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Part 1 - Memo Exercise Better.com is powered by a proprietary loan origination platform called Tinman. Currently, all costs associated with the maintenance, upgrades and

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Part 1 - Memo Exercise Better.com is powered by a proprietary loan origination platform called "Tinman". Currently, all costs associated with the maintenance, upgrades and enhancements to the platform are expensed as incurred. Our leadership team has asked you to explore the possibility of capitalizing costs associated with Tinman. Prepare a memo with accounting considerations that could be presented to our leadership team and external auditors. Part 2 - Accounting, Internal Controls & Process Enhancement Scenario Management and the auditors agree with your assessment. You are now tasked to 1) create the year end (12/31/19) journal entry for these costs (assume nothing has been accounted for to date), 2) outline the surrounding internal controls that will ensure complete and accurate reporting of these costs and 3) create a roadmap for how to enhance the capture and categorization of these costs in order to automate this journal entry on a monthly basis. Please reference the accompanied excel document for the list of costs. Part 3 - Audit & Financial Statements Please read through our 2018 Audit and Financial Statements. Please prepare questions and/or comments on the filing. Part 1 - Memo Exercise Better.com is powered by a proprietary loan origination platform called "Tinman". Currently, all costs associated with the maintenance, upgrades and enhancements to the platform are expensed as incurred. Our leadership team has asked you to explore the possibility of capitalizing costs associated with Tinman. Prepare a memo with accounting considerations that could be presented to our leadership team and external auditors. Part 2 - Accounting, Internal Controls & Process Enhancement Scenario Management and the auditors agree with your assessment. You are now tasked to 1) create the year end (12/31/19) journal entry for these costs (assume nothing has been accounted for to date), 2) outline the surrounding internal controls that will ensure complete and accurate reporting of these costs and 3) create a roadmap for how to enhance the capture and categorization of these costs in order to automate this journal entry on a monthly basis. Please reference the accompanied excel document for the list of costs. Part 3 - Audit & Financial Statements Please read through our 2018 Audit and Financial Statements. Please prepare questions and/or comments on the filing

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