In $2002$ the SEC investigated Microsoft's accounting practices that occurred during the late $1990$s$.$ The Commission found that Microsoft typically reported budgeted marketing expenses in its interim reports. At year$$end$,$ Microsoft reported actual marketing expenses in its annual report.

Team Debate:

Team $1$: Argue in favor of Microsoft's interim reporting practices. Use the integral view of interim reporting to support your argument.

Team $2$: Argue against Microsoft's interim reporting practices. Use the discrete view of interim financial reporting to support your argument.