A02 Accounting for bad Debt – Principles of Accounts I Modules #6
Description
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Assignment Instructions
Bad debts for accounts receivables are something that every organization needs to prepare for and also understand how to estimate and record the uncollectible accounts receivables for a certain period. Generally Accept Accounting Principles (GAAP) allows businesses two option to write off bad debts: 1.) Direct Write-Off Method or 2.) Allowance Method.
Based on the information that you have learned in the module, you have been asked to create a PowerPoint presentation that provides the procedures for using both of the methods. In addition, you should provide your reasoning for which method that you believe the organization should use. Providing specific examples of how the methods are completed is also required. Please review the rubric for specific information on how the PPT presentation will be graded. Your presentation should be a minimum of slides that does not include the cover slide or the references slide.
Length/Formatting Instructions
Font | 12 point, Times New Roman or Calibri Font |
Program/File Type | Submit in Word |
Attachments | Should be pasted into the Word document if possible. |
Referencing system |
APA referencing system is necessary in assignments, especially material copied from the Internet. For examples of correct citations, visit the following links: |
File Name | Lastname_firstname_[Course Code]_M[Module #] Assignment |
M6 Assignment Grading Rubric
Your work will be evaluated on the following criteria:
CATEGORY | Exemplary | Satisfactory | Unsatisfactory | Unacceptable |
Overview of the Methods (20 points) | 20 points
The presentation contains a comprehensive overview of the two bad debt reporting methods. |
16 points
The presentation has an adequate overview of the two bad debt reporting methods but is not comprehensive. |
8 points
The presentation does not include a comprehensive overview of the two bad debt reporting methods. |
0 points
The presentation does not meet the requirements. |
Comparison/Contrast of Bad Debt Reporting Methods (20 points) | 20 points
The presentation contains a comprehensive comparison between bad debt methods. |
16 points
The presentation has an adequate comparison but is not comprehensive. |
8 points
The presentation does not include a comprehensive comparison. |
0 points
The presentation does not meet the requirements. |
Specific Steps of the Bad Debt Reporting Methods (20 points) | 20 points
The presentation contains a comprehensive overview of how each method is recorded in the accounting ledgers. |
16 points
The presentation has an adequate overview of how each method is recorded in the accounting ledgers, but is not comprehensive. |
8 points
The presentation does not include a comprehensive overview of how each method is recorded in the accounting ledgers. |
0 points
The presentation does not meet the requirements. |
Summary/Recommendations (20 points) | 20 points
The presentation contains comprehensive recommendations of which bad debt reporting method should be used by the organization. |
16 points
The presentation has an adequate summary on which bad debt reporting method should be used by the organization, but is not comprehensive. |
8 points
The presentation does not include a comprehensive summary on which bad debt reporting method should be used by the organization. |
0 points
The presentation does not meet the requirements. |
Writing StyleOrganization, Transitions, Tone (10 points) | 10 points
The assignment is written with excellent organization, thoughtful transitions, and the appropriate tone. |
8 points
This writing assignment is adequately organized, but has some errors in the transitions or the tone. |
4 points
This writing assignment is poorly organized, or it contains ineffective transitions and/or inappropriate tone. |
0 points
This writing assignment displays little to no organization or transitions, and/or does not use the appropriate tone. |
APA FormatCitations and References (10 points) | 10 points
All sources used for quotes and facts are credible and cited, and the references and in-text citations are all properly formatted. Each reference has an in-text citation and in-text citation has a reference. |
8 points
All sources used for quotes and facts are credible and cited, but slight errors are present in the format of the in-text citations or references. Or there may be one in-text citation or reference missing. |
4 points
Some sources used for quotes and facts are either not credible or there are significant errors in the in-text citations and/or references. Or there are multiple missing in-text citations or references. |
0 points
The sources used for quotes and facts are not credible and/or not cited. The in-text citations and/or references are not present. |
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