3 ParagraphsAPA formatted ReferencesYour company's accounts payable clerk is asked to fill in for...

Question

3 ParagraphsAPA formatted ReferencesYour 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%

David · Accepted Answer

Receivables 
Receivables are the part of current assets of the company and involve all money dues 
against other bodies, comprising of people, business firms, and other organization. The 
receivables can be classified as follows: 
1. Accounts Receivable – Accounts Receivable is the result of the sale of stock on 
credit and is anticipated to be collected within a quite short period, like 30 or 60 days. 
2. Notes Receivable – Notes Receivable can be defined as the amount owed by the 
customer, for which a formal written instrument of credit has been issued. These are 
issued for the credit period of more than 60 days. It can be used to settle a customer’s 
accounts receivable account.  
The company uses two methods for handling uncollectible receivables. These are:

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%

3 ParagraphsAPA formatted References 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....

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