ACC 700 Milestone One

The first milestone is a rough draft of the first artifact for your professional portfolio, financial statements and analysis. You will complete a set of financials as
described in the appendix section of the prompt below for a fictitious company called Chester Inc. You will then submit a report of your findings and
recommendations. This will be graded using the rubric at the end of this document and is an opportunity for you to organize your thoughts and receive feedback
from your instructor for the final submission. You should note that the submission guidelines for this milestone are less demanding than those for the final
submission. Once you have submitted this milestone and received feedback from your instructor, it is up to you to incorporate this feedback and complete the
artifact by meeting the submission guidelines found in the Final Project Guidelines and Rubric document.
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 that 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.
Background and Financial Information
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 of 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 Noncurrent Assets)
New equipment purchased with cash for $2,739,067 in 2014
New storage building purchased with cash for $135,000 in 2015
No investments have been sold or purchased in 2014 or 2015
There are currently 8,275,000 shares of common stock outstanding. No additional common stock has been sold or repurchased in any of the aforementioned

Artifact One: Financial Statements and Analysis
The first artifact that you will include in your portfolio is the comprehensive, professional report that you create for the board of directors of Chester, Inc.—a large
publicly traded client at S.N.H.U., LLC. The report should contain your findings with the financial statements package as an appendix (Excel attachment).
Incorporate the feedback that you receive from your instructor during the development of this artifact.
Appendix: These sections should be completed first, before you write your report. Use the proper format for each section in accordance with Generally Accepted
Accounting Principles (GAAP) and note and explain differences under International Financial Reporting Standards (IFRS) where appropriate:
Income statement
Balance sheet
Statement of retained earnings
Statement of cash flows (indirect method)
Ratio analysis
o Liquidity – minimum of three key ratios with supporting calculations with a minimum of three years of data
o Profitability – minimum of three key ratios with supporting calculations with a minimum of three years of data
o Solvency – minimum of three key ratios with supporting calculations with a minimum of three years of data
Vertical and horizontal analysis
o Both vertical and horizontal for the income statement with a minimum of three years of data
o Both vertical and horizontal for the balance sheet with a minimum of three years of data
Report of Findings and Recommendations: The report is the key section of this artifact and will be written after you complete the analysis in the sections in the
appendix above. The report will demonstrate your understanding of financial statements, what they contain, what they mean, and how they are used in strategic
decision making.
As you know, numbers are useless if we do not know what they mean and how to use them. The financial statements, ratios, and vertical/horizontal analysis
should be analyzed and interpreted in order to assess and explain the performance of the organization. In your report, you must:
Address all three key ratios in each ratio category. Include what each ratio indicates and how the organization performed against its key competitor and
industry averages.
Address all key findings in the vertical and horizontal analysis of the income statement and balance sheet. As a general rule, anything over 10% warrants
Guidelines for Submission: All financial calculations should be complete. Your paper must be submitted as a four- to five-page Microsoft Word document with
double spacing, 12-point Times New Roman font, one-inch margins, and two to three sources cited in APA format. Round all answers up to the nearest dollar
value in any calculations.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
At Custom Writing, we believe in exemplary services that are fully geared toward customer satisfaction. That is why we don’t shy away from giving you the following guarantees;

Money-back guarantee

Trusting us with your work is the best decision you have made, our pleasure lies in seeing you satisfied at 100%. If in the rear chance it happens that you are not satisfied, then know that we will equally not be satisfied. But worry not, our 30 days- Money back guarantee is all you need and that is what we promise you..

Read more

Zero-plagiarism guarantee

We utilize profoundly equipped and gifted writers who produce unique papers liberated from any form of plagiarism. To guarantee this, we run all papers finished by our scholars through a Plagiarism checker to ensure uniqueness and originality. In any case, on the off chance that you have vulnerabilities about the originality or falsification of any paper we have finished and conveyed to you, please get in touch with us straight away. We will quickly investigate, and if the paper is seen as counterfeited, we will take suitable actions including but not limited to, revising the paper for free and in extreme cases we will activate the money back guarantee.

Read more

Free-revision policy

We have an obligation deliver great and specially composed assignments. Our revision strategy endeavors to ensure total client satisfaction, comfort, and a genuine feelings of serenity. We make minor updates and corrections to the underlying request as part of our continuous assistance. However, revisions should just incorporate changes and alterations that were not effectively met, in the underlying request and that are inside the rules as per the current request structure..

Read more

Privacy policy

Our client's Data is an Integral part of our business but clearly, we are not in the business of offering our clients' very own data to others. We realize that you care how your online data is utilized and shared, we equally value your trust that we will do so cautiously and sensibly. We Promise to ensure the security of your own data during transmission by utilizing encryption conventions and programming. Likewise assist us with securing your information by not sharing your passwords and usernames.

Read more

Fair-cooperation guarantee

In submitting a request with us, you consent to the services we give. We will strive to take the necessary steps to convey a far reaching paper according to your prerequisites. Equally we depend on your cooperation to guarantee that we convey on this order.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages