17_Accounts_Rec_%26_Doubtful_Accounts - Implicit interest...

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Click to edit Master subtitle style Accounts Receivable &  Uncollectible Accounts Accountancy 301 Measurement & Disclosure 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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Recognition & measurement 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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  • Spring '10
  • YueLi
  • Uncollectible Accounts, FedEx Corp, Master subtitle style, Professor Clifton Brown, Estimation issues, measurement attribute NRV

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