Mode 7

Revenue Recognition & Receivables

Earned vs cash, percentage of completion, and the aging method.

S5 · Not started

Accrual vs cash

Earned and incurred, not paid

S12 · Not started

Percentage of completion

Revenue as work is done

S13 · Not started

Receivables & bad debts

Aging and the allowance

Homework problems

Real problems, exactly as written. After each one, try a similar one with new numbers.