Why do companies need to value their accounts receivable at the end of each accounting period?

Accounting

Provide a summary of the accounting concepts learned through the readings and practice quizzes for this week.

Demonstrate your understanding of the week’s concepts.  The more detailed your write-up documenting your understanding the higher it will be graded.  (See Rubric for details.)

After addressing the above topics, additional topics you can incorporate into your weekly homework assignment:

Why do companies need to value their accounts receivable at the end of each accounting period?

Discuss the differences between the inventory accounting methods (LIFO, FIFO, Weighted Average, Specific Identification).  Do these inventory methods reflect the actual flow of inventory?

What are some of the current liabilities you learned about in this week’s readings.

What topic(s) gave you trouble this week (if any)?/What topic(s) do you feel you were able to grasp?  Post questions in the homework discussion thread!