearing Note Amortization Schedule
Zero-Interest-Bearing Note Journal Entry
Zero-Interest-Bearing Note Journal Entry
Interest-Bearing Note
Interest-Bearing Note Present Value of Interest
Interest-Bearing Note Present Value of Principal
Interest-Bearing Note Computation of Present Value
Interest-Bearing Note Discount Amortization Schedule
Interest-Bearing Note Journal Entry
Slide 76
Notes Received for Property, Goods, or Services
Valuation of Notes Receivable
Slide 79
Fair Value Option
Fair Value Option
Recording Fair Value Option
Disposition of Accounts and Notes Receivable
Sales of Receivables
Sales of Receivables Sale Without Recourse
Slide 86
Sales of Receivables Net Proceeds Computation
Sales of Receivables Loss on Sale Computation
Slide 89
Secured Borrowing
Secured Borrowing Entries for Transfer of Receivables
Secured Borrowing - Illustration
Secured Borrowing - Illustration
Secured Borrowing - Illustration
Secured Borrowing - Illustration
Secured Borrowing versus Sale
Presentation and Analysis Presentation of Receivables
Presentation and Analysis of Receivables
Accounts Receivable Turnover Illustration
Slide 100
Appendix 7A: Cash Controls
Appendix 7A: Cash Controls Using Bank Accounts
Appendix 7A: Cash Controls The Imprest Petty Cash System
Appendix 7A: Cash Controls The Imprest Petty Cash System
Appendix 7A: Cash Controls The Imprest Petty Cash System
Appendix 7A: Cash Controls Physical Protection of Cash Balances
Appendix 7A: Cash Controls Reconciliation of Bank Balances
Reconciliation of Bank Balances Bank Reconciliation Form
Reconciliation of Bank Balances
Reconciliation of Bank Balances Continued
Bank Reconciliation
Reconciliation of Bank Balances Journal Entries
Appendix 7A: Cash Controls Review Question
Appendix 7A: Cash Controls Review Question
Slide 115
Slide 116
Measurement of Collectibility Illustration
Measurement of Collectibility Analysis of Loan
Measurement of Collectibility Computation of Impairment Loss
Slide 120
Slide 121
IFRS Insights Relevant Facts – Similarities
IFRS Insights Relevant Facts – Differences
I F R S Insights Relevant Facts – Differences
I F R S Insights Relevant Facts – Differences
I F R S Insights On The Horizons
Copyright