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Running head: RECOGNITION POSITION PAPER Recognition Position Paper M & M Group Meri Melvin, Regeana Phillips, Jane Shea, Danyell Singleton University of Phoenix Accounting for Managerial Decision Making ACC 539 Jerry Udoh Jul 25, 2005 Recognition Position Paper No matter what a person does, be it an entrepreneur, a manager, or a clerk, accounting has an impact on his/her life. Many do not think of balancing a home checking account as a form of accounting, but it is. Not all people are skilled in accounting methods, however. When faced with making business decisions, a savvy business person will call upon others with expertise that is different from their own. Our M & M consulting firm is just such an entity. As consultants to the CEO of a manufacturing firm, we have been tasked with making recommendations regarding recognition of revenues and expenses. In addition to the recommendations, we also will give reasons why we have or...

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