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. Leases A. What are the differences between operating and capital leases? B. Describe the particular leases of your company based on the liability section of your companys balance sheet. C. What impact have the leases had on the companys financial statements for the most recent year? D. Discuss the advantages and disadvantages of leasing a building versus purchasing one.

VI. 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 companys statement of changes in financial position (SCFP). Support your opinion. B. Review the companys 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