Memo to the CEO of Savings Palids Investment

Our company is now experiencing a cash flow issue, therefore I made the decision to analyze how I could individually help the organization get out of its financial slump. I examined some of the approaches we might take to accomplish this as an accountant. I arrived to the conclusion that there are only two options: internal or external funding (McGuigan, Sin & Kern, 2016). The former option would necessitate yet another public offering of our shares, which would increase negative publicity for the Palids Investment & Financial Limited, considering the fact that we already have two legal cases running. The best and most realistic source of funding for the company would be through a long-term loan or donor funding as pointed out by McGuigan, Sin & Kern (2016).

From our side, both donor funding and loan requests demand not only thoughtful but persuasive requests to our financiers. If we are to acquire the maximum funds to restructure and resuscitate our firm as you wrote in the finance department memo last week, our only option is to persuade financiers accordingly, a scenario that requires comprehensive training. Running through our records, we have failed to clinch such funds in the past.

Harvard University offers several courses in business writing via its business school in all its branches (Harvard Executive Education | Harvard Division of Continuing Education“, 2017). On 25/11/2017 to 02/02/2018, the institution will be offering a course, Program for Leadership Development (Business Writing Course). The cost of the whole forum will be $ 20,000, inclusive of meals and transport for the attendees. In this course, half of the whole session will concern the subject of Requesting for Funds through Persuasive Communication, an area which the company needs in order to save our financial situation. The course will cover how to write letters, memos and negotiate with potential donors and/or financiers.

As such Program for Leadership Development will be advantageous in the company as follows:

-Assisting the company in securing investment funds to rekindle our cash flow status

-Help the firm secure funds in future

-Assist in mentoring staff for future leadership positions within the firm

-Interaction with other business icons will help the attendee learn a lot regarding the current business world.

-Interaction with other business gurus will help the attendee network the business with potential clients as a marketing strategy.

As such, as Palids Investment & Financial Limited Funds Controller, I would like to kindly request you to facilitate me to attend this valuable forum. The time spent at the course will additionally improve my work performance. One of the modules taught is on the developments on current International Standards on Auditing as well as International Financial Reporting Standards. This section will enhance my book-keeping role as well as enhancing our internal controls. I am certain that if I attend this course, you will not have to hire a book-keeper as you had intended before. Moreover, this will help us save on our exploding payroll expenses. I hereby humbly request that you sponsor me individually to attend this business writing course for the good of the whole company.

References

Harvard Executive Education | Harvard Division of Continuing Education. (2017). Dce.harvard.edu. Retrieved 5 November 2017, from http://www.dce.harvard.edu/harvard-executive-education

McGuigan, N., Sin, S., & Kern, T. (2016). Sourcing Sustainable Finance in a Globally Competitive Market: An Instructional Case. Issues in Accounting Education, 32(1).