Posted: February 26th, 2022
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You are the financial officer of a company. At year end, the president instructs you, the financial officer, not to record accrued expenses until next year because they will not be paid until then. The president also directs yo to record in current year sales a purchase order from a customer who requires merchandise to be delivered two weeks after year.end. Your company would report a net income instead of a net loss if you follow these instructions.
What do you do? Is it a big deal? Back up your answer with Scripture.
Your answer should be in complete sentences and written in collegiate level prose. Any quotations must be properly cited.
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