• Why are internal controls important for entities' cash?
• What is 'restricted cash' and how is it presented in the balance sheet?
• What is the difference between gross and net approaches to accounting for sales discounts?
• Why does an organization need to account for actual and expected sales returns?
• Why does an organization need to account for possible and actual non-payment by its customers?
• Why do entities engage in receivables financing transactions? What accounting issues do these arrangements cause, and how do we resolve them?