Determine the two essential elements your plan must have and why you selected these two.
August 7, 2017Describe financial accounting disclosures required for nonprofit organizations and how these disclosures provide useful information to users.
August 7, 2017
- Find the Accounts Receivable (may also be called Trade Receivables) for your selected company. How much is the “net amount”? This is the amount after deducting the Allowance for Uncollectible Accounts (this can have some other names).
- How much is the “gross amount”? If this information is not shown on the Balance Sheet, you should be able to find it in the notes that follow the financial statements. Do you think the Allowance for Uncollectible Accounts is a reasonable estimate of the uncollectible accounts? Why?
- Post the net cash flows from each of the three activities (operating, investing, and financing) for the most recent three years from your selected company’s Cash Flow Statement. What does this information tell you about your company?
