HomeFree CourseReceivables & The Allowance vs The Direct Write Off Methods Free Course...

Receivables & The Allowance vs The Direct Write Off Methods Free Course Coupon

What you’ll learn

  • Define accounts receivable and notes receivable, their nature as assets, and representing money owed for goods or services provided on credit.
  • Explain accounts receivable cycle, including recording, monitoring, and collecting accounts receivable, and importance of subsidiary ledgers.
  • Analyze valuation methods for accounts receivable: allowance method and direct write-off method, considering financial statements and matching principle.
  • Apply allowance method to estimate bad debt expense based on historical data, industry norms, and economic conditions.
  • Compare allowance method and direct write-off method, considering advantages, limitations, and financial reporting implications.
  • Describe components of a note receivable and record related journal entries.
  • Calculate simple interest on notes receivable using appropriate formulas.
  • Interpret financial impact of accounts receivable and notes receivable on balance sheet and income statement.
  • Analyze control measures for effective management of accounts receivable, including credit policies and collection strategies.
  • Evaluate implications of accounts receivable and notes receivable on financial analysis and decision-making processes.

This course includes:

  • 14 hours on-demand video
  • Assignments
  • 23 downloadable resources
  • Access on mobile and TV
  • Full lifetime access
  • Certificate of completion

Description

Welcome to our comprehensive course on Accounts Receivable and Notes Receivable in accounting. In this course, we will explore the fundamental concepts and practical applications of managing receivables, including accounts receivable and notes receivable.

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We will begin by examining the characteristics of accounts receivable and notes receivable, understanding their role in financial transactions. The accounts receivable cycle will be thoroughly covered, including the journal entries for recording accounts receivable and the use of subsidiary ledgers to track individual customer balances.

A major focus of the course will be on the valuation of accounts receivable. We will delve into two commonly used methods: the allowance method and the direct write-off method. You will gain a comprehensive understanding of these methods and learn how they impact financial statements. We will explore the estimation of bad debt expense under the allowance method, emphasizing the importance of accurate valuation.

In addition, we will discuss the significance of bank reconciliations and internal controls specific to cash, enhancing your knowledge of cash management. We will cover the setup and recording of a petty cash account, ensuring you have a solid grasp of this important aspect of cash control.

The course will also address notes receivable, including their components and the journal entries involved in recording and receiving payment on a note. You will learn how to calculate simple interest, a crucial skill in analyzing and managing note receivable transactions.

To facilitate your learning experience, this course offers a wide range of resources. You will have access to downloadable PDF files for offline reference, Excel practice files to reinforce your skills, multiple-choice and short calculation practice questions to assess your understanding, and engaging discussion questions to foster interactive learning with fellow students.

Rest assured that you will be learning from a highly qualified instructor with extensive experience in accounting and teaching. With certifications such as CPA and CGMA, as well as a Master of Science in Taxation, the instructor possesses the expertise and practical insights necessary to guide you through the complexities of accounts receivable and notes receivable.

Enroll now to gain a comprehensive understanding of receivables, develop valuable skills, and advance your career in accounting.

Who this course is for:

  • Aspiring Accountants: Individuals who are pursuing a career in accounting or finance and want to develop a strong understanding of accounting concepts and techniques.
  • Business Owners and Managers: Entrepreneurs, small business owners, and managers who want to enhance their financial literacy and gain insights into managing and interpreting financial information.
  • Students and Professionals in Related Fields: Students studying business, finance, economics, or any other field that requires a basic understanding of accounting principles. Professionals in non-accounting roles who need to interact with financial statements and make informed decisions based on financial data.
  • Bookkeepers and Accounting Assistants: Individuals currently working or aspiring to work in bookkeeping or accounting assistant roles, seeking to improve their knowledge and skills in recording and maintaining financial transactions.
  • Anyone Interested in Accounting: Individuals with a general interest in accounting, personal finance, or understanding how businesses manage their finances. No prior accounting experience is required.

How to Get this course FREE?

Get a 100% Discount On Udemy courses by clicking on the Apply Here Button. This Course coupon code is automatically added to the Apply Here Button.

Apply this Coupon:  D074C06BBD4E0BC4ABDC  is applied  (For 100% Discount)

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Note: The udemy Courses Will be free for a Maximum of 1000 Learners can use the promo code AND Get this course for 100% Free. After that, you will get this course at a discounted price.

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Pratiek Nagda
Pratiek Nagdahttp://careerboostzone.com
My name is Pratiek Nagada and I am a resident of the small town of Nallasopara in Maharashtra. I come from a very poor family and I live with my mom. My father was dead when I was in 4th grade. Due to that financial issue, I was forced to go to a hostel from the 5th to the 10th. I know the basics of blogging and all because in my final year of school, after that, when I came home, I had a great fight with my mom because she wanted to take me science and I wanted to take science. Finally, I convinced my mom. I have done engineering at St. John College of Engineering and Management, which is in Palghar. I still love my college very much. Even today, I keep sharing the experiences of my college with my readers. Today I am the owner of the CareerBoostZone English blogging site and through my blog, I have prepared a better employment platform for Readers I feel happy that I tried to empower readers by helping in employment and the development of the country. And my efforts are continuing towards success.
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