ACC 308 Milestone One Guidelines and Rubric Overview: For Milestone One, which is due in Module Three, you will create adjusting entries for various situations, prepare annual financial reports, calculate ratios, and develop a brief 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 brief that addresses the critical elements indicated below. Use information from your accounting workbook to support your claims in the management analysis brief. Note: Milestone One is a draft of some critical elements of the final project. Note that the management analysis brief corresponds 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 brief 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. Rubric Guidelines for Submission: Your accounting workbook must be submitted as a Microsoft Excel document, and your management analysis brief 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 but balances are inaccurate Does not create an adjusted trial balance 13.5 Accounting Workbook: Financial Statements Prepares financial statements for determining the company’s financial position Prepares financial statements but 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 errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 4 Total 100% ~~~For this or similar assignment papers~~~