Investing Cycle (based on video)

No definite script because it was not really conversational in the video.

1. Inform CEO of the excess funds
The CFO informs the CEO of the excess funds of the company and the CFO asks for preliminary approval to start
looking for potential investments
2. Assignment of Investment Officer by the CFO
3. Search for potential investment
The Investment officer will search for a potential investment through the internet.
4. Site Investigation
The investment officer checks on the potential investment
5. Initial Contact
Make a call to the seller of the land and agree on the site meeting schedule
6. Site Meeting
Meet with the seller and acquire further details regarding the land
7. BODs Approval
The investment officer proposes the investment on the land .
The proposal is subject to a thorough review by the CEO and CFO.
Then the CEO and CFO will approve and authorize (written authorization) the investment officer to invest.
8. Drafting of the agreement
This is the agreement between the seller and the corporation, as buyer (Title Deed).
9. Inform the controller to make a voucher.
10. Treasurer makes the check and meets with the seller to pay the downpayment.
The treasurer refers to the following documents: voucher, title, board resolution, minutes
11. Notarize the Title
In the presence of the buyer, seller, lawyer, two witnesses.
12. Simultaneously, controller records the purchase
The controller refers to the following documents: Title, board resolution, minutes of the board, check.
Dr. Investment in Land
Cr. Cash (downpayment)
Cr. Accounts Payable
13. Disposal of land
The corporation now disposes the land because of the high appreciation of the land.
It is sold to another buyer at a higher price.