Purpose of Assignment
This week’s activity illustrates the role a company’s accounting method plays in financial statement reporting. In this assignment students evaluate the events occurring in a business setting and determine how to properly analyze those events to identify the impact on both cash and accrual accounting methods.
Assignment Steps
As the senior accountant the Chief Financial Officer has asked you to prepare a memo to be sent to management notifying them of the delayed wage payments.
Preparethe memo in a maximum 700 words including the following information to better outline the situation:
Formatyour assignment consistent with APA guidelines.