Accounts Receivable explanation, calculation, historical data and more. Click on "Create a new account here" as shown in the screenshot above 3.Fill in the form to create your account. Determine the following measures for the fiscal years ended May 31, 2018, and May 31, 2017. Cl B annual balance sheet for NKE company financials. Accountants use Excel all the time. Accounts receivable (AR) is an accounting term for money owed to a business for goods or services that it has delivered but not been paid for yet. Have you received the funds and not cleared the AR? Is the record complete? To determine whether it is appropriate to offset other balance sheet accounts (e.g.