Extra days of revenue

Assignment Help Financial Accounting
Reference no: EM13924294

The owner of Wheat country bakery 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 extra days of revenue," he says. What do you say to this client? How do you explain why this is not a good thing to do and what the laws are in retrospect to it.

Reference no: EM13924294

Questions Cloud

Part of the communication model : In which of the following communication activities do people spend the greatest percent of their day?
What is fogler''s projected average receivables level : What is the firm's projected days sales outstanding (DSO)?
What type of hypothesis test is needed : What type of hypothesis test is needed? What distribution should be used? Why?
Theory and model of a program or intervention : Theory and model of a program or intervention, including identification of the key variables and relationships. Prepare assignment in the form of a memo (with attachments) to a funder or decision maker with an interest in the program and a commitm..
Extra days of revenue : The owner of Wheat country bakery 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 extra days of revenue..
What is your expectation of the market p-e ratio : What is the expected growth rate? What is your expectation of the market P/E ratio? What will be the value for the market index if the expectation is for earnings per share of $95?
Communicating with classmates, coworkers : This happens when you receive, construct meaning from, and respond to the sender's message.
Bertha estimated that warranty : At the time of sale, Bertha estimated that warranty claims would amount to 7% of sales. During the year, she replaced defective merchandise for $6,000
List the range of normal vlan : List the range of Normal VLANs. What VLANs are reserved in that range? List the Extended VLAN range. What, if any, VLANs are reserved in that range?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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