Accountants have the ability to choose different ways to report accounting information, and this choice can have an impact on the reported financial...

Accountants have the ability to choose different ways to report accounting information, and this choice can have an impact on the reported financial performance and position of an entity. 1. Identify and describe in detail the different methods and/or approaches available when making reporting decisions for: a. Revenue recognition b. Accounting for uncollectible receivables (bad debts, e.g. Direct write-off method, Allowance method, % of sales approach, % of receivables approach, ageing of accounts receivable approach)