So I have this project that I need to create a financial statement and write a memo to Don .
Suggested Word Count: 1000
Accepted File Types: .doc, .docx, .odt, .rtf, .txt, .pdf
- Read the Project resource titled “Dr. Fiddle’s Records” to familiarize yourself with all of the records included in the disorganized file folder. Using the completed “Key Accounting Principles and Terms Document” as your guide, determine which records should or should not be included in the practice’s financial statements (the income statement and balance sheet) for the period January 1, 2013 – December 31, 2014. Be sure to note which accounting principle(s) or concept(s) caused you to make that determination.
- Once you have determined which records should and should not be in the financial statements and have outlined your rationale for the decision about each record, write a memo to Don that explains which records should be included and which records should not be included in a financial statement. For each individual record, also reference the principle or concept that supports your recommendation. As you write this memo, be sure to use your own words.