(BQ) Part 2 book "Financial accounting" has contents: Reporting and analyzing receivables; reporting and analyzing liabilities; reporting and analyzing long lived assets, reporting and analyzing long lived assets, statement of cash flows. | 8 Reporting and Analyzing Receivables C HAPT ER PREVIEW In this chapter, we discuss some of the decisions related to reporting and analyzing receivables. As indicated in the Feature Story, receivables are a significant asset on the books of Nike. Receivables are important to companies in other industries as well because a large portion of sales in the United States are credit sales. As a consequence, companies must pay close attention to their receivables balances and manage them carefully. In this chapter, we will look at the accounting and management of receivables at Nike and one of its competitors, Skechers USA. CHAPTER OUTLINE LEARNING OBJECTIVES PRACTICE DO IT! ▼ 3 4 Describe the statement presentation of receivables and the principles of receivables management. ▼ 3 3 Explain how companies recognize, value, and dispose of notes receivable. • Valuing accounts receivable • Disposing of accounts receivable • Determining the maturity date • Computing interest • Recognizing notes receivable • Valuing notes receivable • Disposing of notes receivable ▼ 2 Describe how companies value accounts receivable and record their disposition. • Types of receivables • Recognizing accounts receivable • Financial statement presentation of receivables • Managing receivables • Evaluating liquidity of receivables • Accelerating cash receipts ▼ 1 Explain how companies recognize accounts receivable. 1 Recognizing Accounts Receivable DO IT! 2 2a Bad Debt Expense 2b Factoring DO IT! 3 Notes Receivable DO IT! 4 Analysis of Receivables Go to the REVIEW AND PRACTICE section at the end the chapter for targeted summary and exercise with solutions. Go to the REVIEW AND PRACTICE section at the end of the chapter for a targeted summary and exercises with solutions. REVI VIEW RACTICE ecti CTIC C tion hapt p argeted summary gete mmar exercises ith luti ises tions. Visit sit i Visit fo additional utorials d for addition l tutorials and practice opportuniti for .
