A Student Is Considering Dropping His Accounting Class Because He

question 148

Essay

A student is considering dropping his accounting class because he cannot understand the rules of debits and credits.
Can the student be successful in the course without an understanding of the rules of debits and credits? Explain the rules of debits and credits in a way that will help him understand them.

Calculate and interpret the accounts receivable turnover.

Compare and contrast the GAAP and IFRS treatment of factoring transactions.

Understand the concepts of receivable impairment under both IFRS and GAAP.

Recognize the appropriate interest calculation for notes receivable.