Section 5
Basics of Receivables Management
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
2 concepts
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Activities to Manage Receivables
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit.
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Managing to Prevent Fraud
To help prevent fraudulent activities, management must implement internal controls/structure and know what situations to look for.