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Running head: POSITIVE NET INCOME AND CASH SHORTFALL
BizCon Positive Net income and Cash Shortfall
Student’s Name
Institutional Affiliation
1
POSITIVE NET INCOME AND CASH SHORTFALL
To:
The Management, BizCon Consulting
CC:
Chief Financial Officer
2
From: Senior Accountant
Date: 23/4/2017
Subject: Delayed Wage Payment
Worth a note, because of various accounting aspects embraced by the company, all employees
will have delayed payment for this month's salaries due to a cash shortfall. However, all the
salaries and dues will be paid by end of the first week in the coming year. This is despite the
company announcing an explosive sales growth in the first year of the operation as well as
reporting a favorable net income.
Cash and Accrual Concept in Accounting
The cash and accrual concepts in accounting affect an income statement differently, for instance,
the cash method of accounting requires that a revenue is accounted upon payment and cash or
chec...