1. Cash u Nature and Composition u Management and Control –Imprest petty cash fund –Physical protection u Reporting Cash –Restricted cash –Bank overdrafts –Cash equivalents

2. Accounts Receivables u Discounts –Trade –Cash u Valuation of Accounts Receivable –Uncollectible accounts »Direct write-off versus allowance method »Allowance method using percentage of sales »Allowance method using percentage of receivables »Collection of receivables previously written off –Sales returns and allowances

3. Notes Receivable u Recognition of Notes Receivable –Note issued at face value –Note not issued at face value »zero interest »interest –Special situations »notes received for cash and other rights »notes received for property, goods, or services »imputed interest u Valuation of Notes Receivable

4. Disposition of Accounts and Notes Receivables u Secured Borrowing u Sale of Receivables –Without recourse –With recourse u Secured borrowing versus Sale –transferred asset has been isolated from the transferor –transferees have obtained the right to pledge or exchange either the transferred assets or beneficial interests in the transferred assets –transferor does not maintain effective control over the transferred assets through an agreement to repurchase or redeem them before their maturity

5. Disposition of Accounts and Notes Receivables u Presentation and Analysis –Presentation of receivable –Analysis of receivables