Memo Review

Occasionally a person working with a department at a friendship is required to pass on entropy to an otherwise department or a supervisor. Because the executive evil president has requested information on neckcloth ratings, it is necessary to halt this memorandumranda professional and accurate. The use of information must be explained to the company officers so it should be considered that they argon non awargon of the argot employ by accountants. Summarized below are the changes in the interoffice memo relating to accounting system jargoon and abbreviations.Also included is the requested information on offset printing In First Out (FIFO) and Last In First Out (LIFO) system, but this depicted object is changed for easier understanding. When revising the memo it is changed from casual to professional and formal. In this parapraxis the memo in question is concerning the FIFO and LIFO methods and the effects of the methods on the company. This requires explaining fo r each one(prenominal) valuation method in terms of the profit and loss on the income education and the Cost of Goods Sold (COGS).This needs to be detailed with appear creation condescending. The extreme paragraph close the lawsuit by Macys is not necessary to include since this information does not affect the retail intentnesss enrolment valuations methods. The accounting cant of elastic pricing and an inflationary economic clock time needs to be changed to professional wording. In the case of elastic pricing, it would be appropriate to state that the companys prices are flexible because of the industry demands, so the stock-taking methods need to reflect this to retain a profit.Inflationary economic time send word be explained as culmination into a period of inflation. These two changes will advise the senior officers what is all important(predicate) to consider without adding unnecessary information The last part of the memo that must be stressed is the law that state no calculate which inventory valuation the company decides to use it must continue to use this method for the complete accounting cycle.An accompanying recommendation based on the preceding(prenominal) financial statement could be added to help with this process or an history on how each inventory method would affect the companys profit would be important. Upon completing the review of the interoffice memo an employee will oft find there must be changes made before it can be sent on to the intended recipient. This will require eliminating interoffice jargon and abbreviations. The memo must meet the requirements of the demand of information and the station of the person receiving it.Business communication can be formal or casual depending on the relationship of the people interacting and the final destination of each communication. This is important to flirt with when composing any business communication.References Leisker, R. V. , Flatley, M. E. , & Rentz, K. (2008). Business communication Making connections in a digital world (11th ed. ). Boston, MA McGraw-Hill. University of Phoenix Online. (2010). Business communication theory for Accountants. University of Phoenix Accounting Memo.Memo ReviewMemo Review XBCOM/230 Whenever an person is doing work for a division of an organization, it is important to transmit information to other divisions and the supervisors. The executive vice president wanted information on investment company values therefore the memo should have been professional and correct. The data in the memo should have a description to the organizational officials. The use of jargon in a memo is not professional. Jargon, rubber stamp, and cliches are vulgar for accountants to use when they are interacting with other accountants.Rubber stamps convey the result of usual treatment, marvelous to win over readers positively. This kind of treatment inform readers that the author does not have particular concern for them, and the current case is dealt with in the identical manner as others (Rentz, Flatley, & Lentz, 2011). Summarized under are the modifications in the interoffice memo pertaining to the accounting jargon and abbreviations. The interoffice memo requested that we provide a review of last in/first out (LIFO) against first in/first out (FIFO).The memo alters from casual to official while revising the data. In this instance, the memo is about the FIFO and LIFO techniques and the outcomes of the techniques of the organization. Description is needed for each valuation technique with regard to the profit and loss on the income statement as wellspring as the cost of goods sold (COGS). The final part regarding the jural action by Macys is not required to incorporate since this information has no effect on the retail industrys inventory valuation techniques.The accounting jargon of elastic pricing as well as an inflationary economic time alters to professional phrasing. In the matter of elastic pricing, it will be su itable to say that the companys rates are flexible within the industry requirements. Thus, the inventory techniques must reflect this to keep a profit. As give wayting into a time the rising cost of living, inflationary economic times have a description. Both of these modifications will suggest the senior officials what is important to think about without adding useless information.The final portion of the memo should stress the regulation disregarding of what inventory valuation the organization determines to use it should carry on apply this technique for the whole accounting cycle. An associated suggestion, depending on the last fiscal statement adds this to assist with this process or a reason of how each inventory technique would impact the companys profit would be essential. after(prenominal) doing the overview of the interoffice memo, a worker will frequently find there are modifications made prior to delivery to the supposed receiver.Proofreading and editing is essential to get rid of interoffice jargon and abbreviations. The memo should meet the requirements needed information and the billet of the individual receiving it. Business communication can be official or casual based on the relationship of the individuals communicating, and the ultimate location of each communication. This is important to keep in mind when crafting any business communication. References Rentz, K. , Flatley, M. E. , & Lentz, P. (2011). Lesikars business communication Connecting in A digital world (12th ed. ). Boston, Ma McGraw-Hill.