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Unformatted text preview: part of a job it is expensed. The accountant usually figures how far along a job is percentage wise based on how much inventory is used. Most construction companies also get paid on a draw basis, which means they prepare a sworn statement for the job they want money from and list everyone and everything they are requesting money for. If Sue’s company requests funds on a draw basis for the work completed for the jobs they are working on she should not do as Anne wishes her to do. The company would have records that what Anne is asking Sue to do is not so. Doing as Anne wishes could be considered fraud and cause the company to lose business and money when it is found out that Sue fudged accounting records. Sue should take the matter to the board of directors letting them know what Anne wants done and the consequences of agreeing to take this action and let them deal with Anne Distagne....
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This note was uploaded on 09/06/2010 for the course ACC 225 acc 225 taught by Professor Unknown during the Spring '10 term at University of Phoenix.
- Spring '10