Section 6
Reporting and Analyzing Receivables
Book
Version 3
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Boundless Accounting
Accounting
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4 concepts
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Classifying Receivables
Receivables can be classified as accounts receivables, trade debtors, bills receivable, and other receivables.
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Dealing with Foreign Currency and Bad Debts
To deal with foreign currency and bad debts, we have a "gain or loss" account and methods to measure the net value of accounts receivable.
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Reporting Receivables
Accounts receivable are reported as a line item on the balance sheet and in a more detailed again report.
Using the Receivables Turnover Ratio
The receivables turnover ratio measures how efficiently a firm uses its assets.