General Instructions:
For this case, you will be responsible for preparing a memo in a
Word document to address the situation. Memo formats are available
in Word under File, New, Search on Professional Memos or Memos for
options. You can select a format or create your own memo in Word.
If you create your own, be sure to follow general memo format rules
such as Link (Links to an external site.) (Links to an
external site.)Furthermore, the link contains helpful information
in the format of the body of a memo i.e. single spacing, flush to
the left margin no indent, etc.
Complete and submit the assignment by 23:59 EST Friday.
Detailed Instructions:
In a business setting, we are often asked to write a memo to
communicate with internal and external professionals. This
assignment further advances your communications within an
organization through the use of a memo.
Background:
As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are an active employee in the budgeting process. For years now, employees have not been in favor of budgeting. In fact, department managers have often expressed their degree of stress and feeling uncomfortable about the budget process and performance evaluations. This year, Jacob Reynolds, the controller, wants to try a different approach to promote employee support of the budget and, in turn, the organizational goals. With more employee feedback, the upper management can develop a more inclusive, advanced budgeting tool.
The controller asks you to develop a memo to be sent to department managers with a courtesy copy (cc) to the controller. The memo will introduce the new budget approach and the advantages of budgeting. The new budget approach is a participative budgeting process as opposed to less input on the part of employees. The desire is for department managers to obtain feedback from their team in order to submit a more collective budgeting tool for consideration from their area of responsibility.
In consideration of the background, prepare a memo in a Word document to submit to the department managers with a cc to the controller.
To: All Department Managers
Cc: The Controller
From: The Senior Accountant
Date: February 7th, 2020
Subject: Workshop on participative budgeting
The accounting team at JQS would like to invite you all to a budget workshop that will be held on February 21st. The workshop will be held in the main conference room and will be for duration of two hours. The workshop will commence at 1:00 pm sharp and will finish by 3:00 pm.
The focus of the workshop will be on participative budgeting. In simple words participative budgeting refers to that budgeting process in which people who are impacted by the budget will be actively involved in the budget creation process. In other words our employees who are in the lower levels of management will also be involved in the budget making process.
I would like to point out that budgeting is an important tool for our organization and it is for this reason that we are changing the budgeting process to make it better and more aligned with our primary stakeholder i.e. our employees. Budgeting is important for us because it helps us with regards to planning and formulation of policies. This ensures that our plan and our strategy are synchronized. Secondly it ensures that we have a tool to control our income and expenditure for a plan period. Thirdly it helps us to define the objective of JQS in numerical terms. Fourthly budgeting enables us to direct our capital and revenue resources in a profitable way and in a way that ensures that we are able to meet our goals and objectives in an optimal manner.
I would request you all to attend the workshop and put forth your ideas and viewpoints as well. Please prepare a list of questions and doubts that your team has and all your queries will be answered to during the workshop. I want to all of you to take part in the workshop and ideate strongly so that we all together will be able to ensure making our company’s budgeting process a well-defined and optimal process and our budget as a robust planning tool.
General Instructions: For this case, you will be responsible for preparing a memo in a Word...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are an active employee in the budgeting process. For years now, employees have not been in favor of budgeting. In fact, department managers...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are an active employee in the budgeting process. For years now, employees have not been in favor of budgeting. In fact, department managers...
General Instructions: For this case, you will be responsible for preparing a memo in a Word document to address the situation. Memo formats are available in Word under File, New, Search on Professional Memos or Memos for options. You can select a format or create your own memo in Word. If you create your own, be sure to follow general memo format rules such as Link (Links to an external site.) (Links to an external site.)Furthermore, the link contains helpful information...
As the senior accountant at Technology on Demand (TOD), which manufactures mobile technology such as flip phones, smartphones, notebooks, and smartwatches, you are an active employee in the budgeting process. For years now, employees have not been in favor of budgeting. In fact, department managers have often expressed their degree of stress and feeling uncomfortable about the budget process and performance evaluations. This year, Michelle Dodd, the controller, wants to try a different approach to promote employee support of the...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are responsible for assisting with employee related questions. JQS manufactures sport attire for men, women, youth, and children in bulk quantity on the...
As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sports attire for men, women, youth, and children, your role with the budget process continues. You are very pleased with how well the budget workshop held on February 21st went. Department managers came, were engaged, and asked a number of important questions. Jacob Reynolds advised department managers that you would follow up in a memo to address a few of the department managers’ questions. Department managers asked: What is...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are responsible for assisting with employee related questions. JQS manufactures sport attire for men, women, youth, and children in bulk quantity on the...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Technology on Demand (TOD), which manufactures flip phones, smartphones, notebooks, and smartwatches, you are responsible for assisting with employee related questions. TOD manufactures mobile technology such as flip phones, smartphones, notebooks, and smartwatches in bulk quantity on the...
Detailed Instructions: In a business setting, we are often asked to write a memo to communicate with internal and external professionals. This assignment further advances your communications within an organization through the use of a memo. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are responsible for assisting with employee related questions. JQS manufactures sport attire for men, women, youth, and children in bulk quantity on the...
In a business setting, we are often asked to write a memo to communicate with internal and external professionals. To further advance your learning of memo communication, this written case requests that you prepare a memo to communicate within the company. Background: As the senior accountant at Jackson Quality Sportswear (JQS), which manufactures sport attire for men, women, youth, and children, you are often asked to prepare various financial analysis necessary for decision making. Jacob Reynolds, the controller, asked you...