The first thing I would change is starting the paragraph with because. I would start the paragraph with “The Company may be coming into inflationary economic times we might recommend that the company continues to use LIFO so we can reduce our federal and state corporate income tax. Staying with LIFO would help the company with a better cash flow and profit margin.” I would keep the rest of the paragraph the same. In the third paragraph I would change the P& L to say profit and loss statement. I would then change both the FIFO and LIFO bullet points to be in two correct sentences instead of bullet points. The way that the two bullets are typed in the current memo is not correct. The equals sign is not proper. The semicolon in each bullet point is not properly used, either. The final paragraph speaks of a company that has nothing to do with the Accounting Memo. Discussing another company to make a comparison is not the best thing to do. In this memo I would want to discuss the important issues that pertain to my company not what other companies are
The first thing I would change is starting the paragraph with because. I would start the paragraph with “The Company may be coming into inflationary economic times we might recommend that the company continues to use LIFO so we can reduce our federal and state corporate income tax. Staying with LIFO would help the company with a better cash flow and profit margin.” I would keep the rest of the paragraph the same. In the third paragraph I would change the P& L to say profit and loss statement. I would then change both the FIFO and LIFO bullet points to be in two correct sentences instead of bullet points. The way that the two bullets are typed in the current memo is not correct. The equals sign is not proper. The semicolon in each bullet point is not properly used, either. The final paragraph speaks of a company that has nothing to do with the Accounting Memo. Discussing another company to make a comparison is not the best thing to do. In this memo I would want to discuss the important issues that pertain to my company not what other companies are