Ch 7: Receivables in Accounting Lesson Plans

About This Chapter

The Receivables in Accounting chapter of this course is designed to help you plan and teach the meaning of terms such as receivables management and notes receivable to students in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Receivables in Accounting chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

Day Topics Key Terms and Concepts Covered
Monday The accounts receivable, revenue recognition and uncollectable accounts processes The recording of accounts receivable transactions; the revenue recognition principle and its timing; procedures to follow when credit customers don't pay
Tuesday Definition and purpose of receivables management An explanation of receivables management and how it is used
Wednesday Recording warranty and service costs The processes by which these transactions are properly recorded
Thursday Notes receivable Procedures for determining interest rates and dates of maturity
Friday Converting receivables to cash before maturity A description of what occurs during this process

7 Lessons in Chapter 7: Receivables in Accounting Lesson Plans
Test your knowledge with a 30-question chapter practice test
Accounts Receivable: Definition, Process & Examples

1. Accounts Receivable: Definition, Process & Examples

Not all purchases of goods or services are paid for at the time of the purchase. Those that aren't are called accounts receivable. In this lesson, you will learn the basics about accounts receivable.

What is Revenue Recognition? - Principles, Process & Examples

2. What is Revenue Recognition? - Principles, Process & Examples

Did you know that when it comes to reporting revenue in the accounting records of a company, there is a certain time that it needs to be done? In this lesson, we are going to discuss the timing of revenue reporting and the Revenue Recognition Concept.

Uncollectable Accounts, the Allowance Method & Bad Debt

3. Uncollectable Accounts, the Allowance Method & Bad Debt

Do you think that every customer that opens a credit account will pay off their balance completely? In the real world, not every customer does. In this lesson, you are going to learn what uncollectable accounts are and how to account for them.

Receivables Management: Definition & Purpose

4. Receivables Management: Definition & Purpose

Accounts receivable are a completely different part of the credit column for many companies, and receivables management practices help keep track of them. This lesson explains what they are and why it is so important to have receivables management in place.

Recording Warranty and Service Costs

5. Recording Warranty and Service Costs

Under the best of circumstances, accounting should go in one direction, focused on keeping the customer happy with goods. But what happens to the accounting records when one of those goods is returned? This lesson explains.

Notes Receivable: Definition, Maturity Date & Interest

6. Notes Receivable: Definition, Maturity Date & Interest

Receivables are assets that a company owns. There are various items that are considered receivables. In this lesson, we are going to discuss notes receivable and the calculation of both the maturity date and the amount of interest charged on the note.

Converting Receivables to Cash Before Maturity

7. Converting Receivables to Cash Before Maturity

Cash-strapped businesses can sometimes turn to their receivables for an infusion of money. In this lesson, you'll learn how companies can convert receivables to cash before they're due to be paid.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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