Client Understanding Paper ACC/541 January 30, 2012 Client Understanding Paper Dear Sir: In order to ensure that your organization is following the FASB’s generally accepted accounting principles (GAAP) it is necessary that I review the current practices being used by your organization with regards to lower of cost or market valuation, capitalizing interest on building construction, recording gain or loss on asset disposal, and adjusting for goodwill impairment. It is important for me to
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Client Understanding Paper Sharon Sherman ACC/541 December 13, 2010 Rebecca Kime Client Understanding Paper To be able to complete the analysis of the work papers of the current clients’ work papers certain information must be obtained. The topics of the information requested are the (1) adjusting lower cost of market inventory on valuation, (2) capitalizing interest on building construction, (3) recording gain or loss on asset disposal, and (4) adjusting goodwill for impairment. To alleviate
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Client Understanding Paper Judy Blackman ACC/541 August 1, 2011 Kenneth Quirk client understanding 1 I want to thank you for the opportunity to work with you and your organization on this important project. As I was analyzing the papers provided, I realized that additional information was needed. It was brought to my attention that you are unclear about why the additional information was requested on the adjusting lower cost of market inventory on valuation, the capitalizing interest
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Client Understanding Paper Tanisha Wilson University Of Phoenix Accounting Theory and Research ACC/541 Bethany Bartlett August 19, 2013 Client Understanding Paper To our valued clients at Morton Sales Company, It is my pleasure to have the opportunity to assist your organization with your financial needs. As I was analyzing the working papers given, a request for some additional information needed was submitted. It has been conveyed to my attention that there is questions or concerns in
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Client Understanding Kelly Ableman ACC/541 August 5, 2013 Jonathan Rubin As a newly hired Staff I, the responsibilities that are required are to analyze the work papers for one of the clients of the organization. This client is not clear about why the company is asking for information on the following topics: adjusting lower cost of market inventory on valuation; capitalizing interest on building construction; recording gain or loss on asset disposal; and adjust goodwill for impairment.
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Client Understanding Paper ACC/541 April 10, 2012 Client Understanding Paper Dear Client, please find below the detailed written explanation on the topics you requested. The items addresses are as follows: 1. Adjusting lower cost or market inventory on valuation. 2. Capitalizing interest on building construction. 3. Recording gain or loss on asset disposal. 4. Adjusting goodwill for impairment. Adjusting lower cost or market inventory on valuation The term “inventory”
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Client Understanding Paper ACC/541 Camellia Ellis September 1, 2014 Michael Meyer MEMO TO: Client FROM: Camellia Ellis, Staff I DATE: September 1, 2014 SUBJECT: Questions on requested information First and foremost, as a part of this organization, we would like to thank you for allowing this company the opportunity to work together with you on this project. Upon reviewing and analyzing the papers submitted by your company, I have been made aware of some additional information that is needed. As
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Client Understanding Paper Stephanie Simmons ACC/541 Professor Mark Taylor August 13, 2012 Client’s cleat understanding is a goal of ABC Company. The firms provide detailed explanations to address each customer’s need. ABC Company recognizes that your company has questions related to adjusting lower cost of market inventory on valuation, capitalizing interest on building construction, recording gain or loss on asset disposal, and adjusting goodwill for impairment. Inventories of companies
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Client Understand Paper Accounting Theory and Research/ ACC 541 November 21, 2011 To provide your organization accurate financial data, reports and statements, we follow rules developed according to Generally Accepted Accounting Principles (GAAP). Based on GAAP, it is important that we follow certain rules and have accurate client information. You have asked why we are asking for certain information related to certain topics within your organization. An explanation as to why we are asking
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Client Understanding Paper Cayce Harris ACC-541 December 23, 2013 Thomas Gruber Cayce Harris 715 Madison Ln. Florissant, MO 63031 December 23, 2013 Client Understanding CEO CU Corp. 12345 S. Main St. St. Louis, MO 63031 Dear Client: Thank you for choosing University Accounting for your accounting needs. We are confident that you will be very satisfied with the services that we offer. The information enclosed will help you make the most of our services, as well as, address
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