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Product Description
This is the third of three milestone assignments that will lead to completion of your course project. In this assignment, you will complete Critical Element IV: Adjusting Entries and Critical Element VI: Communication. Recall that, due to the sequencing of content for the modules, the critical elements are being prepared out of order. For the complete sequence, see the Final Project Guidelines and Rubric document
This milestone addresses the following course outcomes:
Differentiate between the Generally Accepted Accounting Principles and the International Financial Reporting Standards for their impact on financial statements
Determine appropriate accounting treatments of business transactions, including adjusting entries, for their impact on the results of financial statements
Continue to work with the company you chose to use in building your portfolio. For detailed instructions, see the Final Project Guidelines and Rubric document.
Specifically, the following critical elements must be addressed:
IV. Adjusting Entries: For this part of the assessment, you will continue your financial analysis paper.
A. Explain the type of depreciation method your company uses and why they use this method.