Accounting for Receivables and Bad Debt
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Accounting for Receivables and Bad Debt

This course presents the proper accounting for receivables surrounding uncollectible accounts and bad debt.
New
0.0 (0 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
0 students enrolled
Last updated 7/2017
English
Current price: $12 Original price: $75 Discount: 84% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2.5 hours on-demand video
  • 2 Articles
  • 2 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I Learn?
  • Define key terms regarding receivables and bad debts.
  • Discover the sequence of events related to the three primary journal entries related to accounting for bad debts.
  • Recognize the impact of accounting for bad debts on the related accounts.
  • Discover how to calculate values used in the Allowance Method of accounting for bad debts.
  • Discover how to calculate simple interest on notes receivable.
View Curriculum
Requirements
  • No advanced preparation or prerequisites are needed for this course.
Description

This accounts receivable training covers the proper accounting for receivables and related issues surrounding uncollectible accounts/bad debts. A brief discussion of the direct write-off method will explain why the allowance method is the better approach. The subtle differences between the Balance Sheet approach vs. the Income Statement approach are presented. Additionally, simple interest on notes receivable are calculated and detailed examples are provided.

Who is the target audience?
  • Anyone interested in finance, accounting or related fields.
Compare to Other Accounting Courses
Curriculum For This Course
12 Lectures
02:38:35
+
Introduction
10 Lectures 02:38:33

Allowance for Bad Debts
07:08

Demonstration of Sales Method
12:43

Demonstration of Receivables Method
08:03

Reasoning on Allowance for Bad Debts
03:39

Example of Un-collectability
10:19

Notes Receivable
11:21

Reviewing Bad Debt T Accounts
06:49

Example T Accounts Bad Debt
07:55

8 Core Financial Accounting:Accounts Receivable Continuous Play
01:19:15
+
Supporting Materials
2 Lectures 00:01
Notes Template: Accounts Receivable
00:01

Workbook: Accounts Receivable
00:00
+
Review and Test
0 Lectures 00:00
Review Questions
5 questions

FINAL EXAM
8 questions
About the Instructor
Illumeo Learning
4.4 Average rating
326 Reviews
1,389 Students
242 Courses
Condensed and Efficient Courses for Busy Professionals

Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job.

Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination.

Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Erik Slayter (Illumeo)
4.2 Average rating
14 Reviews
50 Students
11 Courses

Erik is currently an Accounting Professor at California Polytechnic State University in San Luis Obispo. Formerly, Mr. Slayter served as Division Controller for the San Luis Obispo County division of Waste Connections, Inc. (NYSE: WCN). Prior to Mr. Slayter’s work for Waste Connections, he was Controller and MIS Director for Waller Genetics, a leading horticultural research company based in Santa Barbara County, California. Mr. Slayter’s M.B.A. and degree in Accounting were both earned from California Polytechnic State University in San Luis Obispo. Mr. Slayter holds an active Certified Public Accountant license from the State of California. Mr. Slayter serves as founder and President of CCSoccer Corp., a non-profit recreational, adult soccer league. 

Experience

Professor : Cal Poly San Luis Obispo - [2003-01 to Current]

District Controller : Waste Connections - [2002-10 to 2008-09]

Controller : Waller Genetics - [1997-10 to 2001-09]

Accountant : Shilling & Kenyon Accountants - [1993-10 to 1997-10]

Accountant : KPMG - [1992-06 to 1993-10] 

Education

MBA, Business : California Polytechnic State University-San Luis Obispo - [2006 to 2008]

BS, Accounting : California Polytechnic State University-San Luis Obispo - [1988 to 1992]