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Question: you are a young ambitious accountant working for abs corp...

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You are a young ambitious accountant working for ABS Corp. At the end of the financial year shortly after your appointment the president of ABS, who is a friend of your father, instructs you; (a).not to record accrued wage expenses until next year because they wont be paid until thenand; (b) to record in this years sales an order that will not be delivered until next year because the customer placed the order this year. ABS would report a net income instead of a net loss if these instructions were carried out. Using the guidelines provided in our course textbook (extract below) analyze the situati and explain what you would do.
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