CH.7 Discussion - Cash and Receivables At In this chapter we covered a lot of accounting information. We started with cash and cash equivalents, internal controls, account and notes receivables as well as related financing and valuation issues. For this discussion please respond and provide your perspectives to the following prompts: 1. What are intemal controls and what role do they play within an organization? 2. When considering bad debts of an organization, would type of write off method would you use? As part of your answer, include the rationale (pros \& cons) of using the method you selected