CHAPTER 8 - CHAPTER 8 Reporting and Analyzing Receivables...

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Unformatted text preview: CHAPTER 8 Reporting and Analyzing Receivables Study Objectives 1. Identify the different types of receivables. 2. Explain how accounts receivable are recognized in the accounts. 3. Describe the methods used to account for bad debts. 4. Compute the interest on notes receivable. 5. Describe the entries to record the disposition of notes receivable. 6. Explain the statement presentation of receivables. 7. Describe the principles of sound accounts receivable management. 8. Identify ratios to analyze a companys receivables. 9. Describe methods to accelerate the receipt of cash from receivables. Summary of Questions by Study Objectives and Blooms Taxonomy Item SO BT Item SO BT Item SO BT Item SO BT Item SO BT Questions 1. 1 C 6. 3 K 11. 4 AP 16. 7 K 21. 9 C 2. 1 K 7. 3 C 12. 5 C 17. 8 C 22. 9 AP 3. 3 C 8. 7 C 13. 6 K 18. 7, 8 C 23. 9 C 4. 3 C 9. 4 C 14. 7 K 19. 8 AP 24. 9 AP 5. 3 AP 10. 4 K 15. 7 C 20. 9 K Brief Exercises 1. 1 C 4. 3 AP 7. 4 AP 9. 8 AP 11. 9 AP 2. 2 AP 5. 3 AP 8. 3, 6, 7, 8 AP 10. 9 AP 3. 3 AP 6. 4 AP Do It! Review Exercises 1. 3 AP 2. 4, 5 AP 3. 8 AP 4. 9 AP Exercises 1. 2 AP 5. 3 AP 8. 4, 5 AP 11. 7, 8 AN 14. 9 C 2. 2 AP 6. 3 AP 9. 6 AP 12. 7, 8, 9 AN 15. 9 AP 3. 2, 3 AP 7. 4, 5 AP 10. 7 K 16. 9 AP 4. 3 AP 13. 9 AN 17. 9 AN Problems: Set A 1. 2, 3 AP 3. 2, 3 AP 6. 1, 2, 4, 5 AP 8. 2, 4, 5, 6, 9 AP 9. 7, 8 AN 2. 2, 3, 8 AP 4. 3 AP 5. 2, 3 AP 7. 8 C Problems: Set B 1. 2, 3 AP 3. 2, 3 AP 6. 1, 2, 4, 5 AP 8. 9. 7, 8 AN 2. 4. 3 AP 2, 3, 8 AP 2, 4, 5, 6, 9 AP 5. 2, 3 AP 7. 8, 9 C ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Journalize transactions related to bad debts. Simple 1520 2A Prepare journal entries related to bad debt expense, and compute ratios. Simple 1520 3A Journalize transactions related to bad debts. Moderate 2030 4A Compute bad debt amounts. Moderate 2025 5A Journalize entries to record transactions related to bad debts. Moderate 2030 6A Journalize various receivables transactions. Moderate 4050 7A Explain the impact of transactions on ratios. Moderate 2030 8A Prepare entries for various credit card and notes receivable transactions. Complex 5060 9A Calculate and interpret various ratios. Moderate 1015 1B Journalize transactions related to bad debts. Simple 1520 2B Prepare journal entries related to bad debt expense, and compute ratios. Simple 1520 3B Journalize transactions related to bad debts. Moderate 2030 4B Compute bad debt amounts. Moderate 2025 5B Journalize entries to record transactions related to bad debts. Moderate 2030 6B Journalize various receivables transactions. Moderate 4050 7B Explain the impact of transactions on ratios; discuss acceleration of receipt of cash from receivables....
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This note was uploaded on 01/18/2011 for the course FINANCE AC acct200 taught by Professor Hamdibilici during the Fall '10 term at CSU Long Beach.

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CHAPTER 8 - CHAPTER 8 Reporting and Analyzing Receivables...

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