You are an accountant at a business with 1 0 0 employees because of Covid. The company
Fantastic news! We've Found the answer you've been seeking!
Question:
You are an accountant at a business with employees because of Covid. The company has been under a lot of pressure recently, and everyone knows that it is important for the future of the business that the annual report financial statements show a healthy financial performance.The CEO approaches you and tells you that you should leave a large bill off this year's report and include it in next year.The report goes out days before the end of the quarter so it's only moving the bill back by a couple of weeks.The CEO informs you that a poor financial outlook could threaten jobs at the company, including your own.
Which accounting principles does this violate if any?
what are the pros and cons of doing what the CEO asks?
what should you do
Posted Date: