Question;week 5 diss 1"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.week 5 diss 2"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.
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