having low blood glucose levels without the usual warning signs; have ketones from high blood glucose levels; How Do I Check? After washing your hands, insert a test strip into your meter. Use your lancing device on the side of your fingertip to get a drop of blood. Touch and hold the edge of the test strip to the drop of blood, and wait for the result. Your blood glucose level will appear on the meter's display.
There are two methods to account for bad debt: 1  Direct write off method (Non-GAAP) - a receivable which is not considered collectible is charged directly to the income statement. 2  Allowance method (GAAP) - an estimate is made at the end of each fiscal year of the amount of bad debt.
Companies in the United States operate under the generally accepted accounting principles, or GAAP, which allows for all three methods to be used. Most other countries use the International Financial Reporting Standards, or IFRS, which forbids the use of the LIFO method. GAAP and IFRS also differ on inventory reversal write-downs and costing formulas. While these two systems are different in many ways, they have some similarities for inventory costing.