Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
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.