Financial Reporting Problem, Apple Inc

Purpose of Assignment

The purpose of this assignment is to help you understand the basics of financial statement analysis related to the assets section of the balance sheet, data interpretation, and how financial information is obtained to understand how a company accounts for its long-lived assets.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

Note: The financial statements of Apple, Inc. are presented in Appendix A of Financial Accounting. Instructions for accessing and using the company’s complete annual report, including the notes to the financial statements, are also provided in Appendix A.

Complete a 1,050-word summary of findings and recommendations from the following questions:

  • What were the total cost and book value of property, plant, and equipment at September 27, 2014?
  • Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes?
  • What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows).
  • Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013?
  • Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014.

Use the Week 2 Excel® spreadsheet to show your work and submit with your summary

You can leave a response, or trackback from your own site.


11 Responses to “Financial Reporting Problem, Apple Inc”

  1. 804534 357706 There are some fascinating points in time in this write-up but I dont know if I see all of them center to heart. There is some validity but I will take hold opinion until I appear into it further. Great post , thanks and we want more! Added to FeedBurner as effectively 980799

  2. 512519 908347I conceive this internet internet site holds some real superb information for everybody : D. 744713

  3. 76662 62452I agree with most of your points, but several need to have to be discussed further, I will hold a small speak with my partners and possibly I will look for you some suggestion soon. 518467

  4. 407055 883670Good read, I just passed this onto a colleague who was performing some research on that. And he really bought me lunch as I discovered it for him smile So let me rephrase that: Thank you for lunch! 357447

  5. 641749 899956I like this website very considerably so a lot outstanding data. 14254

  6. 546981 423223wonderful post. Neer knew this, regards for letting me know. 252361

  7. Rusty Widger says:

    This seller does not mean that you can handle specific relationships.

  8. 192057 332991hey good web site i will definaely come back and see once again. 241562

  9. In addition, sixty groups have increased significantly.

  10. 545728 325763amazing post. Neer knew this, regards for letting me know. 456534

  11. 688018 612228I likewise conceive thus, perfectly written post! . 758192

Leave a Reply

Powered by WordPress | Designed by: buy backlinks | Thanks to webdesign berlin, House Plans and voucher codes