+1(805) 568 7317

question you are the manager controller for an architectural company whose financial 4288117


You are the manager/controller for an architectural company whose financial year-end is on 31 December. As part of the management team, you receive a year-end bonus directly related to the company’s earnings for the year. One of your duties is to review the transactions recorded by the accountants. A new accountant recorded the receipt of R10,000 in cash as an increase in cash and an increase in turnover. The R10,000 is a deposit, and the accountant explains to you that the company plans to provide the services to the client in March of the following year.


a) Did the accountant correctly record the client’s deposit? Explain your answer.

b) What would you do as controller for the company? Do you have a responsibility to do anything to correct the accounts? Explain your answer.


"Order a similar paper and get 15% discount on your first order with us
Use the following coupon

Order Now