book

Sample Correspondence - Company Financial Statements

21 Pages 1121 Words 1557 Views

Good Morning, Team We all have been doing work totally for many months searching through the fiscal reports of the JJJ Company carrying out our due diligence hoping to buy this organization. The analysis has brought up a few surprisingly bad results. For future sales, I developed some numbers to create a projection document, after analyzing the data by sales division. Overview of the reports is by sales quarter. With the details put together, unfortunately, the outcomes were that the sales amounts were not sufficient to pay for expenses, which confirms the fiscal instability of JJJ Company. JJJ Company has lots of connections which could clearly support ABC Company’s portfolio. JJJ Company has no reserves remaining to maintain the business any more. Buying this company would be a huge fiscal risk and would hurt our Organization more than it would benefit it. We must wait for the CEO to recommend the result of the merger. There is a possibility they might think about a different way to rescue JJJ Company. We are hoping for the best. I appreciate every one of you for your efforts in this assignment. Our department logged many hours on this procedure. Even though it was hard to stay on the top of our normal jobs, however during the thorough research of the fiscal documents, everyone succeeded. This task was extremely time consuming and we still managed to work together, put together the details, and provide the details as best as we could. You must be very proud of yourselves. Thank you. Beth _______________________________________ Memorandum To: Nichole, Accounting Manager From: John, Accounting Manager Date: March 21, 2014 Re: Financial overview and recommendations for JJJ Company Acquisition After analyzing the fiscal documents of JJJ Company carefully and evaluating the minuses and pluses results of uniting of our two organizations together. We came to a conclusion and made a decision to suggest that ABC Company not unite with JJJ Company. In tough economic periods, this organization indicates setback. The purchasi

Read Full Essay