This is the second in a series of articles designed to help academics refocus the introductory accounting course on the theoretical underpinnings of accounting. Intended as a supplement for the principles course, this article connects the asset Accounts Receivable to the essential theoretical constructs, discusses the inherent tradeoffs and measurement dilemmas involved, describes newsworthy examples of "beyond-GAAP accounting," and offers a brief bibliography for further investigation should students or professors choose to research this element in more depth. (Contains 6 footnotes.) [For Part I, see EJ899403.]