As the table indicates, the trade receivables have increased in absolute value each year. Discuss why entities

Question:

As the table indicates, the trade receivables have increased in absolute value each year. Discuss why entities are required to separately disclose the amounts receivable for trade receivables from the amounts receivable from other debtors. To assess the reasonableness of the increase in the trade receivables, list other financial item(s) trends that would be useful to investigate.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 80% (20 reviews)

The table indicates that the trade receivables have increased in absolute value each year Often on t...View the full answer

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question

Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

See More Books

Question Posted: Mar 21, 2016 02:19 AM

See More Questions

As the table indicates, the trade receivables have increased in absolute value each year. Discuss why entities

Question:

Step by Step Answer:

The table indicates that the trade receivables have increased in absolute value each year Often on t...View the full answer

Accounting Business Reporting For Decision Making

Students also viewed these Accounting questions