Q1. Sarbanes Oxley is an added cost to any organization which has to comply with the regulation, yet gives investors more confidence in financial details. Compare the costs to the benefits to determine whether you are for or against this legislation. State your reasons with your answer.
Q1. Assume that you work as an accounting manager and notice that the number of bad debt has increased significantly over the past year. Discuss what factors might be yielding this result and how you would address the problem.
Q2. Pick any business and with this specific business in mind, discuss some possible "early warning signs" to indicate that this business needs to review its bad debt holdings.