Instruction
1.) What is the purpose of the Conceptual Framework?
2.) Discuss accrual accounting & matching (in detail).
3.) Explain how the ADA and Bad Debt work, including a discussion on how they interact with sales, collections, write-offs, estimations, etc. (Include Matching)
4.) Explain how COGS is derived (different methods and reasons companies would choose each) and how it relates to Matching.
5.) Explain how Depreciation/Amortization/Depletion are derived and how they relate to Matching.