Please prepare the accounting memo. All requirements are in the file.

Accounting Memo Guidelines: Your advice/position should be documented in a written memorandum (memo) to be included in the workpaper file. You can organize the memo in any way you feel best presents the issue. A typical outline for such advice is found below. For purposes of this project the paper should be at least 1.5 pages and cannot exceed 2 pages. I. II. III. IV. V. Facts/Background (State the relevant facts surrounding the issue. Can include facts relevant to the company, the industry, the transaction, the accounting issue. A picture may be helpful.) Question/Issue(s) (Lay out the researchable questions you are trying to answer. Address: What are we trying to resolve?) Analysis (Provide all authoritative accounting literature applicable to the issue and relevant industry practices based on reading competitors' 10Ks. Include an analysis in your own words of how the guidance applies to your fact pattern. Address confirming (supporting) information and disconfirming information. Highlight any assumptions used in your advice so that the reader is aware that the accounting is conditional on certain facts. Discuss the issues of materiality, if relevant.) Conclusion (State your conclusion based on your research findings. Provide additional discussion for highly judgmental issues.) Financial Statement and Disclosure Impacts (Summarize the financial statement accounts affected and any disclosures required. Include journal entries that will be needed to record the transaction, if any. Address: What accounting treatment should be applied?) Your ultimate goal with the issues memo is to create a \"one-stop shop\" for knowledge about this transaction and its accounting. A reader, after reviewing your memo, should not have to do additional research to fully understand the background or the support for the accounting conclusion. Assignment Scoring Quality of writing (ability to communicate effectively) Research (ability to find, understand, and apply GAAP) of accounting advice (logical and complete) Quality Presentation (neatness and organization) Correct answer Total points possible Point s 10 10 10 10 10 50 Research Tool Please utilize the Financial Accounting Standards Board Codification of accounting standards to conduct your research. It can be accessed through this link. http://www2.aaahq.org/ascLogin.cfm Student username: AAA52494 Student password: P4Cnn7T Assignment Content Situation: You have just graduated and you are now working for an international CPA firm. After finishing a grueling auditing course and coming off the natural high of the recruiting/internshipew hire process, you are ready to get started in a career in public accounting. Accounting Issue: Your new client is in the cable television industry. As part of the audit, you have been asked to research whether the client can recognize revenue (under the currently effective revenue guidance) immediately for hookup services provided to new customers. Assume that the client's hookup revenues generally approximate $75 per customer, and the related direct selling costs amount to approximately $10 per customer. Assume also that the average subscription period for this cable provider is 2 years. Draft a memo to provide to your partner. Your audit partner has made it clear that you only have a 6 hour budget and the memo needs to be provided to her no later than noon on June 9, 2017 so she can review it make sure it's ready for discussion with the client shortly thereafter