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Explain how postretirement plans will impact the company financially in the short and long term, using examples from the accounting workbook to support claims.

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Overview: For Milestone Two, which is due in Module Five, you will develop a portion of the workbook and a brief memo to management explaining the impacts of accounting for leases and postretirement benefits. You will build on this milestone in subsequent modules to create the balance sheet and executive summary portions of your final project. Prompt: Using your review of the Final Project Scenario document, begin your workbook and develop the second part of your executive summary, including the impacts of leases and postretirement benefits. Note: Milestone Two is a draft of some of the critical elements of the final project. Specifically, the following critical elements must be addressed: I. Workbook A. Calculate capital lease obligations for determining debt and depreciation. B. Calculate pension payouts to determine the company’s financial obligations. C. Prepare adjusting entries for postretirement benefits and capital lease obligations. II. Management Brief: Compose a report that appropriately communicates the impact of revisions to stakeholders. A. Explain the implications of capital lease based on how it relates to the company’s equipment usage. B. Explain how postretirement plans will impact the company financially in the short and long term, using examples from the accounting workbook to support claims. Rubric Guidelines for Submission: Your workbook must be submitted as a Microsoft Excel document, and your management brief should be a 1- to 2  page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins


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