ACC 620 Milestone Three Guidelines and Rubric

Prompt: In the second milestone, you addressed income taxes and pensions for your portfolio. In the third and final milestone, you will add leases and the
statement of changes to your portfolio.

IV. Leases
A. What are the differences between operating and capital leases?
B. Describe the particular leases of your company based on the liability section of your company’s balance sheet.
C. What impact have the leases had on the company’s financial statements for the most recent year?
D. Discuss the advantages and disadvantages of leasing a building versus purchasing one.

VI. Statement of Cash Flows

A. From the perspective of an investor, determine whether or not you would invest in your chosen company based on the company’s statement of
cash flows (SoCF). Support your opinion.
B. Review the company’s SoCF for any concerns that may need to be addressed. As controller of your company, prepare a memo to your CEO,
giving a summary report for possible recommendations.

Guidelines for Submission: Your paper must be submitted as a 2–3-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-
inch margins, and at least three sources cited in APA format.

Critical Elements Exemplary (100%)
Leases: Operating Meets “Proficient” criteria, and
and Capital description is exceptionally
clear and contextualized
Leases: Particular Meets “Proficient” criteria, and
description is exceptionally
clear and contextualized
Leases: Impact Meets “Proficient” criteria, and
defense is well supported with
concrete examples
Proficient (90%)
Comprehensively describes the
differences between operating
and capital leases
Describes the particular leases
of the company based on the
liability section of the
company’s balance sheet
Comprehensively discusses the
impact the leases had on the
company’s financial statements
for the most recent year
Needs Improvement (70%)
Describes the differences
between operating and capital
leases, but description is
cursory or lacks detail
Describes the particular leases
of the company, but does not
base description on the liability
section of the company’s
balance sheet
Discusses the impact the leases
had on the company’s financial
statements for the most recent
year, but discussion is cursory
or lacks detail
Not Evident (0%) Value
Does not describe the 16
differences between operating
and capital leases
Does not describe the 15
particular leases of the
company
Does not discuss the impact 15
the leases had on the
company’s financial statements
Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value
Leases: Building Meets “Proficient” criteria and Comprehensively discusses the Discusses the advantages and Does not discuss the 15
uses concrete examples to advantages and disadvantages disadvantages of leasing a advantages and disadvantages
illustrate claims of leasing a building versus building versus purchasing one, of leasing a building versus
purchasing one but discussion is cursory or purchasing one
lacks detail
Statement of Cash Meets “Proficient” criteria, and Determines whether or not to Determines whether or not to Does not determine whether or 16
Flows: Invest opinion is well supported with invest in the company based on invest in the company based on not to invest in the company
concrete examples the SoCF and supports opinion the SoCF, but does not support
opinion, or support for opinion
is weak or illogical
Statement of Cash Meets “Proficient” criteria, and Composes a memo to the CEO Composes a memo to the CEO Does not compose a memo to 15
Flows: recommendations are well making recommendations that making recommendations to the CEO
Recommendations supported and logical would effectively resolve any address concerns identified in
concerns identified in the SoCF the SoCF, but
recommendations would not
effectively resolve concerns
Articulation of Submission is free of errors Submission has no major errors Submission has major errors Submission has critical errors 8
Response related to citations, grammar, related to citations, grammar, related to citations, grammar, related to citations, grammar,
spelling, syntax, and spelling, syntax, or organization spelling, syntax, or organization spelling, syntax, or organization
organization and is presented that negatively impact that prevent understanding of
in a professional and easy-to- readability and articulation of ideas
read format main ideas
Total 100%