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Lecture16 - Lecture 16 REVIEW EXAM II REVIEW EXAM II...

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Lecture 16 REVIEW – EXAM II
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REVIEW – EXAM II Statement of Cash Flows (background) Accounts Receivable Inventory Long lived Assets
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Statement of Cash Flows What is the SCF? 3 categories Operating Investing Financing SCF articulates with the balance sheet
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Statement of Cash Flows Examples of questions we can ask: Cash collected from customers Cash paid to suppliers Etc Key to note the difference between change in working capital amounts on the balance sheet and the change reported in the SCF.
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Accounts Receivable Direct write-off method Allowance method Percentage of sales method Ageing of accounts Know the disclosure of accounts receivable information Sales discounts, returns and allowances
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Accounts Receivable Examples of questions we can ask: How would income be different if a different method was used to calculate bad debt expense?
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