Page 163 - F3 -FA Integrated Workbook STUDENT 2018-19

Receivables

The estimate of the allowance for receivables can be prepared using information
from a range of sources, such as:

Using current economic and financial data to evaluate the impact upon
the ability of individual customers to pay amounts outstanding

Preparing and reviewing an aged receivables’ analysis and assessing
the ability of individual customers to pay amounts due, including
awareness of any disputes or other communication with customers.

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