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Accounting Memo Summary

In: Business and Management

Submitted By toddgregg73
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Accounting Memo Summary
BCOM/230

Accounting Memo Summary
The time of an Executive is extremely valuable, thus the information you’re going to present must be equally as valuable. The information must be presented to them in a manner that is easy to understand and comprehend. This will be what they use to base they their decision on, or at least explore the possible benefits further.
This summary should be started off with the same change that has greatly benefited a competitor recently. (i.e. the news about $9M in tax refunds for Macy’s) This would be enough to spark this person’s interest for sure.
Then, data and figures should be provided regarding how this change would directly affect our company, not just “because someone else did it.” Be sure to list the advantages and disadvantages, to show that this has been looked at in an objective manner.
Is the overall and ongoing benefit worth the cost of changing the way we account for inventory on our P&L’s? (i.e. IT work, reporting changes, legal fees for case vs. U.S., etc.) Making a change like this will have an impact on more than one department.
Information like this would be most easily communicated with the use of Powerpoint slides and graphs for quick and easy analysis.
This isn’t just an interoffice memo and shouldn’t have that look. It should be presented in a more formal manner. The information should be concise. If it’s too wordy, the actual point of the intended message may not get across, especially with someone who has a lot on their plate. Eliminate repetitive talk.
Also, there is no need for small talk in formal communications. Only facts, figures, and recommendations would be required in this instance. Use of jargon doesn’t need to be repeated, but should be defined in a way that is easy to understand.
Not knowing your audience could somewhat affect your credibility for…...

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