choose a suitable company with sufficient disclosures and write a business report to address the following TWO questions.

Question:

By reference to the annual reports of your selected company, review for the last TWO years the changes in the accounts (trade) receivable and receivables related disclosures in your selected company during this period.

(Hints: your review may include the following components):

- types of receivables;

- causes of changes in the account (trade) receivable and receivables related disclosures;

- the impact of the changes on the statement of profit or loss;

- basis of estimation of allowance for bad debts;

- etc.

You are required to conduct research (i.e. reviewing relevant academic and professional journals, and/or texts) to discuss factors that accountants should consider when setting up accounting policy (e.g. management of receivables, estimation of allowance for bad debts, uncollectible accounts to write off, etc) relating to receivables for the entities they work for. You may consider a range of factors including internal, industry, and/or the state of the economy, etc.

Note: Ensure you choose a company with sufficient receivables and receivables related (e.g bad debts expense, allowance for doubtful debts, revenue) disclosures.