The Institute of Managerial Accountants (IMA) has developed a set of standards to be followed when faced with Ethical challenges. Your company has shown a weak financial condition and in order to ensure they can receive a large contract, you have been asked to record two orders, and bill the customer in December, even though the order will not be shipped until in January.

1. Using the IMA standards, explain the ethical areas which are being violated.
2. Explain the accounting principle(s) which are being violated.
3. Explain how you could resolve this issue ethically.