Principles of Accounting I-20211223221358.pdf - Course...

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Module 6Accounting for Bad DebtsWelcome toModule 6 of A02 - Principles of Accounting I.In Module Six, we will focus on bad debts. Of course, this is an area that no one in theorganization wants to consider because these debts are ones that will not ever be collectedand will result in a loss for the organization. Bad debts, for most organizations, include theaccounts receivables for goods or services that the organization has not been able tocollect. There could be various reasons why a customer becomes a bad debt, but theorganization needs to be prepared for a certain percentage of the accounts receivablesbecoming bad debts. The percentage will depend on the industry and how unstable theindustry may be. On average 10% to 20% of the total accounts receivables amount shouldbe put aside for the potential bad debts. This will help the organization to plan for the actualamount of money that they are likely to collect.Below are the module assignments and activities:TaskAssignment/ActivityRecommendedCompletionScheduleReadRead the following early in the module to help you complete yourassignments:Chapter 9in your textCourse Name:Principles of Accounting IPage:1 of 22
ViewOnline Lecture:View the online lecture(s) on this week’s topicsavailable on the Lecture course page.Video:Ingram, K. (2013, Oct. 27). Introduction to baddebt expense. [Video File]. Retrievedfrom Introduction to Bad Debt Expense(https://youtu.be/RUV3UKOjOB0)SupplementalReadingArticles:Pinto, I., & Manuel, C. P. (2015). Fair valueaccounting choice. Journal of European RealEstate Research, 8(2), 130-152. Retrievedfrom m.oclc.org/docview/2125299932/19F25C462C4045B2PQ/1?accountid=45844Sigidov, Y. I., Korovina, M. A., Trubilin, A.I., Govdya, V. V., & Vasilieva, N. K. (2016).Creation of provision for doubtfuldebts. International Journal of Economics andFinancial Issues, 6(4) Retrieved fromhworth.idm.oclc.org/login?url=oquest-com.ashworth.idm.oclc.org/docview/1836597578?accountid=45844SubmitModule 6 Written Assignment:Once you have completed yourreadings and online lectures, complete and submit your writtenassignment.SundayAt the conclusion of this module, you should be able to:Course Name:Principles of Accounting IPage:2 of 22

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Term
Fall
Professor
N/A
Tags
Balance Sheet, Doub ul Accounts

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