Memo Review
Your name here
BCOM/230
August 26, 2013
Instructor name

Memo Review Whenever an individual is in any type of a leadership role with their employer, it will be necessary to communicate with other department managers and possibly even upper level management. In this scenario, the boss has requested an overview of LIFO versus FIFO as it would apply to their company. The memo that will be submitted to the boss must be professional. The figures presented in the memo should be as precise as possible so that company officials will not be misled. The use of jargon in a memo is not professional and is not a good idea. Members of the accounting department use jargon when interacting with each another. Jargon and clichés are not uncommon while communicating within your department, but should be avoided when communicating with other department heads and management. This kind of treatment would inform readers that the author doesn't have particular concern for them and the current case is dealt with much in the same manner as others (Lesikar, Flatley, & Rentz, 2008).

The memo presented to us for our assignment is an “inter-departmental memo” so the language used in it is acceptable. However, the memo that will be sent to the boss is official correspondence and the content should be presented in a professional manner. The memo alters from casual to official while revising the data.

In this scenario, the memo under review is about the FIFO and LIFO techniques and the outcomes of the techniques on the company. Explanation is required for each particular technique with regards to the profit and loss on the income statement as well as the cost of goods sold (COGS). The final statement of the initial memo concerning the Macy’s situation will not be mentioned in the final memo to the boss since this information has no effect