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English to German translations [PRO] Bus/Financial - Finance (general) / Geschäftsbericht (US-GAAP)
English term or phrase:collection experience
Allowance for Doubtful Accounts
Allowances are established in order to report receivables at net realizable value on the Company’s Consolidated Statement of Financial Position. The determination of these allowances requires management of the Company to make estimates and judgments as to the collectability of customer account balances. These allowances are estimated for customers who are considered credit risks by reviewing the Company’s ***collection experience*** with those customers as well as evaluating the customers’ financial condition.