ACC 700 Milestone Three Guidelines and Rubric The third milestone


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Sep 11, 2015. ACC 700 Milestone Three Guidelines and Rubric The third milestone This is the problem that I need help with but Milestone One. ATTACHMENT PREVIEW Download attachment ACC 700 Final Project Guidelines and Rubric.pdf ACC 700 Final Project Guidelines and Rubric Overview As the final step in your journey toward earning your Master of Science degree in Accounting, you will complete a capstone that integrates the knowledge and skills you have developed in previous coursework and over the duration of the term by creating a portfolio that is representative of your growth in the Accounting program. You will also reflect on your journey through the Accounting program and how you plan to position yourself professionally. A portfolio can provide you with advantages in both career and academic settings. Whether you are seeking employment or admission to a school or program, a portfolio can help you verify the claims that you make about yourself and provide tangible evidence that you are qualified for the position or school you are seeking. A well-done portfolio will help convey the impression that you are strongly motivated, well organized, and accomplished in your field. In this assignment, you will demonstrate your mastery of the following course outcomes: Employ discipline-specific research strategies to appraise the effectiveness and limitations of financial accounting and reporting practices in a global economy Evaluate and generate complex financial statements for internal and external users including effective compliance with full disclosure and in accordance with applicable governing rules and regulations Apply IRS rules for tax planning to minimize the tax liability of individuals and organizations Analyze, interpret, and communicate to all stakeholders the significance of accounting information as it relates to an organization’s strategic plans Prepare components of financial statements in accordance with both US GAAP and IFRS reporting requirements Assess an audit plan for compliance with PCAOB audit standards Prompt Imagine that you are a new employee at the fictitious CPA firm Swanson, Nelson, Hamilton, Ulrich, & Co., LLC (S.N.H.U., LLC). In your new role, your supervisor has made you responsible for three sets of tasks for three different clients. Client One – Chester, Inc. (Financial Statements and Analysis) Chester, Inc. is a large, publicly traded client at S.N.H.U., LLC. Your task is to develop a comprehensive, professional report for the board of directors. To do this, you will use Chester, Inc.’s trial balance to compose comparative financial statements, analyze data, and interpret results. These financial statements must be in good form in accordance with Generally Accepted Accounting Principles (GAAP). Next, you will assess the performance of Chester, Inc. using the financial statements you created, along with industry performance data and the financial statements of a competitor. In addition, Chester, Inc. is considering expanding into the global market. They would like you to highlight key areas of the financial statements you have prepared and identify how they would be reported differently if composed under International Financial Reporting Standards (IFRS) rather than GAAP. Chester, Inc. is a large, publicly traded client operating in athletic wear including clothing, shoes, and accessories. Direct competitors include Columbia Sportswear Company (COLM – NYSE) and Under Armour, Inc. (UA – NYSE). All these companies operate in the textile-apparel clothing industry. Chester Inc. operates on a calendar year. Reference the Milestone One Chester Inc. Trial Balance spreadsheet for the past three years’ financials (2013, 2014, and 2015). Additional information: Land with the land improvements were sold at book value (no gain or loss) in 2014. (Note: To evaluate the sale, use the following accounts: land, building and land improvements, and Other …

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