ACC 620 Milestone Three Guidelines and Rubric Prompt: In the second milestone, you addressed income taxes and pensions for your portfolio.

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. VI. Leases A. B. C. D. What are the differences between operating and capital leases? Describe the particular leases of your company based on the liability section of your company’s balance sheet. What impact have the leases had on the company’s financial statements for the most recent year? Discuss the advantages and disadvantages of leasing a building versus purchasing one. Statement of Changes in Financial Position 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 changes in financial position (SCFP). Support your opinion. B. Review the company’s SCFP 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, oneinch margins, and at least three sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Leases: Operating and Capital Exemplary (100%) Meets “Proficient” criteria, and description is exceptionally clear and contextualized Proficient (90%) Comprehensively describes the differences between operating and capital leases Leases: Particular Meets “Proficient” criteria, and description is exceptionally clear and contextualized Describes the particular leases of the company based on the liability section of the company’s balance sheet Leases: Impact Meets “Proficient” criteria, and defense is well supported with concrete examples 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%) Does not describe the differences between operating and capital leases Value 16 Does not describe the particular leases of the company 15 Does not discuss the impact the leases had on the company’s financial statements 15 Leases: Building Meets “Proficient” criteria and uses concrete examples to illustrate claims Comprehensively discusses the advantages and disadvantages of leasing a building versus purchasing one Statement of Changes in Financial Position: Invest Meets “Proficient” criteria, and opinion is well supported with concrete examples Determines whether or not to invest in the company based on the SCFP and supports opinion Statement of Changes in Financial Position: