Accounts receivable

Generally Accepted Accounting Principles The Standards issued by the policy-setting policies are known as the Generally Accepted Accounting Principles (GAAP). These principles address recognition, measurement and disclosure of economic activity. Recognition occurs when an entity records an item on the financial statements or source documents, measurement addresses how the item is recorded in the financial statement, and disclosure involves items that are not recorded in the financial statements.…

There are many career paths a person can take in the medical field, but once you decide to specialize in a certain area of study, then the options for that field become greater. This is because you have made a choice that most people won’t make. Extending the traditional four (4) year degree program or returning to school at a later date to acquire a new skill set is a choice that many people dread doing. Whatever their reason maybe, in my opinion, it is not worth the outcome, but it is…

Director, “Costco is able to offer lower prices and better values by eliminating virtually all the frills and costs historically associated with conventional wholesalers and retailer, including salespeople, fancy buildings, delivery, billing and accounts receivable. We run a tight operation with extremely low overhead which enables us to pass on dramatic savings to our…

Costco Wholesale Corporation, which operates as a membership retailer, which specializes in selling quality products at low prices was founded in 1983 by James Senegal and Jeffery Brotman, with both having a background in retailing and established the first warehouse in Seattle, Washington. In 1993, there was a merge between Costco and Price club forming Price Costco causing a double in size in comparison with the parent company, and in 2007 the corporation became the seventh largest global…

An account can be defined as a financial record of charges, payments made, and amounts due. A charge is a fee charged for a service. A payment is an amount of money paid by patient or client. A current balance is the amount still owed by the patient or client and is often classified as accounts receivable. Most healthcare agencies use a computerized bookkeeping system, with backup systems in place to safeguard…

Lamborghini is an Italian origin company which manufacturer of luxury sports cars and SUV’s based in Bolognese, Italy. Ferruccio Lamborghini is the founder of Lamborghini. This company is one of the super car company in the world. They have a 360-degree approach for their company to keep them successful in business and company wise. The 360 approach of this company includes the department like. • Research and Development • Design • Production • Purchasing • Marketing (including the selling…

proprietor is personally liable for all of the obligations of the company. Moreover, if anyone has a reason to prosecute your business, they’ll be able to come after your personal property, not only the money that you have in your company checking account. But also if the suit is for enough money, you could end up wasting almost all of your ownership for example: your car, your profits, and perhaps your home. There are many advantages and disadvantages of a sole proprietorship. The advantages of…

Audit Group Case 4, Billy’s Beats Billy’s Beats Inc. Completing the Audit Due Date: December 10 by 8PM Please read the instructions below carefully. Failure to follow these instructions may adversely affect your grade for this assignment. As outlined in the syllabus, the penalty for unexcused late assignments is 10% of the maximum points for each day that the assignment is late, and no assignment will be accepted after three days from its due date. • Read the case and the “Required” section…

1-2 Revolution of working capital In the beginning of 1900 to 1940s a little development in the area of working capital management research taking in consideration that it will be a separate management practice. Very small number of researchers related to working capital and there was a random explanation of what was the term of working capital. some arguments concluded a basic definition and categorizations of working capital display a first learning stage, focusing an understanding of working…

company can make. Available-for-sale securities are any security not classified as a trading security or held to maturity security. These can either be debt or equity securities, however, the accounting is the same for each. An accountant must properly account and report these securities on the company's financial statements. Accountants revalue available-for-sale securities each year and have to report unrealized gains or losses. These unrealized gains or losses are reported as other…