On January 20, 2017, Tamira Nelson, the accountant for Picton Enterprises, is feeling stress to complete the annual financial statements. The company president has acknowledged he needs up-to-date financial statements to share with the monetary establishment on January 21 at a dinner meeting that has been often known as to debate Picton’s buying mortgage financing for a specific developing mission. Tamira is conscious of that she will not be capable of assemble the entire wished information inside the subsequent 24 hours to rearrange all of the set of adjusting entries. These entries needs to be posted sooner than the financial statements exactly portray the company’s effectivity and financial place for the fiscal interval ended December 31, 2016. Tamira ultimately decides to estimate quite a lot of expense accruals on the ultimate minute. When deciding on estimates for the payments, she makes use of low estimates on account of she does not want to make the financial statements look worse than they’re. Tamira finishes the financial statements sooner than the deadline and gives them to the president with out mentioning that quite a lot of account balances are estimates that she equipped.
Decide quite a lot of applications of movement that Tamira might need taken as a substitute of the one she took.
For individuals who had been in Tamira’s situation, what would you might have executed? Briefly justify your respon
se.-research paper writing service