ch07 - Chapter 7-1 C H A P T E R C H A P T E R 7 7 CASH AND...

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Unformatted text preview: Chapter 7-1 C H A P T E R C H A P T E R 7 7 CASH AND RECEIVABLES CASH AND RECEIVABLES Intermediate Accounting 13th Edition Kieso, Weygandt, and Warfield Chapter 7-2 1. 1. Identify items considered cash. Identify items considered cash. 2. 2. Indicate how to report cash and related items. Indicate how to report cash and related items. 3. 3. Define receivables and identify the different types of receivables. Define receivables and identify the different types of receivables. 4. 4. Explain accounting issues related to recognition of accounts receivable. Explain accounting issues related to recognition of accounts receivable. 5. 5. Explain accounting issues related to valuation of accounts receivable. Explain accounting issues related to valuation of accounts receivable. 6. 6. Explain accounting issues related to recognition of notes receivable. Explain accounting issues related to recognition of notes receivable. 7. 7. Explain accounting issues related to valuation of notes receivable. Explain accounting issues related to valuation of notes receivable. 8. 8. Explain accounting issues related to disposition of accounts and notes receivable. Explain accounting issues related to disposition of accounts and notes receivable. 9. 9. Describe how to report and analyze receivables. Describe how to report and analyze receivables. Learning Objectives Learning Objectives Chapter 7-3 What is cash? What is cash? Reporting cash Reporting cash Summary of cash- Summary of cash- related items related items Cash Cash Receivables Receivables Recognition of accounts Recognition of accounts receivable receivable Valuation of accounts Valuation of accounts receivable receivable Recognition of notes Recognition of notes receivable receivable Valuation of notes Valuation of notes receivable receivable Disposition of accounts Disposition of accounts and notes receivable and notes receivable Presentation and Presentation and analysis analysis Cash and Receivables Cash and Receivables Chapter 7-4 Most liquid asset Standard medium of exchange Basis for measuring and accounting for all items Current asset Examples : coin, currency, available funds on deposit at the bank, money orders, certified checks, cashiers checks, personal checks, bank drafts and savings accounts. What is Cash? What is Cash? LO 1 Identify items considered cash. LO 1 Identify items considered cash. Cash Chapter 7-5 Short-term, highly liquid investments that are both Reporting Cash Reporting Cash LO 2 Indicate how to report cash and related items. LO 2 Indicate how to report cash and related items. Cash Equivalents (a) readily convertible to cash, and (b) so near their maturity that they present insignificant risk of changes in interest rates....
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ch07 - Chapter 7-1 C H A P T E R C H A P T E R 7 7 CASH AND...

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