Week 3 Client Understanding Paper I

Week 3 Client Understanding Paper I - Client Understanding...

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Client Understanding Paper 1 Response to Client Request I University of Phoenix ACC 541—Accounting theory and Research Professor: Cecil B. Lucy Lien Bach November 15, 2010 1. Individual Assignment: Response to Client Request I 2. While working on a consulting engagement, a supervisor in your team has given you an assignment. The client is a regional trucking company. A new customer has approached the client with an opportunity that would require 120 trailers—20 more than the trucking company currently owns. The client is uncertain how long the relationship with the customer may last, but the deal has the potential for significant growth. Your supervisor has asked you to research leases and lease structure issues on the Financial Accounting Standards Board (FASB) website, in particular the current practice and thought related to direct financing, sales type, and operating leases. Write a 700- to 1,050-word memo addressed to your supervisor that summarizes your FASB research results. Keep the memo brief while exploring the issues. Remember that both the client and the supervisor have limited time, and you want to make a good impression. Recommend an approach that the client can use to evaluate and capitalize on this opportunity. Format your paper according to APA guidelines, including appropriate citations and references. Run your paper through WritePoint SM and Plagiarism Checker and provide proof that this was done.
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Client Understanding Paper 2 MEMO To: Regional Trucking Company From: Accounting Firm Re: Trailer Leasing Options The purpose of this memo is to clarify leases and lease structure issues base on the Financial Accounting Standards Board (FASB) information. I want to address the leasing options that are available for Regional Trucking Company which has been approached by a new customer with the opportunity that would require 120 trailers—20 more than the trucking
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Week 3 Client Understanding Paper I - Client Understanding...

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