Recognition of Accounts Receivable

National Accounting Academy (NAM) is an accounting firm that fulfills the many outsourcing needs of small company bookkeeping and accounting functions. You have just been hired as a training coordinator at NAM. Your job is to create training manuals for NAM to help employees brush up their accounting skills.
Format:
Post your assignment to the Discussion Area by Saturday, December 7, 2013 in a 1-2 page memo (12 pt. font) prepared in a Microsoft Word document. Your job is to explain the following items to the new employees in its own respective paragraph. The memo should be single spaced and explain the following from this week- chapters:
Explain how companies recognize, value (discuss different methods used), and dispose of accounts receivable. Explain how companies recognize and value notes receivable and the entries to record the disposition of notes receivable. Describe how the cost principle applies to plant assets and the concept of depreciation. Distinguish between revenue and capital expenditures, and explain the entries for each and explain how to account for the disposal of a plant asset. Explain the basic issues related to accounting for intangible assets and indicate how plant assets, natural resources, and intangible assets are reported.