Client Understanding Paper Dion Bascom ACC541 August 19‚ 2013 Professor Corder Client Understanding Paper The information my organization request is important for us to better understand how the adjustment of the information on inventory valuation‚ interest capitalization‚ recording gain or loss on asset disposal and goodwill impairment are done. It is important for us to understand the accounting procedures being used so we can identify this information and determine if compliance
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Client Understanding Paper ACC/541 April 01‚ 2013 Abstract As a newly hired Staff I there will be a responsibility to analyze the work papers for the organization’s clients. In this situation a client is not clear about why a Staff I is asking for information on adjusting lower of cost or market inventory valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal‚ and adjusting goodwill for impairment and requires explanations on these topics. An explanation
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Client Understanding Paper When accounting professionals work with clients outside the profession‚ there is a lessened understanding of the rules and regulations required by the Financial Accounting Standards Board (FASB). Clients will ask questions when they do not understand the reasoning behind the information needed. Adjusting costs‚ determining capitalization‚ asset disposal‚ and goodwill are often harder to understand concepts in accounting and the accountant needs to be able to explain
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managing task in the work place is a very essential job function of an organization. There will be time were employees does not understand the importance of information on various topics. As a Staff employee‚ there must be precise communication with clients regarding topics that include adjusting lowering cost of market inventory on valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal and adjusting goodwill for impairment. Market Inventory There are
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Client Understanding Paper Client: The ADT Corporation I thank you for the opportunity to work with The ADT Corporation on this important project. As I was analyzing the papers provided‚ I realized that additional information is requested by your representatives. It was brought to my attention that ADT and its affiliates are unclear about why the additional information was requested on the adjusting lower cost of market inventory on valuation‚ the capitalizing interest on building construction
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Dear Client‚ It has come to my attention that you have some questions about the information I have asked for. It is my intention in this letter to explain why I have asked for the information in question. I will outline adjusting lower cost or market inventory on valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal‚ and adjusting good will for impairment. Adjusting lower cost or market inventory on valuation When a company purchases
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Client Understanding Destiny Perrin ACC/542 August 13‚ 2012 Mark Taylor It is our understanding that there are a few questions why further information is needed after the review of the data submitted. As part of our mission statement we ensure that all our clients’ financial data follows appropriate guidelines to ensure wellness of your company as well as investors. The first issue to be addressed is the decision to switch to lower of cost or market value method (LCM). It is understood
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Client Paper BSHS/305 Tricia Henderson Every human faces different types of problems. A human service professional must understand the characteristics and specialty of each specific problems of their client. As a professional working in the field of Human Services‚ having specific helping skills are vital to the effectiveness of the services as well as the goals
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Client Paper 2 When we are in the human service profession we meet many clients with many needs that have to have our help. These needs can range from abuse‚ alcohol‚ drugs‚ personal‚ mental and physical dysfunction. You can also come across a large range or family issues that can lead to many harder issues to deal with. When you work with such clients you have to gain their trust to maintain they get the help and services they need to be able to move on with their goals. As human services workers
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has many problems today meeting the needs of clients. Helping clients where issues has occurred such substance abuse‚ personal loss‚ mental or physical illness‚ or family problems is becoming harder to do without the trust of the client. Human Service Professionals have to work as a unit to make sure we meet the needs of every client; no one person can meet the needs of a client. We need assemble a care plan system that
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