Accounts Receivables

Your company's accounts payable clerk is asked to fill in for your accounts receivable clerk. Many things look unfamiliar to her, and she needs some explanations. You start by saying, "Accounts receivable is claims from monies due to the company." Continue your explanation with the following:

Explain
the classification of receivables.
how companies handle uncollectible accounts.
revenue recognition when the right of return exists.
Visit the SEC's Web site (www.sec.gov), and then do the following:
Review a sample of financial statements submitted by an SEC registrant.
Include the URL in your post.
After reviewing the notes to the financial statements, list the types of information you found about the following:
The type of accounts receivable the registrant had
The classification
How discounts are handled (if given)
How the company treats uncollectible accounts
In your own words, please post a response to the Discussion Board and comment on at least 1 other posting. You will be graded on the quality of your postings.

The following grading criteria will apply to this assignment:

Grading Criteria

Explain the classification of receivables.

15%

Explain how companies handle uncollectible accounts.

15%

Explain revenue recognition when the right of return exists.

15%

Include the URL for a sample of financial statements submitted by an SEC registrant..

10%

List the types of information you found about the following:

The type of accounts receivable the registrant had
The classification
How discounts are handled (if given)
How the company treats uncollectible accounts
15%

Comment on at least one other posting.

15%

Good format, grammar and APA.

15%

TOTAL

100%

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 5