MEMORANDUM TO: The CFO of Bessrawl Corporation Implementation of the new accounting standards is a complex process and it requires time and effort‚ however switching to IFRS could be beneficial to your company. In this memo we would like to address the costs and benefits of switching from U.S GAAP to IFRS. We will also analyze the impact that the change would have on Bessrawl’s financial statements. One of the cons of switching to IFRS is the cost and time. The initial cost to convert to
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Catawba Industrial Company Assignment Questions and Memo Instructions 1. Is the company correct in its practice of not manufacturing standard model compressors on Sundays because of the accounting loss incurred on each unit? 2. The compressor department and its manager are evaluated based on profit. Compute the compressor department profit with and without Sunday production. 3. If Marge McPhee decides to manufacture ten light-weight compressors each week and to sell them at a price of
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Business M E M O R A N D U M This memo is to advise you of the best possible ways for you to modify your current manual accounting system to accommodate the expanded business activities for your retail store. Pursuant to our conversation‚ you generally obtain your goods on credit using purchase orders‚ and your sales are primarily cash. You currently keep your manual accounting system using a general journal and a general ledger‚ and you make one summary entry for cash sales at the end of each business
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Memo Evaluation Enrique Jamelo ENG 221 Abstract According to Batten‚ Donna (2010)‚ “Memorandum or memo is an informal record‚ in the form of a brief written note or outline‚ of a particular legal transaction or document for the purpose of aiding the parties in remembering particular points or for future reference.” (Page 41). Memo Evaluation For the week two individual assignments‚ I chose a memo from the University of Phoenix Virtual Organizations’ intranet site which is the Riordan Manufacturing:
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Correspondence: Writing a persuasive memo “Your success as a business person is closely tied to your ability to convince others to accept new ideas‚ change old habits‚ or act on your recommendations.” Writing a persuasive memo will give you the opportunity to practice these skills. Memo You will write a persuasive memo. This time you have an opportunity to choose your topic. You may choose a scenario from the list‚ or you may write a memo you might actually use. Perhaps you are
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Memo Review Carlos Mendoza BCOM/230 February 4‚ 2013 Loressa Copeland Memo Review Knowing your audience is a major role when communicating in a business setting. This translates into employees saying that excellent communication skills are there number one priority. This skill is so highly ranked because communication is the most difficult task of all human interactions. Most speaker’s intent is to make points and does not do it clearly at times. The receiver does not listen or read to understand
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Memo Evaluation The organization of the memo seems to be adequate. The only thing I found a little offsetting was the page number and running header. I almost wanted to see it in a light-grey text on the right side of the page. However‚ it did not throw off the tone of the memo‚ nor did it stray me from its goal too badly. I was able to maintain a constant focus on what the memo was saying. This brings me to clarity. The memo is written in an urgent‚ yet highly formal tone. I feel that it provided
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Accounting Memo Tiffany Toro BCOM/230 June 9‚ 2014 Wayne Moore Accounting Memo This accounting memo was certainly meant to only be seen by peers; the terminology is colloquial and informal. The first problem with the memo is the addressee is not addressed correctly; instead of “Accounting Team Mate”‚ the individual (s) should be addressed by name and title. As well instead of “subject” it should state “re:” The individual should not be addressed again when commencing to develop the actual
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the length. The memo will be written in a casual or informal language when the length is short. A professional or formal language is written when the memo length is long (Flatley‚ Lesikar‚ & Rentz‚ p. 96‚ 2008). The main thing to keep in mind‚ when writing and formatting a memo‚ is the audience. The writer knowing the audience will help with what information to keep or remove‚ whether the memo will be formal or informal‚ and word choice. Memoradum Review An informal memo‚ typically‚ is between
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Memo To: William Nubern‚ Chief Executive Officer for the Garden Equity Group From: Jacob Sumble Date: [ 4/28/2013 ] Re: General Mills Evaluation Message GIS faces a large amount of exposure from changes within the corn and oil commodities market. GIS uses a large amount of corn to process and create their products‚ but the market for corn is evolving. Corn is now used to: feed livestock‚ produce ethanol‚ feed the world’s growing population‚ and create corn based synthetics. As the
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