I need to write this letter within 2 hours. Please response fast Assume you are

Question

I need to write this letter within 2 hours. Please response fast

Assume you are a partner in a local CPA firm. One of your clients, George Hamilton, the owner of GHS Corporation, has indicated a desire to report higher net income for his business this year because the company plans to apply for a loan at the bank. In an effort to increase reported net income, Mr. Hamilton told his accounting staff to immediately book some large sales for which contracts have been signed, but the goods will not be manufactured or shipped until after the first of the year. Instructions: Write a formal business letter to Mr. Hamilton explaining your position on his request. Use Chapter 9 of your textbook, Effective Writing: A Handbook for Accountants, for guidelines on content and format. Use proper business letter format, effective organization, and appropriate style. If you need additional information or facts to write your letter, invent them to make your letter complete and persuasive. However, do not alter any of the facts given above. The writing assignments are designed for you to demonstrate your writing ability and not for you to demonstrate your ability to research technical accounting issues. However, I do expect your presentation to be conceptually accurate. The concepts involved are relatively basic to financial accounting and, therefore, should not require in-depth, technical research to develop a response. If you do include research in your letter, be sure to attribute your sources. You do not need to include parenthetical citations, but it must be clear within the body of the letter where your research is coming from.

Explanation / Answer

Subject: Views on the Strategy to increase Net Income of the business.

Dear George,

I believe that the strategy that you are planning to use in order to report higher net income is justified, legal and fair and I think that this strategy may actually work out in favor of your organization to get this loan. As the contracts for the transactions are available it can be used to display in the reports while applying for this loan and will have a strong impact on the loan that the organization needs to apply. It would be better if you have the consent from your customers as well so that discrepancies are avoided in the future.

I hope that I am able to fulfill your requirements regarding the strategy you are using. Please feel free to reach out to me in case of any queries.

Thanks

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