Please remember to use complete scholarly references with your post. $150$ to $250$ words.

If you are responding to DQ#$1,$ review the requirements for revenue recognition.$$ What are the requirements to report revenue?$$ Is Bill's proposed action meeting them?$$ How could his action affect the financial statements of the following year?

ACME Company sells computer components and plans on borrowing some money to expand. After reading a lot about earnings management, Bill, the owner of ACME, has decided he should try to accelerate some sales to improve his financial statement ratios. He has called his best customers and asked them to make their usual January purchases by December $31.$ Bill told the customers he would allow them, until the end of February, to pay for the purchases, just as if they had made their purchases in January.

Explain if you think there are ethical implications of Bill$$s actions.

Which ratios will be affected, and how, by accelerating these sales?