First, review the Final Project Scenario document and the accompanying Final Project Workbook. Follow the instructions below and complete the workbook with the information provided in the scenario. Using your review of the scenario, develop a management analysis brief that addresses the critical elements indicated below. Use information from your accounting workbook to support your claims in the management analysis brief.

Note: Milestone Two is a draft of some critical elements of the final project. Note that the management analysis brief informs the management analysis memo in the final project.

Specifically, the followingcritical elementsmust be addressed:

1. Accounting Workbook:Your accounting workbook must include appropriate calculations and statements:
   1. Createpro forma financial statementsfor predicting ability to meet future expansion goals. Pro Forma Statements are what if statements. If the company opens the second location, what will the budgeted income statement and budgeted balance sheets be?
2. Notes to the Financial Statements:You will find an example for how to format these notes located in the module resources. Your notes must contain the following:
   1. Create appropriate notes asyear-to-year documentationfor managing depreciation, supplies, and inventory.
   2. Create appropriate notes forlong-term debt.
3. Management Analysis Brief:Your management analysis brief should explain financial information to management. Provide evidence from your accounting workbook to support your ideas when applicable.
   1. Discuss the impact of thepro forma financial statementsfor predicting ability to meet future expansion goals.
   2. Describe the implications ofinventory costing, contingent liabilities, and revenue recognition.
   3. Identify potentialissues in interpretationof financial information, providing examples to support your ideas.