- classification of trade accounts receivable by date of sale usually prepared by a company’s auditor the Aging as the schedule is called is a vital tool in analyzing the quality of a company’s receivables investment it is frequently required by granted tours of credit the schedule is most often seen as
- 1 a list of the amount of receivables by the month in which they are created
- into a list of receivables by maturity classified as current or as being in various stages of delinquency
- the Aging schedule reveals patterns of delinquency and shows where collection efforts should be concentrated it helps in evaluating the adequacy of the reserve for bad debts because the longer account stretch out the more likely they are to become uncollectible using a schedule can help prevent the loss of future sales since old customers will fall to behind tend to seek out new sources of supply
Adjusted Balance Method
formula for calculating finance charges based on account balance remaining…
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preferred stock whose dividend it said of being fixed is…
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mortgage agreement between a financial institution in a real estate…
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contract between participating members of an investment banking Syndicate sometimes…
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mutual fund holding stocks of rapidly growing companies while these…
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securities issued by US Government sponsored entities( gse’s) end federally…
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amount of money adjusted for inflation that an investor can…
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trading activity immediately following an initial public offering( ipo) (adsbygoogle…
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trading of stocks and bonds after regular trading hours on…
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clause in a mortgage agreement providing that any additional mortgage…
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standard established by the National Association of Realtors( Nar) to…
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financial industry regulatory Authority( finra) requirement that market-makers quote firm…
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corporation that is an affiliate (adsbygoogle = window.adsbygoogle || []).push({});…
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brokerage account in which Brokers discretion in making investment decisions…
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tendency of people with significant potential to file claims wanting…
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government securities exchange of return government securities prior to their…
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financial industry regulatory Authority (finra) automated surveillance system used to…
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book value adjusted for market value on the balance sheet…
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court-appointed individual or bank charged with carrying out the Court’s…
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income on which an individual or couple computes federal income…
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life insurance that gives a policyholder power to change the…
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contributions made by an employee into a tax-deferred savings account…
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Investment Management where the portfolio manager actively makes investment decisions…
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collateral available for securing Brokers loans or customers margin positions…
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run by the financial industry regulatory Authority (finra) Aces passes…
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dividend due, usually to Holders a cumulative preferred stock but…
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estimated liability of a pension plan assuming immediate termination differs…
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ratio obtained by dividing total credit sales by accounts receivable…
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short-term financing whereby accounts receivable serve as collateral for working…
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statement signed by an independent public accountant describing the scope…
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Federal Reserve policy to increase the amount of money available…
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third-party guarantee of an obligation without compensation (adsbygoogle = window.adsbygoogle…
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