verview: For Milestone Two, which is due in Module Five, you will create pro forma financial statements, notes to the financial statements, and de bort for management explaining the impact of pro forma financial statements on the company's expansion plans, Implications of Inventory costing bilities, and revenue recognition. In your management analysis brief, you will also identify potential issues in Interpreting financial statements. ompt: First, review the Final Project Scenario document and the accompanying workbook. Using your review of the scenario, develop a manageme ef that addresses the critical elements indicated below. Use Information from your accounting workbook to support your claims in the manageme te: Milestone Two is a draft of some critical elements of the final project. Note that the management analysis brief informs the management analy e final project mecifically, the following critical elements must be addressed: Accounting Workbook: Your accounting workbook must include appropriate calculations and statements: A. Create pro forma financial statements for predicting ability to meet future expansion goals. ll. Notes to the Financial Statements: Your notes must contain the following A Create appropriate notes as year-to-year documentation for managing depreciation, supplies, and inventory Ill. Management Analysis Brief: Your management analysis brief should explain financial information to management. Provide evidence from your accounting workbook to support your ideas where applicable. A Discuss the impact of the pro forma financial statements for predicting ability to meet future expansion goals. B. Describe the implications of inventory costing, contingent liabilities, and revenue recognition Identify potential issues in interpretation of financial information, providing examples to support your ideas Rubric Suidelines for Submission: Your accounting workbook must be submitted as a Microsoft Excel document, notes to the financial statement must be sub Microsoft Word document, and your management analysis brief should be a 1 to 2 pare Microsoft Word document with double spacing. 12.point Tim Roman font, and one inch margins. verview: For Milestone Two, which is due in Module Five, you will create pro forma financial statements, notes to the financial statements, and de bort for management explaining the impact of pro forma financial statements on the company's expansion plans, Implications of Inventory costing bilities, and revenue recognition. In your management analysis brief, you will also identify potential issues in Interpreting financial statements. ompt: First, review the Final Project Scenario document and the accompanying workbook. Using your review of the scenario, develop a manageme ef that addresses the critical elements indicated below. Use Information from your accounting workbook to support your claims in the manageme te: Milestone Two is a draft of some critical elements of the final project. Note that the management analysis brief informs the management analy e final project mecifically, the following critical elements must be addressed: Accounting Workbook: Your accounting workbook must include appropriate calculations and statements: A. Create pro forma financial statements for predicting ability to meet future expansion goals. ll. Notes to the Financial Statements: Your notes must contain the following A Create appropriate notes as year-to-year documentation for managing depreciation, supplies, and inventory Ill. Management Analysis Brief: Your management analysis brief should explain financial information to management. Provide evidence from your accounting workbook to support your ideas where applicable. A Discuss the impact of the pro forma financial statements for predicting ability to meet future expansion goals. B. Describe the implications of inventory costing, contingent liabilities, and revenue recognition Identify potential issues in interpretation of financial information, providing examples to support your ideas Rubric Suidelines for Submission: Your accounting workbook must be submitted as a Microsoft Excel document, notes to the financial statement must be sub Microsoft Word document, and your management analysis brief should be a 1 to 2 pare Microsoft Word document with double spacing. 12.point Tim Roman font, and one inch margins