In this assignment you will write a memo that explains which of the two methods for recording transactions—
cash-basis and accrual basis
—is better for a new client that your firm will be working with.
It was your supervisor who requested this memo from you. This is what you know about the client (and please use your imagination to fill in blanks): the client is a startup business in the tech field with sudden-growth potential. They are a B2C business that is in the development phase of their product (a software app) but will be releasing a version within the next six months.
Your memo must be convincing—you must draw on authority and make an argument for your answer or conclusion.
Assignment due Sunday 14:00 New York Time