Discussion Post
The use of estimates is a normal part of the accrual accounting process. Discuss two or three estimates used by accountants on a regular basis (for example, depreciation). With the core values of responsible stewardship and integrity in mind, discuss how management may misuse these estimates. Why would they do so? Discuss procedures and activities that can be put in place to dissuade management from engaging in such untoward behavior.
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.