Dear Client‚ It has come to my attention that you have some questions about the information I have asked for. It is my intention in this letter to explain why I have asked for the information in question. I will outline adjusting lower cost or market inventory on valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal‚ and adjusting good will for impairment. Adjusting lower cost or market inventory on valuation When a company purchases
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Client Understanding Paper Client: The ADT Corporation I thank you for the opportunity to work with The ADT Corporation on this important project. As I was analyzing the papers provided‚ I realized that additional information is requested by your representatives. It was brought to my attention that ADT and its affiliates are unclear about why the additional information was requested on the adjusting lower cost of market inventory on valuation‚ the capitalizing interest on building construction
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Client Understanding Destiny Perrin ACC/542 August 13‚ 2012 Mark Taylor It is our understanding that there are a few questions why further information is needed after the review of the data submitted. As part of our mission statement we ensure that all our clients’ financial data follows appropriate guidelines to ensure wellness of your company as well as investors. The first issue to be addressed is the decision to switch to lower of cost or market value method (LCM). It is understood
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memorandum to: | todd mCKINSEYMARGARET GRENNON‚ CEO | from: | MELISSA MORRIS‚ m&m CONSULTING | subject: | INTEGRATING A HUMAN RESOURCE TEAM FOR LIVEWIRE | date: | October 3‚ 2012 | | | I would like to begin by saying congratulations on the success of Livewire through the past four years. Not only have you had success in your brand‚ but you have increased the business of other organizations‚ like museums and galleries around the world‚ and managed to be eco-friendly as well. Recently
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Client Understanding Paper Dion Bascom ACC541 August 19‚ 2013 Professor Corder Client Understanding Paper The information my organization request is important for us to better understand how the adjustment of the information on inventory valuation‚ interest capitalization‚ recording gain or loss on asset disposal and goodwill impairment are done. It is important for us to understand the accounting procedures being used so we can identify this information and determine if compliance
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Client Understanding Paper ACC/541 April 01‚ 2013 Abstract As a newly hired Staff I there will be a responsibility to analyze the work papers for the organization’s clients. In this situation a client is not clear about why a Staff I is asking for information on adjusting lower of cost or market inventory valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal‚ and adjusting goodwill for impairment and requires explanations on these topics. An explanation
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managing task in the work place is a very essential job function of an organization. There will be time were employees does not understand the importance of information on various topics. As a Staff employee‚ there must be precise communication with clients regarding topics that include adjusting lowering cost of market inventory on valuation‚ capitalizing interest on building construction‚ recording gain or loss on asset disposal and adjusting goodwill for impairment. Market Inventory There are
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Client Understanding Paper When accounting professionals work with clients outside the profession‚ there is a lessened understanding of the rules and regulations required by the Financial Accounting Standards Board (FASB). Clients will ask questions when they do not understand the reasoning behind the information needed. Adjusting costs‚ determining capitalization‚ asset disposal‚ and goodwill are often harder to understand concepts in accounting and the accountant needs to be able to explain
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Clients Understanding ACC/541 Rose Barden January 16‚ 2012 Kenneth Burton Adjusting Lower Cost The paperwork is needed so that the inventory can be check and figured out the true value of the inventory. A better way at looking any logical justification for cost or market inventory valuation is that a stock of items is necessary to expedite production and sales. If inventory become obsolescence‚ goes through physical deterioration‚ and price declines occur‚ or even if the stock when finally
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Submit the completed assignment by the end of the day Sunday of Module 4. Name: Date: 4/29/11 Student ID: Email: Selected Film: Steel Magnolias Record your answers in the space provided. The boxes will expand as you type. Students are expected to adhere to standards of scholarly writing. Answer the questions in your own words‚ in complete sentences‚ and in appropriate paragraphs. Use Erik Erikson’s 8 Stages of Man to describe the stage of development experienced by your
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