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MEMO To: Financial Accounting Students From: Non Accounting Professional (COO, CEO) Date: February 20, 2018 Subject: Project #1 Assignment-Two Accounting Principles and Accrual Accounting Please

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MEMO To: Financial Accounting Students From: Non Accounting Professional (COO, CEO) Date: February 20, 2018 Subject: Project #1 Assignment-Two Accounting Principles and Accrual Accounting Please create a memo (in proper memo format) that explains "The Revenue Recognition Principle" and "The Matching Principle". You should use definitions to explain each principle and show examples of where and when each principle is used. (Hint: Use of the accounting equation with dollar amounts that will explain these concepts.) Also, explain accrual accounting and how it interacts with "Revenue Recognition" and "The Matching Principle". You are explaining these concepts to a non accounting professional (i.e.-the CEO or COO) A one page memo will be sufficient. Must be typed or printed from a computer. The proper memo format is shown here. Memo is due March 6, 2018

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