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Module 5 of the financial accounting course focuses on receivables, which represent money owed to companies. Receivables are common current assets, and the instructor reflects on the initial confusion surrounding their necessity, questioning why companies don't require cash payments immediately. A simple cash transaction involves a debit to cash and a credit to sales revenue, indicating immediate earnings. In contrast, credit transactions require two journal entries: one to record the revenue when the sale occurs (debit accounts receivable and credit consulting revenue) and another when payment is received a month later (debit cash and credit accounts receivable). Therefore, managing credit customers involves more complexity than cash customers.