You work as an accountant for an architectural company that desperately needs additional financing to continue in business. Your companyâs…
You work as an accountant for an architectural company that desperately needs additional financing to continue in business. Your company’s president is meeting with the manager of a local bank at the end of the month to try to obtain this financing. The president has approached you with to discuss how to improve the company’s reported financial position.
1. The company just signed a huge contract to design a retail mall for a customer, with the design work starting next month. The president would like to record half of the design service revenue before the end of the month. In no more than 200 words, explain what you plan to do and why?
