past due accounts and credit management to invoices and uncollectible debt. ">

ALF-3051 Accounting for Accounts Receivable

Quick Facts

Price
$240

Continuing Education Units (CEUs)
3

Course is Part of this Program
Accounting Studies Certificate

Course Length
Self-Paced (Must be completed within 6 months)

Course Dates & Locations
Courses are online and can be started anytime

Your registration will be handled by a secure payment system. Credit card information will not be saved.

Register

Overview

You will be introduced to the proper accounting procedures for working with accounts receivable in this course. Learn about everything from accounts affecting A/R processing to past due accounts and credit management to invoices and uncollectible debt


Who Should Attend

  • Anyone who desires to have a better understanding of basic accounting, work in an accounting department or implement accounting practices into their work or lifestyle

Course Objectives

  • Goal of accounts receivable is to increase working capital
  • Accounts Receivable
    • Aging the receivables
    • Aging schedule
    • Steps in accounts receivables
      • Remittance processing
      • Credit management
      • Collections
  • Accounts Affecting A/R Processing
    • Assets
      • Cash
      • Allowance for uncollected accounts
    • Liabilities
      • Sales tax penalty
    • Revenue 
      • Sales of products or income
      • Sales returns
      • Sales discount
      • Freight revenue
    • Expense
      • Bad debt
      • Freight out
      • Freight in
  • Past due accounts and credit management
    • Do your research
    • Support your documentation
    • Contact the client
  • Invoices and uncollectible debt
    • Invoice terms
    • Recording entries for doubtful accounts
  • Estimating uncollected debt
    • Estimate the amount of uncollectible accounts from prior year
    • Make adjusting entry
    • Uncollectible accounts are identified and written off
  • Effect of bad debt write-offs

Contact Us

Office of Professional Education, Worldwide Campus
600 S. Clyde Morris Blvd.
Daytona Beach, FL 32114-3900

This is a self-guided online course; you will be able to complete this course at your own pace, from wherever you choose.