Case study for healthcare accounting.

Your organization has a fiscal year that ends Dec. 31 . You are responsible for the accounting that includes overseeing the administration of contracts with consumers to perform services. The contracts are usually signed Dec. 1 and are a year in length. Accounting principles require your organization to record the revenue for the contract for one month only, the month of December. The remainder of the revenue is recognized on next years financial statements. However, management instructs you to record the entire amount of the contract in December to boost revenues for the current year end. You know that management will receive a bonus for the boosted revenue and you are likely to receive recognition for doing this in an upcoming performance review.

How do you handle this situation?