MEMORANDUM TO: President Steve Corder‚ Big Oil Company FROM: Accounting Research DATE: August 19‚ 2013 SUBJECT: Client Understanding CC: John Doe‚ Supervisor This memo is issued to offer some understanding on the information requested for the analysis of work papers. The memo will define particular areas of review. The memo will also answer any questions you have concerning the analysis of the work papers regarding adjusting lower cost of market inventory on valuation; capitalizing
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Ratio Analysis Memo Memorandum TO: Chief Executive Officer FROM: Accounting Department DATE: July 23‚ 2015 RE: Financial Statement Analysis and Findings 2008 The following memo will explain the findings of the financial statement analysis for 2008 for Berry’s Bug Blasters as well as offer advice significant decreases in profits or increases in liabilities if they apply. Some quick facts: Liquidity is up for 2008 Current ratio shows we pay assets 5.99 times for every current liability‚ an increase
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Revenue recognition on FASB and IASB convergence process I. CONVERGENCE OF U.S. GAAP AND IFRS Since 2002‚ Financial Accounting Standards Board (FASB) and International Accounting Standards Board’s (IASB) have been working toward “convergence” of US General Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). They have made significant progress in efforts to converge critical accounting standards such as those dealing with revenue recognition‚
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| 2012 | | Frosty Inc. Yada – Sales Manager | [Memo and Purchase Order] | Attached is the memo for a computer upgrade and it purchase‚ also attached is the purchased order for easy refereance | | FROSTY inc. | Memo To: | Sales Director | From: | Sales Manager | cc: | Purchasing Dirctor | Date: | October 12‚ 2012 | Re: | Computer Systems Upgrade and Purchase | | | After being given a $2500.00 budget‚ I have complete my research and have produced a purchase order which
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Memo La Jolla Software Inc. To: Chad Lucas and Joshua Flynn From: Tod Batey Marketing Manager at LaJolla Software‚ Inc. Date: November 12‚ 2014 Ichi Ban Company Visit with La Jolla Dear Chad and Joshua‚ Thank you for the opportunity to assist La Jolla in the preparation for the in-company visit of Ichi Ban. I have prepared the following details regarding the preparation and planning for next week’s visit. Objective of the Ichi Ban Visit: To effectively introduce the Ichi Ban team to La Jolla Software
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The purpose of this memo is to disclose fraudulent reporting I have found in the company’s financial information in relation to product costs. Direct costs of work from private clients are being included in the overhead costs of the company. This increases the total overhead cost that is allocated amongst clients cost of sales‚ including the Defense Department of the government. The company has cost-plus contract with government in building and maintaining roads to military bases. In cost-plus contracts
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standard setting process of FASB and IASB Date: February 10‚ 2011 ____________________________________________________________ ______ Dear Ms.Albright‚ The FASB (Financial Accounting Standards Board) and IASB (International Accounting Standards Board) are making progress towards convergence in setting better accounting standards. However‚ there exist some differences between their standard setting processes. After weighing the pros and cons‚ I suggest that FASB standard setting approach would
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Kayla Johnson Intermediate Financial Accounting I AC321 A Chapter 1: CE 1-1: Describe the main elements of the link labeled “Help‚ FAQ‚ Learning Guide‚ and About the Codification.” The “Help‚ FAQ‚ Learning Guide‚ and About the Codification” link describes how to navigate the website and answers questions about changing or updating your profile. CE 1-2: Describe the procedures for providing feedback. In the bottom right hand of the home page‚ you can select a link that will lead you to a
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Please feel free to contact our hotline with any further questions‚ 1-866-555-STBK. Danielle Realty CPA‚ Starbucks‚ Inc. MEMORANDUM TO: Management FROM: Danielle Realty CPA DATE: July 5‚ 2010 SUBJECT: PR Communication Memo This memo is sent out to concur with the recent press release that was sent out to our stockholders‚ creditors and suppliers with our company. The press release was to communicate to them that our company is still strong with the recent resignation of
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Abstract The aim of this short paper is targeted at broadening general understanding of the impact of accounting for goodwill in the Non-for-Profit environment based on its financial practicability and how a focus on the fair value of goodwill goes to the heart of the value of an Organization. Various amendments and new accounting rules; Enron and WorldCom misfortunes; Ponzi Schemes and other white collar financial frauds have brought about stricter governance and financial statement reporting responsibilities
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