Chapter 7 Acc557
CHAPTER 7
Cash and Receivables
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. 2. Accounting for cash. Accounting for accounts receivable, bad debts, other allowances. Accounting for notes receivable. Assignment and factoring of accounts receivable. Analysis of receivables. Petty cash and bank reconciliations. Questions 1, 2, 3, 4, 21 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 14, 15 16, 17, 18, 19 20 22 Brief Exercises 1 2, 3, 4, 5 Concepts Exercises 1, 2 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 18, 19 12, 13, 14, 15, 16, 17, 21 20, 21 22, 23, 24, 25 Problems 1 2, 3, 4, 5, 6 8, 9, 10 7, 11, 12, 13 1 12, 13, 14 1, 2, 3, 4, 5, 10, 11 6, 7, 8, 9 6, 8 for Analysis
3. 4.
6, 7 8, 9, 10, 11, 12 13 14, 15, 16
5. *6.
*This material is covered in an Appendix to the chapter.
7-1
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. 5. 6. 7. 8. 9. *10. Identify items considered as cash. Indicate how to report cash and related items. Define receivables and identify the different types of receivables. Explain accounting issues related to recognition of accounts receivable. Explain accounting issues related to valuation of accounts receivable. Explain accounting issues related to recognition of notes receivable. Explain accounting issues related to valuation of notes receivable. Explain accounting issues related to disposition of accounts and notes receivable. Describe how to report and analyze receivables. Explain common techniques employed to control cash. 9, 10, 11, 12 13 14, 15, 16 2, 3, 4 5 6, 7, 8 3, 4 3, 4, 5, 6, 12 7, 8, 9, 10, 11, 12 18, 19 18, 19 13, 14, 15, 16, 17, 21 20 22, 23, 24, 25 Brief Exercises 1 Exercises 1, 2 1 6 6 2, 3, 4, 5, 6 8, 9, 10 10 7, 11 11 12, 13, 14 Problems
7-2
ASSIGNMENT CHARACTERISTICS TABLE
Level of Difficulty Moderate Moderate Simple Simple Simple Moderate Moderate Simple Simple Simple Simple Simple Simple Simple Simple Moderate Simple Simple Moderate Moderate Moderate Simple Simple
Cash and Receivables
ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC)
Topics 1. 2. Accounting for cash. Accounting for accounts receivable, bad debts, other allowances. Accounting for notes receivable. Assignment and factoring of accounts receivable. Analysis of receivables. Petty cash and bank reconciliations. Questions 1, 2, 3, 4, 21 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 14, 15 16, 17, 18, 19 20 22 Brief Exercises 1 2, 3, 4, 5 Concepts Exercises 1, 2 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 18, 19 12, 13, 14, 15, 16, 17, 21 20, 21 22, 23, 24, 25 Problems 1 2, 3, 4, 5, 6 8, 9, 10 7, 11, 12, 13 1 12, 13, 14 1, 2, 3, 4, 5, 10, 11 6, 7, 8, 9 6, 8 for Analysis
3. 4.
6, 7 8, 9, 10, 11, 12 13 14, 15, 16
5. *6.
*This material is covered in an Appendix to the chapter.
7-1
ASSIGNMENT CLASSIFICATION TABLE (BY LEARNING OBJECTIVE)
Learning Objectives 1. 2. 3. 4. 5. 6. 7. 8. 9. *10. Identify items considered as cash. Indicate how to report cash and related items. Define receivables and identify the different types of receivables. Explain accounting issues related to recognition of accounts receivable. Explain accounting issues related to valuation of accounts receivable. Explain accounting issues related to recognition of notes receivable. Explain accounting issues related to valuation of notes receivable. Explain accounting issues related to disposition of accounts and notes receivable. Describe how to report and analyze receivables. Explain common techniques employed to control cash. 9, 10, 11, 12 13 14, 15, 16 2, 3, 4 5 6, 7, 8 3, 4 3, 4, 5, 6, 12 7, 8, 9, 10, 11, 12 18, 19 18, 19 13, 14, 15, 16, 17, 21 20 22, 23, 24, 25 Brief Exercises 1 Exercises 1, 2 1 6 6 2, 3, 4, 5, 6 8, 9, 10 10 7, 11 11 12, 13, 14 Problems
7-2
ASSIGNMENT CHARACTERISTICS TABLE
Level of Difficulty Moderate Moderate Simple Simple Simple Moderate Moderate Simple Simple Simple Simple Simple Simple Simple Simple Moderate Simple Simple Moderate Moderate Moderate Simple Simple