ACC 308 Milestone One Guidelines and Ru
ic
Overview: For Milestone One, which is due in Module Three, you will create adjusting entries for various situations, prepare annual financial reports, calculate
atios, and develop a
ief report for management explaining accounting ratios and the effects of interest rates on the future value of money. You will build on
this milestone in subsequent modules leading up to the final project.
Prompt: First, review the Final Project Scenario document and the accompanying workbook. Using your review of the scenario, develop a management analysis
ief that addresses the critical elements indicated below. Use information from your accounting workbook to support your claims in the management analysis
ief.
Note: Milestone One is a draft of some critical elements of the final project. Note that the management analysis
ief co
esponds to the management analysis
memo in the final project.
Specifically, the following critical elements must be addressed:
I. Accounting Workbook: Your accounting workbook must include appropriate calculations, ratios, and notes:
A. Create adjusting entries for financial statement preparation.
B. Create an adjusted trial balance for financial statement preparation.
C. Prepare financial statements for determining the company’s financial position.
D. Calculate ratios for determining the company’s financial health.
II. Management Analysis Brief: Your management analysis
ief should explain financial information to management. Provide evidence from your
accounting workbook to support your ideas when applicable.
A. Assess the company’s financial health based on ratio analyses presented in the accounting workbook.
B. Compare ratio analysis to trends in financial ratios over time for illustrating their impact, providing examples to support your claims.
C. Summarize the effects of different compounding periods and interest rates on future value of money.
Ru
ic
Guidelines for Submission: Your accounting workbook must be submitted as a Microsoft Excel document, and your management analysis
ief should be a 1- to
2-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins.
Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value
Accounting Workbook:
Adjusting Entries
Creates adjusting entries for
financial statements preparation
Creates adjusting entries but
entries are inaccurate
Does not create adjusting entries 13.5
Accounting Workbook:
Adjusted Trial Balance
Creates an adjusted trial balance
for financial statement
preparation
Creates an adjusted trial balance
ut balances are inaccurate
Does not create an adjusted trial
alance
13.5
Accounting Workbook:
Financial Statements
Prepares financial statements for
determining the company’s
financial position
Prepares financial statements
ut calculations are inaccurate
Does not prepare financial
statements
13.5
Accounting Workbook:
Ratios
Calculates ratios for determining
the company’s financial health
Calculates ratios but calculations
are inaccurate
Does not calculate ratios 13.5
Management Analysis
Brief: Company’s
Financial Health
Assesses the company’s financial
health based on ratio analyses
presented in the accounting
workbook
Assesses the company’s financial
health but assessment is cursory
or contains inaccuracies
Does not assess the company’s
financial health
14
Management Analysis
Brief: Ratio Analysis
and Ratios Over Time
Compares ratio analysis to trends
in financial ratios over time for
illustrating their impact,
providing examples to support
claims
Compares ratio analysis to
trends over time for illustrating
their impact, but examples are
cursory, or response contains
inaccuracies
Does not compare ratio analysis to
trends in financial ratios over time
14
Management Analysis
Brief: Compounding
Periods and Interest
Rates
Summarizes the effects of
different compounding periods
and interest rates on future
value of money
Summarizes the effects of
different compounding periods
and interest rates on future
value of money, but summary is
cursory or contains inaccuracies
Does not summarize the effects of
different compounding periods
and interest rates on future value
of money
14
Articulation of
Response
Submission has no major e
ors
elated to citations, grammar,
spelling, syntax, or organization
Submission has major e
ors
elated to citations, grammar,
spelling, syntax, or organization
that negatively impact
eadability and articulation of
main ideas
Submission has critical e
ors
elated to citations, grammar,
spelling, syntax, or organization
that prevent understanding of
ideas
4
Total 100%