Southern New Hampshire University

ACC 308 - Intermediate Accounting II

For full instructions see Instructions

Milestone 1 page

For full instructions see

Instructions Milestone 2 page

1. 1.

Using the Peyton Approved financial

data, create:

Using the given Pro Forma information,

create:

Adjusting Entries Pro Forma Income Statement

Adjusted Trial Balance Pro Forma Balance Sheet

2 Notes to the Financial Statements

2.

*Refer to Final Project Assignment

Guidelines and Rubric document

For Examples of Notes to the

Financial Statements, see the

Startbuck's Corporation Annual

Report in Appendix A of the text

Using the Trial Balance and Preliminary

financial statements, prepare: In a separate Word document

Revised Balance Sheet

A. Create appropriate notes as year-toyear documentation for managing

depreciation, supplies, and inventory.*

Revised Income Statement

MILESTONE 1 (Due in Module 3) MILESTONE 2 (Due in Module 5)

Trial Balance

Revised Financial Statements

Pro Forma Financial

Statements

Instructions Milestone 1 Instructions Milestone 2

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Revised Retained Earnings Statement

*Peyton Approved uses the following

accounting practices:

•Inventory: Periodic, LIFO for both

baking and merchandise

•Equipment: Straight line method used

for equipment

Revised Statement of Cash Flows

3. 3 Management Analysis Brief

Using the financial statements from

2015, 2016, and revised 2017, calculate

the following ratios:

*Refer to Final Project Assignment

Guidelines and Rubric document

 Current Ratio (Working Capital )

 Quick Ratio

In the Management Analysis Brief

Word document from Milestone 1

 A/R Turnover

Your management analysis brief should

explain financial information to

management. Provide evidence from

your accounting workbook to support

your ideas where applicable.

 Inventory Turnover

 D. Discuss the impact of the pro forma

financial statements for predicting

ability to meet future expansion goals.

 Gross margin

 E. Describe the implications of

inventory costing, contingent liabilities,

and revenue recognition.

 Return on Sales

 G. Identify potential issues in

interpretation of financial information,

providing examples to support your

ideas.

 Return on Equity

 Return on Assets

4 Management Analysis Brief

*Refer to Final Project Assignment

Guidelines and Rubric document

In a separate Word document

Ratio Analysis

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Your management analysis brief should

explain financial information to

management. Provide evidence from

your accounting workbook to support

your ideas where 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.

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For full instructions see Final

Project Assignment Guidelines and

Rubric document

Instructions Final Project

1 Notes to the Financial Statements

*Refer to Final Project Assignment

Guidelines and Rubric document

For Examples of Notes to the

Financial Statements, see the

Startbuck's Corporation Annual

Report in Appendix A of the text

In the Notes Word document from

Milestone 2

B. Create appropriate notes for longterm debt

2 Management Analysis Brief

*Refer to Final Project Assignment

Guidelines and Rubric document

In the Management Analysis Brief

Word document from Milestone 2

FINAL PROJECT (Due in Module 7)

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