Preview

Accounting Memo

Satisfactory Essays
Open Document
Open Document
379 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting Memo
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 memo.
A shorter memo should have been developed instead of providing defintions and examples of things that were needed. If a meeting was going to happen in regards to the memo, the task at hand is the only thing that should be discussed. Once the meeting occurred examples and other information could be provided to all those in attendance. As well the memo should not start off with “We need to get together later on this week” but instead it should be clear the date, time and location for the meeting. A brief description of what is needed and who needs it is necessary but the reason for the task is not needed; if the memo comes across the wrong hands unnecessary information can be passed on to staff that do not need to be aware of the situation at time. In this situation the company may be experiencing some financial issues and seeing this memo can cause unnecessary panic among staff if seen by the wrong individual. If a brief description is provided all addressees can work on getting the information together to present at the meeting.
The last three paragraphs are unnecessary in memo form because those are things to discuss at a meeting. Let the individuals get their brains working and come up with reasons either side should be chosen. In the meeting you can discuss the repercussions of choosing either and how choosing either will affect the company. In the meeting you can as well discuss what other companies have used each choice and how their choice

You May Also Find These Documents Helpful

  • Powerful Essays

    Sarbanes Oxley Memo

    • 1426 Words
    • 6 Pages

    History of SOX - the Sarbanes-Oxley Act of 2002 is legislation in response to the high profile financial scandals, such as seen with Enron and WorldCom. The purpose of this act is to protect shareholders and the general public from accounting errors and fraudulent business practices. The Sarbanes-Oxley Act introduced stringent new rules to protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws. Sarbanes-Oxley is not a set of business practices and does not specify how a business should store records; rather, Sarbanes-Oxley defines which records are to be stored and for how long.…

    • 1426 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Task: Prepare a business memo from yourself (as the accountant for Success Systems) to A. Lopez, the owner analyzing the financial statements you prepared earlier in the semester. Throughout, you are required to use correct accounting terminology in your analysis as though you, the knowledgeable accountant for Success Systems, are presenting this information to A. Lopez, an owner who does not have a financial background.…

    • 445 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    We need to get together later this week—boss has requested we give her an overview of Last In/First Out (LIFO) versus First In/First Out (FIFO) as it might apply to our company. She needs the background info to present to our president and the board late this month. This is to help management make the decision of which inventory valuation method the company should used.…

    • 384 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    Collier, P.M. (2006) ‘Accounting For Managers: Interpreting Accounting Information for Decision-making’ 2nd Edit, John Wiley 7 Sons Ltd, England.…

    • 3119 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    It is with great pleasure to report Carpino Company’s financial results in our first year of business. The purpose of this memo is to clarify the attached Statement of Cash Flows and provide a brief synapsis of this year’s results.…

    • 443 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    When an individual starts a business understanding financial statements are vital to tracking the company profits and losses. The company decisions are often decided by the figures and statistics. The figures are recorded and compared at a later date. Accounting knowledge is the core of the business and every aspect of a growing company depends heavenly on understanding the basic concept of debits and credits. Companies often develop departments that handle a large in flow of activity. The department keeps track of how well the business is performing and should be well staff with enough employees to fits the demands the company. When making certain that the business financial operation is running smoothly knowledge of the difference between current and noncurrent asset should be explored. The organization must also understand the order of liquidity and how it applies to the balance sheet.…

    • 727 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Memo Accounting 387 Isu

    • 475 Words
    • 2 Pages

    As a current student of your Accounting 387 course I can agree with the implications of concern with exams and also agree that often exams do not necessarily reflect students abilities due to the time constraints as well as the stress and pressure that students are under during examination time. I feel that a take home exam is better assessment to evaluate student’s capabilities and knowledge of the subject but I would find it nieve of you to believe that classmates wouldn’t assist one another in completing the exam. I can honestly say that if faced with difficultly I completing my take home exam and my final grade depended heavily a pond it I would definitely consult with other classmates to get it done.…

    • 475 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Memo

    • 302 Words
    • 2 Pages

    In conclusion there were fifty one abnormalities found and spoken of for the 2007 Revenue Cycle. Out of the fifty one transactions thirty one of them were found without credit approval. A total of 11.5 percent in the total sales had been in delinquent states for thirty days before it was actually collected. Then you also have the accounts receivable state on nine days past due with an amount over fourteen thousand dollars. In order for the receivables cycle to show improvement the sales order credit approval and the compliance process needs to show a more detailed process improvement.…

    • 302 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Note: When contacting me by email, please include the course number and section in the subject line.…

    • 3459 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Office Memo

    • 1585 Words
    • 7 Pages

    In the Office Memo, you will need to discuss the facts in the client's situation. In this section, you simply state the pertinent facts in an organized manner. The facts should be separated into paragraphs based upon topic.…

    • 1585 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    It is recognized that this organization is plagued with breakdowns in communication such as misdirected orders, offending letters, and poorly written statements. In this regard, a new policy is hereby issued. All employees who are directly involved with communication are enjoined to comply to this policy as stated hereunder. It is imperative to remember that good thinking is good communication.…

    • 283 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Memo Review

    • 958 Words
    • 4 Pages

    The information of a memo is important because it tells the audience the reason for writing the memo. Memorandums can have information that does not apply to the message. For instance, Andrew had information about Macy’s winning the test case against the United States right to use LIFO. This information is not necessary because it does not apply to the company. A memo with information overload can cause the audience to lose their attention, and it has the potential of letting the audience know that they have no knowledge of the subject.…

    • 958 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Discussion

    • 2337 Words
    • 10 Pages

    "Hocus-Pocus Accounting" by Douglas R. Carmichael, Journal of Accountancy, October 1999; Vol. 188, Iss. 4; pg. 59, 5 pgs…

    • 2337 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Memo

    • 408 Words
    • 2 Pages

    1. Lou Zar's action regarding to sewing a replica of the U.S. flag to cover the backside/seat of his uniform pants was not unconstitutional. There needs to be compelling reason to restrict Lou from wearing that uniform that caused negative emotion. It would be unconstitutional if the government restricted Zar from wearing his uniform without a compelling reason. The government cannot prove that Zar's intentions were to commit or threaten any act of violence through his speech. It is true that Zar's action caused other people to get angry at the message he was trying to send and caused violence against him. But, Zar had every right to express his message by wearing his uniform. Also, there was no evidence the people are provoked by the uniform…

    • 408 Words
    • 2 Pages
    Good Essays
  • Good Essays

    memo

    • 2292 Words
    • 7 Pages

    Military veterans stood up for our country and are not recognized enough for their dedication. There are many programs dedicated to providing assistance to veterans but not many ways to reward them for their devoted service to their country. Many veterans have been affected due to combat and some need help transitioning from military life to a civilian. As the director of for a military veterans foundation I must raise money to create a fallen heroes monument.…

    • 2292 Words
    • 7 Pages
    Good Essays