Purpose of Assignment The purpose of this assignment is for students to learn process flowcharting/improving a process and summarizing the results. Assignment Steps Resources: Microsoft® PowerPoint® (or other software such as Vizio, Word, etc.) Select a complex process from your personal life or work. Use Microsoft® PowerPoint® or other software including Vizio, Word, etc. to create a flowchart of the as-is process. Define metrics and measure the current process. Use process improvement techniques to improve the process. Use Microsoft® PowerPoint® or other software such as Vizio, Word, etc. to create an improved process flowchart. Use judgmental forecasting, which is your professional judgement, to ascertain how the future process will perform according to your metrics.Develop a 525-word executive summary in which you describe your process improvement project (including the as-is process flowchart and the improved process flowchart). Note: Students and faculty are reminded both Six Sigma readings and Lean Principles introduced in Week 2 are spread throughout the entire course. Students will apply the knowledge from the readings in their Learning Teams throughout the course.Format your assignment consistent with APA guidelines.

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.