By lowering the allowance for doubtful accounts (as a percentage of receivables) in a worldwide tech slump, getting its tax rate down and changing pension return assumptions, IBM created $858 million, or 47 cents per diluted share, in aftertax profits.
A receivables management firm offers an "A to Z of receivables management".
One of the central pieces of the Peregrine fraud was the sale of receivables, many of them fraudulent, to banks.
Auditors are supposed to do spot checks of receivables.
Also include an aging schedule of receivables and payables.
Its reserve is $4.5 billion, or 1.06% of receivables.
Credit card delinquencies surge to 7% of receivables.
Exhibit A: The company reduced its estimate on how much of accounts receivable won't be paid, from 6.6% of receivables to 2.2%.
Exhibit A: The company reduced its estimate on how much of accounts receivable won't be paid, lowering the number from 6.6% of receivables to 2.2%.
Bad-debt provisions accounted for 14% of receivables in fiscal 1997, up slightly from last year's 13%.
GE Capital's reserve has decreased since 2003, when it was 2.8% of receivables.
