17_Accounts_Rec_%26_Doubtful_Accounts

17_Accounts_Rec_%26_Doubtful_Accounts - Implicit interest...

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Click to edit Master subtitle style Uncollectible Accounts Accountancy 301 Professor Clifton Brown 17 October 25, 2010
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Economics of trade credit Profit before bad  debts expense Bad debts  expense Net profit
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Asset attributes (element  definition) Probable future  economic benefits Obtained/con- trolled by the entity Result of past  transactions/ events Relevant/reliable measurement attribute NRV Estimation issues
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Unformatted text preview: Implicit interest Credit risk Estimation issues Susceptibility to management manipulation Earnings management? Estimation error Correction of errors? FASB Codification 250 Accounting Changes & Error Corrections IAS 8 Next class – Wednesday, Oct Trade Notes Receivable Readings Revsine Chapter 8 (part) Brown Time Value of Money Case FedEx Corp. Presentations Teams 4 & 5 Write ups Due Saturday PV Tables...
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This note was uploaded on 06/05/2011 for the course ACCT 301 taught by Professor Yueli during the Spring '10 term at University of Illinois, Urbana Champaign.

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17_Accounts_Rec_%26_Doubtful_Accounts - Implicit interest...

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