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Accounting Fundamentals

Accounting Fundamentals Dr. Yan Xiong Department of Accountancy CSU Sacramento The lecture notes are primarily based on Reimers (2003). 7/11/03 Chapter 7: Sales and Collection Cycle Agenda Control Procedures for Cash Bank Reconciliations Accounts Receivables and Bad Debts

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972 views • 47 slides

Accounting Fundamentals

Accounting Fundamentals. Dr. Yan Xiong Department of Accountancy CSU Sacramento The lecture notes are primarily based on Reimers (2003). 7/11/03. Chapter 7: Sales and Collection Cycle. Agenda Control Procedures for Cash Bank Reconciliations Accounts Receivables and Bad Debts

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680 views • 47 slides

Chapter 7

Chapter 7 Sales and Collection Cycle Business Process Making a sale and accounting for sale - related Decisions - what to sell, how, much to sell for Ie. Sales discount Accounts Receivable Largest current asset Managing size and conversion to cash Credit policies Collection efforts

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1.1k views • 26 slides

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True cash balance - PowerPoint PPT Presentation

Accounting Fundamentals

Accounting Fundamentals

Chapter 7