Accounting Case

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 ie. single spacing, flush to the left margin no indent, etc.  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 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 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. Your first paragraph would be an invitation to a budget workshop to be held in a few weeks on September 21st in the main conference room from 2:00pm to 4:00pm. Next, you will explain that the workshop will discuss a participative budgeting process. Therefore, you will need to explain what a participative budgeting process means. Next, you will want to explain the advantages of budgeting. This will set the tone for the upcoming workshop. Therefore, it is important to name and discuss at least three or four reasons why budgeting is important to the TOD organization. Finally, add a closing paragraph to encourage managers to attend the meeting, be prepared to ask questions on behalf of their team, and to offer initial ideas for relevant projects for TOD. You will be graded based on following instructions, critical thinking, well-developed response, clear and concise, and mechanics such as grammar, punctuation, and sentence structure. Please see the enclosed rubric for more details. Save your document as Module #:  Assignment # – Case Name Your Name. It is acceptable to abbreviate the file name. Be careful:  Plagiarism checker is turned on for this assignment. To avoid plagiarism, please be sure to follow APA 7th edition format and cite the reference(s), where needed.

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