ACC 308 Milestone One Project

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. Using the Trial Balance and Preliminary financial statements, prepare: Remember the written portion of the Milestone! See the Milestone 2 Assignment Guidelines and Rubric document. Revised Balance Sheet Revised Income Statement Revised Retained Earnings Statement Revised Statement of Cash Flows 3. Using the financial statements from 2015, 2016, and revised 2017, calculate the following ratios: Current Ratio (Working Capital ) Quick Ratio A/R Turnover Inventory Turnover Gross margin Return on Sales Return on Equity Return on Assets MILESTONE 1 (Due in Module 3) MILESTONE 2 (Due in Module 5) Trial Balance Ratio Analysis Revised Financial Statements Pro Forma Financial Statements Instructions Milestone 1 Instructions Milestone 2 Remember the written portion of the Milestone! See the Milestone 1 Assignment Guidelines and Rubric document. Southern New Hampshire University ACC 308 - Intermediate Accounting II IMPORTANT NOTE: Make sure to completely review the Rubric for Milestone 1 Use the data from this Milestone and begin working on your final presentation due in Final Project (Module 7) ITEMS TO COMPLETE FOR THIS MILESTONE (Blue Tabs) : GENERAL TRIAL BALANCE 2017 TAB Using the Peyton Approved financial data (see bottom of page): Create the necessary adjusting journal entries. Use the REF column to reference the entry to each event Complete the adjusted trial balance REVISED FINANCIAL STATEMENTS Using the preliminary financial statements (yellow tabs) and the Trial Balance 2017, prepare the following statements: INSTRUCTIONS FOR MILESTONE 1 (Due Module 3) You just began a position as a financial accountant at Peyton Approved. In this role, your first task is to prepare the company’s financials for the year-end audit. Additionally, the company is interested in expanding its business within the next year. They would like your support in assessing their ability to meet their goals.