Unit 5—Chapter 8: Accounting for Receivables
Learning Goal(s)
By the end of this unit, I will:


understand and record Accounts Receivable & Notes Receivable transactions as well as calculate the net
realizable value of A/R and Bad Debts
demonstrate the presentation, analysis, and management of Receivables
Success Criteria
I know I am successful when I can:






identify and describe the different types of Receivables
show how Receivables are recognized in accounts and the methods used to value A/R
demonstrate how Notes Receivable are recognized, valued and disposed of
illustrate the Financial Statement presentation of Receivables
evaluate short-term liquidity (by calculating Quick Ratio (Acid Test), Current Ratio, A/R Turnover,
Collection Period, and Operating Cycle in Days)
demonstrate how to accelerate cash receipts from Receivables
Learning Focus
Identify and describe the different
types of Receivables
Show how Receivables are
recognized in accounts including
A/R Control Account, Interest
Revenue and non-bank credit
card sales
Identify the methods used to
value Accounts Receivable
Demonstrate how Notes
Receivable are recognized,
valued and disposed of
Illustrate Financial Statement
presentation of Receivables
Evaluate short-term liquidity (by
calculating Quick Ratio, Current
Ratio, A/R Turnover, Collection
Period, Operating Cycle in Days)
Demonstrate how to accelerate
cash receipts from Receivables
(ie. loans secured by A/R; sale of
Receivables)
Assignment
Assessment
Method
Category
Overall
Expectation
Addressed
Read pp. 338-341
BE 8-2, 3, 4, p. 363
Read pp. 342-352
BE 8-5, 6, 9, 10
pp. 363-364
Read pp.349-352
BE 8-11, 12, 13, 14
pp. 364-365
Read p. 363
BE 8-16, p. 365
Formative
Knowledge
Communication Lesson 1
Formative
Knowledge
Application
Formative
Formative
Lessons 1, 3
Knowledge
Lessons 2, 3
Application
Knowledge
Application
Lesson 4
Knowledge
Application
Lesson 4
Thinking
Communication
Read pp. 352-355
BE 8-17, p. 365
Formative
Read pp. 355-356
Formative
Knowledge
A/R—E 8-7, P 8-2A
Notes—E 8-9, 10
Ratios—E 8-12
Formative
Application
Thinking
Lessons 5, 6
Communication
Review & Test
Outline
Formative
Chapter 8 Test
Summative
Application
Thinking
Knowledge
Application
Lesson 4
pp. 367-370
Lesson 7
Lesson 8