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Category: Accounts receivable

Accounts receivable

December 16, 2020 Khayyam Javaid, ACA

In this section, we’ll explain the accounting  of accounts receivable. By the end of this section, you’ll be able to…

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Posted in: Accounts receivable, Financial Accounting

Debt factoring

December 15, 2020 Khayyam Javaid, ACA

Debt factoring or factoring of receivables is the process where an entity sells its receivables (unpaid invoices) to another entity.…

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Posted in: Accounts receivable, Financial Accounting

Secured and unsecured receivables

Khayyam Javaid, ACA

We know that with receivables, there is always a risk that an entity may not be able to collect the…

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Posted in: Accounts receivable, Financial Accounting

Accounts receivables ageing

Khayyam Javaid, ACA

Receivables ageing analysis is a useful analysis based on the accounts receivable ageing report. But what is an accounts receivable…

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Posted in: Accounts receivable, Financial Accounting

Direct write-off method of recording bad debts

Khayyam Javaid, ACA

Contrary to allowance method of recording bad debts, direct write-off method does not require estimation of credit losses. When a…

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Posted in: Accounts receivable, Financial Accounting

Example – How to calculate allowance for bad debts

Khayyam Javaid, ACA

In this post, we’ll go through an illustration to understand the mechanism of calculating allowance for bad debts. Illustration

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Posted in: Accounts receivable, Financial Accounting

How to calculate allowance for bad debts

Khayyam Javaid, ACA

If an entity has a small number of debtors, expected credit losses can be estimated by considering the historical trends…

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Posted in: Accounts receivable, Financial Accounting

Change in bad debts allowance and subsequent recovery of bad debts

Khayyam Javaid, ACA

Allowance method is based on estimation and there is a possibility that circumstances change favorably for an entity. A debtor…

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Posted in: Accounts receivable, Financial Accounting

Accounting of allowance for bad debts

Khayyam Javaid, ACA

Businesses tend to sell their goods and services on credit to increase their sales. If businesses do not offer credit…

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Posted in: Accounts receivable, Financial Accounting

Credit risk management

Khayyam Javaid, ACA

Credit sales are a common feature of the modern trade. Offering credit sales means that businesses are willing to assume…

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Posted in: Accounts receivable, Financial Accounting

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    Financiopedia
    • Financial Accounting
      • Basics of accounting
      • Double-entry accounting system
      • Accounting cycle
      • Accounting principles
      • Bookkeeping
      • Accounting of assets
      • Property, plant and equipment
      • Financial instruments
      • Inventory
      • Accounts receivable
      • Accounting of liabilities
      • Accounting of income
      • Accounting of expenses
    • Management Accounting
      • Introduction
      • Relevant costing
      • Cost of Goods Sold Statement
      • Marginal and Absorption Costing
      • Inventory Valuation
      • Inventory Management
    • IFRS
      • IFRS 15 – Revenue from contracts with customers