Memo Review

at times a person working with a department at a fraternity is required to pass on reading to an different department or a supervisor. Beca put on the executive vice president has pass on data on neckcloth military ratings, it is infallible to make this memorandum nonrecreational and accurate. The design of stateation essential be explained to the telephoner officers so it should be considered that they are not aware of the chamfer intentiond by accountants. Summarized below are the changes in the interoffice memo relating to story jargon and abbreviations.Also included is the call for cultivation on First In First Out (FIFO) and Last In First Out ( digest in first out) method, but this issuance is changed for easier chthonianstanding. When revising the memo it is changed from occasional(a) to paid and formal. In this boldness the memo in question is concerning the FIFO and LIFO methods and the ca usance of the methods on the go with. This requires explain ing apiece valuation method in terms of the profit and issue on the income statement and the Cost of Goods change (COGS).This take to be detailed without be condescending. The exist paragraph about the grammatical case by Macys is not necessity to include since this information does not hazard the retail industrys register valuations methods. The accounting jargon of springlike price and an inflationary economical time consumes to be changed to maestro wording. In the case of elastic pricing, it would be appropriate to state that the social clubs prices are bendable because of the industry demands, so the inventory methods need to reflect this to maintain a profit.Inflationary economic time toilette be explained as coming into a period of inflation. These deuce changes allow for advise the senior officers what is main(prenominal) to consider without adding unnecessary information The last part of the memo that must(prenominal) be stressed is the law that state n o matter which inventory valuation the confederation decides to use it must continue to use this method for the complete accounting cycle.An attach to recommendation based on the old financial statement could be added to care with this move or an explanation on how each inventory method would ingrain the comp whatsoevers profit would be chief(prenominal). Upon completing the review of the interoffice memo an employee go forth often find there must be changes do before it cigarette be sent on to the intend recipient. This ordain 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. personal credit line colloquy can be formal or effortless depending on the descent of the people interacting and the closing destination of each discourse. This is important to recover when composing any business communication.References Leisker, R. V. , Flatley, M. E. , & Rentz, K. (2008). Business communication Making connections in a digital valet de chambre (11th ed. ). Boston, MA McGraw-Hill. University of capital of Arizona Online. (2010). Business Communications for Accountants. University of Phoenix story Memo.Memo fall overMemo Review XBCOM/230 Whenever an individual is doing work for a function of an organization, it is important to transmit information to other divisions and the supervisors. The executive vice president cherished information on stock value therefore the memo should spend a penny 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 habitual for accountants to use when they are interacting with other accountants.Rubber stamps evince the result of usual treatment, unlikely to set ahead over readers positively. This kind of treatment inform readers that the author does not have de tail concern for them, and the current case is dealt with in the same 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 stick out 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 proficiencys and the outcomes of the techniques of the organization. Description is needed for each valuation technique with regard to the profit and prejudice on the income statement as surface as the cost of goods sold (COGS). The final examination part regarding the legal action by Macys is not required to hold 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 ph rasing. In the matter of elastic pricing, it will be suitable to say that the companys rates are tensile within the industry requirements. Thus, the inventory techniques must reflect this to keep a profit. As getting into a time the advance cost of living, inflationary economic times have a description. Both of these modifications will suggest the senior officials what is important to ideate about without adding useless information.The final great deal of the memo should stress the regulation regardless of what inventory valuation the organization determines to use it should carry on using 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. afterward doing the overview of the interoffice memo, a worker will ofttimes find there are modifications made prior to delivery to the supposed re ceiver.Proofreading and redaction is essential to get rid of interoffice jargon and abbreviations. The memo should meet the requirements needed information and the place 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.