Formulate a memorandum to your supervisor

Assignment Help Accounting Basics

Reference no: EM132746470

Question: Overview: It is important to develop your ability to identify ethical behaviors when relating to filing income tax returns. While it is important to be an advocate for your client, you must be careful not to engage in unethical behavior by preparing a tax return that you know contains inaccuracies or fraudulent information.

Instructions: 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 extra days of revenue," she says.Sorena Company is a client of Accounting Services, Inc. You work for Accounting Services, I'm your supervisor and I've asked you to research this issue and give me your opinion and recommendations. You can assume I have knowledge of the subject area.

1. Review your eText, Accounting Periods and Methods and Tax Guide for Small Business

2. Based on your review, formulate a memorandum to your supervisor that explains the relevant tax code as well as provides your interpretation and recommendations.

3. Identify any resources (web addresses) you used to formulate your opinion in the body of the memorandum (not in a separate References page)

Reference no: EM132746470

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