What is the bad debt provision

Assignment Help Finance Basics

Reference no: EM131414388

Excerpts from the operating sections of the 2008 statement of cash flows for Target and Toyota are provided below. Target publishes U.S. GAAP-based financial statements and Toyota publishes IFRS-based financial statements (dollars in millions).

REQUIRED:

a. What is the bad debt provision, and on which other financial statement would you find it?

b. Explain why the bad debt provision and the change in accounts receivable appear in the operating section of the statement of cash flows.

c. Provide several reasons why net cash from operations is so much larger than net earnings for both companies.

d. Does it look like U.S. GAAP and IFRS account for bad debts much differently? Explain.

Reference no: EM131414388

Questions Cloud

How can nurses working in the community : How can nurses working in the community form partnerships with parish nurses and faith communities? How would such partnerships be beneficial

Research and discuss the basic theories of motivation : Please complete ONE of the following assignments, incorporating ideas and concepts from the week's lecture and/or articles. Please feel free to incorporate outside resources as well. When submitting your assignment, please indicate which of the th..

Develop the characteristics of various leadership theories : LDR/300-Develop the definition and characteristics of various leadership theories and approaches to leadership (trait leadership, behavioral leadership, contingency leadership, skills leadership and situational leadership).

Describe the type of health care organization : Describe the type of health care organization and the role(s) of the IT professional(s) that you interviewed. Explain what HMIS means to the individual(s) and provide a summary of the interview discussion

What is the bad debt provision : Explain why the bad debt provision and the change in accounts receivable appear in the operating section of the statement of cash flows.

What are the modes of communication in the organization : What are the Modes of communication in the organization? (i.e., written or verbal). Nature of authority (i.e., recognized social rank). Motivational techniques (e.g. intrinsic or extrinsic used to influence productivity and performance).

Determine the service-related variance for surgical volume : Budgeting is an important activity within every healthcare organization. The particular challenges encountered, however, can vary depending on the type of organization. A state or federally funded organization, for example, will likely have a budg..

Discuss the reasons underlying the 2008 amounts : Compute the actual write-offs recognized by JPMorgan Chase in 2006, 2007, and 2008. Comment on JPMorgan Chase's annual estimates. Discuss the reasons underlying the 2008 amounts.

How familiar candidates are with handling the cultural issue : Before the second-round interview, Rockfish has decided to ask you to devise a set of questions that will help elicit information as to how familiar the candidates are with handling the cultural diversity issues the job will present.

User Account

All Pages