Question;Valuation of Accounts Receivables" Please respond to the following;Discuss the primary advantages and disadvantages of applying the;direct write-off and the allowance method of writing off accounts. Even;though the direct write-off method is not acceptable for generally;accepted accounting principles (GAAP) reporting, take a position on;whether or not estimating the allowance for doubtful accounts distorts;gross income. Propose an alternative method to increase the accuracy of;reporting. Explain your rationale.Identify at least three (3) risk factors inherent in estimating the;amount of customer write-offs. Explain the procedural steps in which;accountants or auditors would follow to identify where material;misstatement of receivables and associated gross income has occurred.;Explain your rationale."Financial Performance" Please respond to the following;Identify at least three (3) ratios that could be manipulated to;mislead investors and creditors regarding the company?s financial;condition. Examine the motivation of management to manipulate the ratios;identified.*From the e-Activity, putting yourself in the role of an investor or;creditor, suggest the ratios that you believe would provide you with;the most important information needed to make accurate predictions about;the company?s financial condition. Provide a rationale for your;response.
Paper#38434 | Written in 18-Jul-2015Price : $22