LO7-01: Define financial assets and expla in their valuation in the balance sheet.
LO7-02: Describe the objectives of cash management and internal controls over cash.
LO7-03: Prepare a bank reconciliation and explain its purpose.
LO7-04: Describe how short-term investments are reported in the balance sheet and account for transactions involving marketable securities.
LO7-05: Describe internal controls over accounts receivable.
LO7-06: Account for uncollectlble receivables using the allowance and direct write-off methods.
LO7-07: Explain, compute, and account for notes receivable and interest revenue.
LO7-08: Evaluate the liquidity of a company's accounts receivable.