1. Identify and explain the management issues related to short-term financial assets.



2. Explain cash, cash equivalents, and the importance of electronic funds transfer.



3. Identify types of short-term investments and explain the financial reporting implications.



4. Define accounts receivable and apply the allowance method of accounting for uncollectible accounts.



5. Define promissory note, and compute and record promissory notes receivable.



Supplemental Objective

6. Prepare a bank reconciliation.




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