Bad debts can complicate the method of accounting as they will make it difficult to know when
Question:
“Bad debts can complicate the method of accounting as they will make it difficult to know when the sale was conducted. A purchase is considered to have happened when there's a transfer of goods, and there's a transfer of money on the opposite hand. Only the removal of the thing in question doesn't mean that purchase went on. The method of accounting for a non-paid sale is different, which forces you to travel through a varied collection and reporting procedures” (Charles & Darwish, “How Bad Debts Accounting Affect Businesses” Sep, 2020, para. 2). Accessible from: How Bad Debts Accounting Affect Businesses | Business Bad Debt Accounting (cdaaudit.com)
You have been appointed as the Chief Accountant for a leading food manufacturer based in Perth, Australia. The company has been in operation since 2014 and has been facing some issues in relation to extensive bad debts. In view of the write off issue, you have been delegated to carry out an in-depth research into how the above can be resolved. As part of your purview, you would need to prepare a research proposal for presentation to the board of directors. It is imperative that the proposal is articulated in an unequivocally professional stature.
Please address each of the 7 requirements below in preparing the research proposal:-
- Details a problem statement for your research proposal.
- From the above problem statement, identify at least two (2) research objectives.
- For the above research objectives, prepare at least three (3) research questions.
- Provide details of the literature review for your research questions.
- Discuss the research design techniques that you would propose for the research project.
- Provide the most appropriate sampling strategy that you may suggest and your justification.
- Discuss the measurement scales that you would utilise in designing the questionnaire for the research