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Aton is the manager of a medium-size company. He receives a bonus based on net income of the company each year. In December, he estimates year-end financial figures in anticipation of the bonus he'll receive. If the bonus is not as high as he would like it, he offers several recommendations to the accountant for year-end adjustments. One of his favorite is for the Controller to reduce the estimate of doubtful accounts. What is the effect of Anton's suggestion? Should Anton have this authority? What controls should be in place?
Financial Statement Analysis and Preparation
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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