Discuss revenue accounts at the end of the fiscal year

Assignment Help Accounting Basics
Reference no: EM131760771

Write a one to two page memorandum on the following ethics issue: The owner of Sorena Company has asked your firm not to close the revenue accounts at the end of the fiscal year. "Our year - end income statement will look a lot better if we can fatten up those revenue figures with a couple e xtra days of revenue," she says. Sorena Company is a client of Accounting Services, Inc. You work for Accounting Services. I'm your supervisor and have asked you to research this issue and to give me your opinion and recommendations. You can assume I have knowledge of the subject area. This is a business m emo and you will not reference the instructor, student, any textbook, or assignment. Keep this memo in a business context. Make sure to list the references (web addresses) you used to form your opinion. The reference needs to be within the memo not listed at the end of the memo. The following resources may help you research the subject:

A ccounting Periods and Methods

Tax Guide for Small Businesses

Reference no: EM131760771

Questions Cloud

Discuss five operations management strategic decisions : Discuss five operations management strategic decisions that led Starbucks to generate great success in the market according to the given case.
Explore the ideas or details that become more apparent : What emerges from silence? Write a poem in which you explore the ideas or details that become more apparent within or after silence.
New selection criteria : Why is it important to promote a sample of names not meeting the selection criteria when rolling out with a new selection criteria?
What is the incremental after-tax net income : Vandelay Industries uses full absorption for both book and tax purposes. What is the incremental after-tax net income for the business line
Discuss revenue accounts at the end of the fiscal year : The owner of Sorena Company has asked your firm not to close the revenue accounts at the end of the fiscal year
Estimate the average diameter of pipes : The Ledd Pipe Company has received a large shipment of pipes, and a quality control inspector wishes to estimate the average diameter of these pipes.
Point estimate of the corresponding population proportion : a. What is the point estimate of the corresponding population proportion?
How would you classify your personality : For this assignment you will apply what you have learned about personality theories to your own personality development-How would you classify your personality
Calculate the total dividends and the per-share dividends : Calculate the total dividends and the per-share dividends declared on each class of stock

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd