tailieunhanh - Lecture Accounting principles (11E): Chapter 9 - Coby Harmon

After completing this chapter you should be able to: Identify the different types of receivables, explain how companies recognize accounts receivable, distinguish between the methods and bases companies use to value accounts receivable,.and other contents. | Prepared by Coby Harmon University of California, Santa Barbara Westmont College 9-1 9 Accounting for Receivables Learning Objectives After studying this chapter, you should be able to: [1] Identify the different types of receivables. [2] Explain how companies recognize accounts receivable. [3] Distinguish between the methods and bases companies use to value accounts receivable. [4] Describe the entries to record the disposition of accounts receivable. [5] Compute the maturity date of and interest on notes receivable. [6] Explain how companies recognize notes receivable. [7] Describe how companies value notes receivable. [8] Describe the entries to record the disposition of notes receivable. [9] Explain the statement presentation and analysis of receivables. 9-2 Preview of Chapter 9 Accounting Principles Eleventh Edition Weygandt Kimmel Kieso 9-3 Types of Receivables Amounts due from individuals and other companies that are expected to be collected in cash. Amounts owed by customers that result from the sale of goods and services. Claims for which formal instruments of credit are issued as proof of debt. “Nontrade” (interest, loans to officers, advances to employees, and income taxes refundable). Accounts Receivable Notes Receivable Other Receivables 9-4 LO 1 Identify the different types of receivables. Types of Receivables Amounts due from individuals and other companies that are expected to be collected in cash. Illustration 9-1 9-5 LO 1 Identify the different types of .