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General Accounting Discussions: Writing a recommendation for the reporting of extraordinary item in memo style to the CFO

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    • CommentAuthorKLB
    • CommentTimeNov 2nd 2009 edited
     
    I have to write a recommendation for the reporting of extraordinary item in memo style to the CFO. I have never seen one. This is my first case study for class. This will ultimately be read by an audit commity of a retired banker and four other business people, all have business experience but no formal accounting education.
    • CommentAuthorsarah
    • CommentTimeNov 3rd 2009
     
    It depends on the nature of your extraordinary item. This would usually have happened due to some circumstances in the company. You can proceed in a logical way: why the extraordinary item occured, what were the circumstances which dictated its coming into account and what [if any] could have been done to avoid it. This would clarify your thoughts as well and you will be able to draft the recommendation. Best of luck.

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