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.
GAAP to STAT Adjustments. All companies keep records of their finances through accounting. However, there are several different methods of accounting that a small business can use. Two of the accounting methods that businesses employ are the Generally Accepted Accounting Principles and the Statutory Accounting Principles. To convert from the GAAP to the STAT method, a business must make certain adjustments to its financial statements.