accounting 371

  • 400 words
  • What are the 2 methods that companies implement to adjust the outstanding accounts receivable for the current accounting period? How often is this done?
  • Please provide an example of each in detail.
  • Explain how these methods can impact the financials as a whole, and specifically how they can be misread by an overstatement of accounts receivable dependent upon the users of the information.
  • Please include in your explanation which method you feel would be best for the company, and support your reasoning