ACC 345 Module Two Assignment Guidelines and Rubric Overview Accountants must be familiar with finding and interpreting data in a company's balance sheet and income statement. They will take these

documents and create a condensed version showing multiple years to review changes. It is important for accountants to understand the categories of the balance sheet and income statement, and the types of ratios discussed in the financial statements. This information is reported to stakeholders by accountants. Directions Use Nike's SEC 2022 10-K filing in the Supporting Materials section to complete this assignment. There are two parts for this assignment: the condensed financial statements and the summary. Module Two Workbook Template In the condensed financial statements part of this assignment, you will use the company's Securities and Exchange Commission (SEC) 2022 10-K filing to build a condensed version of the balance sheet and income statement in the Module Two Workbook Template linked in the What to Submit section. The SEC 2022 10-K filing will provide three years of income statements and only two years of balance sheets. You will need to find Nike's 2020 Form 10-K filing on the SEC website to pull the 2020 balance sheet to complete the template. Categories will be different than what you find in the annual report. Use your best judgement when classifying them. If you need to lump certain costs together, then do so. Make certain you keep accounts in the correct category (i.e., current assets, non-current assets, current liabilities, long term liabilities, and owner's equity). Each of these sections has an "other" category you can use. It is important to use the correct categories to have ratios calculate correctly. For example, the company shows cost of sales of $100K, general and administrative (G&A) expenses of $50K, and marketing expense of $10K. Combine the G&A and marketing expenses in the single line on the income statement called "Sales, General, and Administrative Expenses" in the amount of $60K. The template will provide a check digit for the Balance Sheet and Income Statement tabs. It will help with ensuring the Balance Sheet tab is balanced and the Income Statement tab net income is correct before tax. In the template, the ratios auto-calculate. You will not need to analyze the Ratio tab for historical data. You will only use the Ratio tab for explanatory purposes to complete the Module Two Summary Template. Note: You may choose to complete an assignment using a desktop program instead of SNHU's virtual desktop (VDI); however, technical support will not be provided by SNHU if you select this option. Module Two Summary Template Complete Module Two Summary Template linked in the What to Submit section. Specifically, you must address the following rubric criteria: Module Two Workbook Template Prepare the company's balance sheet accurately and completely on the Balance Sheet tab in the workbook. Include the following detail in your response: Provide all data available from May 31, 2020, to May 31, 2022. Prepare the company's income statement accurately and completely on the Income Statement tab in the workbook. Include the following details in your response: Provide all data available from May 31, 2020, to May 31, 2022. Module Two Summary Template Define the measurement of each type of ratio and the accounts included in the calculation. Refer to the Ratios tab. Explain the significance of each ratio to the company. Identify an asset or liability being measured at fair value. Include the following details in your response: Provide the specific disclosure note(s). Include the citation(s). Provide the classification for the GAAP standard that allows the fair value measurement. If you need writing support, access the Academic Support module of your course. What to Submit Module Two Workbook Template Submit the Module Two Workbook Template with the following tabs completed: Balance Sheet, Income Statement, Ratios. Module Two Summary Template Submit your completed Module Two Summary Template as a 2- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style.