Section 5
Basics of Receivables Management
Book
Version 3
By Boundless
By Boundless
Boundless Accounting
Accounting
by Boundless
2 concepts
Activities to Manage Receivables
Accounts receivable represents money owed by entities to the firm on the sale of products or services on credit.
Managing to Prevent Fraud
To help prevent fraudulent activities, management must implement internal controls/structure and know what situations to look for.