FI 020 - Finance - Provision for Doubtful Debt

Hotel Finance – Provision for Doubtful Debt – SOP

FI 020: Provision for Doubtful Debt


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:

File Size: 23 KB
File Format: Word
Print Length: 03 pages
Publication Date: November 01, 2016
Language: English
Editable: Yes

The finance (sometimes called accounting) department function is recording financial transactions, preparing and interpreting financial statements and providing management with timely report and operating results.