An accountant is under pressure to maximise the company's profit at year- end. He is told to record expense payments made in December as if they were actually made the following January. This action would be considered unethical because it is a misrepresentation of actual transactions.

Question

Quizplus · Accepted Answer

Recording expenses in a different period than when they were incurred misrepresents the financial statements, violating ethical accounting standards and principles.

An Accountant Is Under Pressure to Maximise the Company's Profit