DISCUSSION: "Accounts Receivable Management"
Please respond to the following:
• Examine the five steps to managing accounts receivable. Speculate on the step that is most vulnerable to fraud. Suggest at least two actions that a company can take in order to protect this step from fraud.
• Imagine that your company has tasked you with developing a plan for factoring accounts receivables. Create one scenario that demonstrates the key benefits and / or detriments to your company from factoring accounts receivable.