Updated COVID Protocols

 Face masks are required in all indoor facilities regardless of vaccination status. Effective January 1, 2022, proof of vaccination will be required for students, employees and visitors. Visit dccc.edu/coronavirus for additional information.

Delaware County Community College, Serving Delaware and Chester Counties

Policy 6.1: Allowance for Doubtful Accounts

Original Date of Issue: 3/20/85
Revised:

In accordance with generally accepted accounting principles, an Allowance for Doubtful Accounts shall be established in each fund containing accounts receivable. Such allowance shall be established and periodically adjusted on the basis of the age and estimated collectability of the receivable. The allowance shall be funded by a charge to the type of revenue generating the receivable.

Review
Accounts receivable will be reviewed by age of the debt-estimated collectability.

Currently  Due 100% Collectible
61 to 120 Days Past Due 50% Collectible
Over 120 Days Past Due 100% Uncollectible


Loans receivable resulting from federal loan programs will be classified according to federal guidelines if different from these time periods.

The process of analyzing and adjusting the Allowance for Doubtful Accounts will be performed at the end of each calendar quarter.