SAE Annual Report 2010 - 44

SAE INTERNATIONAL
Notes to the Financial Statements (Continued) Note 1 - Summary of Significant Accounting Policies (Continued) D. Cash and Cash Equivalents

For purposes of the statement of cash flows, SAE considers all highly liquid investments with an initial maturity of three months or less to be cash equivalents. SAE’s cash balances were allocated to numerous banking institutions operating in western Pennsylvania. From time to time, the balance may be in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. E. Accounts Receivable

Accounts receivable are stated at the amount management expects to collect from balances outstanding at year end. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. Any balance that is still outstanding after management has used reasonable collection efforts is written off through a charge to the valuation allowance and a credit to trade accounts receivable. The allowance for uncollectible accounts was approximately $166,000 at December 31, 2010 and $223,000 at December 31, 2009. F. Pledges Receivable

Unconditional promises to give are recognized as revenues or gains in the period received as assets, decreases of liabilities, or expenses depending on the form of the benefits received. Conditional promises to give are recognized when the conditions on which they depend are substantially met. Pledges receivable are stated at the amount management expects to collect from outstanding balances. Management has established an allowance for uncollectible pledges based on its evaluation of the individual pledge. G. Investments

Investments are presented at fair value as measured by quoted market prices. Those investments received as gifts or donations are recorded at their fair value on the date received. Investment activity includes unrealized and realized gains and losses on investments (net appreciation), interest and dividends.

Page 12

44



SAE Annual Report 2010

Table of Contents for the Digital Edition of SAE Annual Report 2010

SAE Annual Report 2010
Contents
Executive Message
Sectors – Aerospace, Automotive and Commercial Vehicle
Membership
Aerospace Standards
Ground Vehicle Standards
Engineering Events and Meetings
Electronic Publishing
Magazines and Books
Professional Development
Collegiate Design Series
SAE Foundation
Performance Review Institute (PRI)
Globally Relevant
SAE International Financials
Supplemental Information
SAE Annual Report 2010 - Intro1
SAE Annual Report 2010 - Intro2
SAE Annual Report 2010 - SAE Annual Report 2010
SAE Annual Report 2010 - Contents
SAE Annual Report 2010 - Executive Message
SAE Annual Report 2010 - 3
SAE Annual Report 2010 - Sectors – Aerospace, Automotive and Commercial Vehicle
SAE Annual Report 2010 - 5
SAE Annual Report 2010 - 6
SAE Annual Report 2010 - 7
SAE Annual Report 2010 - 8
SAE Annual Report 2010 - 9
SAE Annual Report 2010 - Membership
SAE Annual Report 2010 - 11
SAE Annual Report 2010 - Aerospace Standards
SAE Annual Report 2010 - 13
SAE Annual Report 2010 - Ground Vehicle Standards
SAE Annual Report 2010 - 15
SAE Annual Report 2010 - Engineering Events and Meetings
SAE Annual Report 2010 - Electronic Publishing
SAE Annual Report 2010 - Magazines and Books
SAE Annual Report 2010 - 19
SAE Annual Report 2010 - Professional Development
SAE Annual Report 2010 - Collegiate Design Series
SAE Annual Report 2010 - SAE Foundation
SAE Annual Report 2010 - 23
SAE Annual Report 2010 - Performance Review Institute (PRI)
SAE Annual Report 2010 - Globally Relevant
SAE Annual Report 2010 - SAE International Financials
SAE Annual Report 2010 - 27
SAE Annual Report 2010 - 28
SAE Annual Report 2010 - 29
SAE Annual Report 2010 - 30
SAE Annual Report 2010 - 31
SAE Annual Report 2010 - 32
SAE Annual Report 2010 - 33
SAE Annual Report 2010 - 34
SAE Annual Report 2010 - 35
SAE Annual Report 2010 - 36
SAE Annual Report 2010 - 37
SAE Annual Report 2010 - 38
SAE Annual Report 2010 - 39
SAE Annual Report 2010 - 40
SAE Annual Report 2010 - 41
SAE Annual Report 2010 - 42
SAE Annual Report 2010 - 43
SAE Annual Report 2010 - 44
SAE Annual Report 2010 - 45
SAE Annual Report 2010 - 46
SAE Annual Report 2010 - 47
SAE Annual Report 2010 - 48
SAE Annual Report 2010 - 49
SAE Annual Report 2010 - 50
SAE Annual Report 2010 - 51
SAE Annual Report 2010 - 52
SAE Annual Report 2010 - 53
SAE Annual Report 2010 - 54
SAE Annual Report 2010 - 55
SAE Annual Report 2010 - 56
SAE Annual Report 2010 - 57
SAE Annual Report 2010 - 58
SAE Annual Report 2010 - 59
SAE Annual Report 2010 - 60
SAE Annual Report 2010 - 61
SAE Annual Report 2010 - 62
SAE Annual Report 2010 - 63
SAE Annual Report 2010 - Supplemental Information
SAE Annual Report 2010 - 65
SAE Annual Report 2010 - 66
SAE Annual Report 2010 - 67
SAE Annual Report 2010 - 68
SAE Annual Report 2010 - 69
SAE Annual Report 2010 - 70
SAE Annual Report 2010 - 71
SAE Annual Report 2010 - 72
SAE Annual Report 2010 - 73
https://www.nxtbookmedia.com