ACC 291 Week 1 Financial Accounting, Ch. 8: Reporting and Analyzing Receivables

Consider the following as you read:

Credit is an essential part of doing business, and many small and large businesses would not be able to generate targeted sales if they did not offer their customers a buy now, pay later option. As you read through Ch. 8, consider the following:

1. How can companies manage credit accounts effectively to minimize losses?
2. What kind of credit policies should businesses implement to keep customers buying while increasing their receivables turnover rate?