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Provision for Doubtful Debt – SOP

4.88

To establish a formal routine assessment of the adequacy of the provision for doubtful debts

Objective:

To establish a formal routine assessment of the adequacy of the provision for doubtful debts

“…each Controller is responsible for establishing a realistic basis for calculating a monthly provision. The preferred solution is a percentage of total credit sales based upon prior years’ experience…”

Includes:

– SAMPLE REPORT (PROVISION FOR DOUBTFUL DEBTS)


Details:

Department : Finance / Accounting
Who is it for: Financial Controller, Chief Accountant
Document Type: SOP
Level of Detail / Difficulty: Concise / Intermediate
Involved Skills: Accounting,  Financial Analysis, Risk Management, Compliance, Forecasting, Auditing

File Format: Word (.docx)
Word Count: 339
Print Length: 03 Pages
File Size: 25 KB

Language: English
Editable: Yes
Ready to Print: Yes

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