ACC 291T Wk 4 Discussion – Ethics

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ACC 291T Wk 4 Discussion - Ethics
ACC 291T Wk 4 Discussion – Ethics
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ACC 291T Wk 4 Discussion – Ethics

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Day 3

Historically, your company has calculated bad debts using an aging of accounts receivable. Near the end of the fiscal year, the company is in a cash crunch and needs to borrow money from the bank, using accounts receivable as collateral. The owner of the company knows that many of the accounts receivable are more than 90 days past due, resulting in net receivables equal to only 80% of total receivables.

Respond to the following in a minimum of 175 words:

  • The owner asks you to change the method of estimating bad debts to a flat 3% of receivables. What should you do?

Due Day 7

Reply to at least 2 of your classmates. Be constructive and professional in your responses.