Simple and Compound Interest Compared
What are the differences between simple interest and compound interest? Which type of interest would you prefer to receive as an investor? Why?
Topic: Time Value of Money
How does the time value of money have an effect on the role of an accountant? What are the key items that an accountant must understand around present and future value concepts, annuities, and compound interest?
Topic: Collection of Write-Offs
There are two methods for writing off uncollectible accounts which include the direct write-off method and allowance method.
1.Which method is most commonly utilized and what is the process for writing these accounts off under each method?2.Explain the entries that are made to record payment of an account that has previously been written-off?
