...ACCOUNTING FOR THE IPHONE AT APPLE INC. 1. Articulate the financial statement impact of the alternative accounting proposed by Apple. The alternative accounting method proposed by Apple is the Non-GAAP supplements it will continue to provide during earning releases. We want to articulate the relevant financial statement impact compared to that of subscription accounting in the following ways: (1) One-year aspect Income Statement: Revenue and cost of sales will increase because it reverses the current period’s amortization of deferred revenue derived from iPhone and Apple TV. As the profit before tax increases, the income tax will also increase. Balance Sheet: Deferred revenue will drop to zero because under the non-GAAP method, it is recognised as either current year revenue or retained earnings, thus the retained earnings will increase by a large amount. Tax liability will increase as a result of increase of profit before tax. Cash flow: The alternative use of accounting method will not cause fluctuation of cash flows. (2) Consecutive years aspect With the use of its current subscription accounting method, Apple is able to make its revenue more constant, show a positive growth in a consecutive period of time and eclipse the amount of revenue recognised from non-iPhone products. Thus the alternative accounting method can help investors to understand the financial performance better. In order to illustrate this impact on financial statement, we...
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...Kenneth Collins Prof. Richard Accounting 495 10/17/14 Accounting for the iPhone at Apple Inc. In 2008 Apple decided to include non-GAAP measures of earnings along with its earnings under GAAP. The results had shown that there was a 48% increase difference between the two methods. Revenues and income under non-GAAP recording are exponentially larger which seems like the obvious choice in recording revenues. However, because Apple must recognize revenues under GAAP they are required to use the “subscription method of accounting.” Under GAAP Apple is required to record under software revenue recognition. This requires that Apple have to recognize revenues and product costs on a straight line basis for the life of its service coverage periods. Revenue has to be deferred and recognized over time. The impact of this on the income statements is that reported revenues would only account for a small portion of actual sales of the product. This could make it seem as if the company isn’t as profitable as it actually is. Non-GAAP recognition on the other hand could show how much a company is actually making in a particular period. This makes it easier for a company to show its potential for future performance. Apple decided to provide its non-GAAP financial statements to show revenues without the subscription accounting method. The non-GAAP method showed revenues of $11.7 billion compared to $7.9 billion under the GAAP method. The non-GAAP method would make companies look...
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...Accounting for the iPhone at Apple Inc. In 2008 Apple decided to include non-GAAP measures of earnings along with its earnings under GAAP. The results had shown that there was a 48% increase difference between the two methods. Revenues and income under non-GAAP recording are exponentially larger which seems like the obvious choice in recording revenues. However, because Apple must recognize revenues under GAAP they are required to use the “subscription method of accounting.” Under GAAP Apple is required to record under software revenue recognition. This requires that Apple have to recognize revenues and product costs on a straight line basis for the life of its service coverage periods. Revenue has to be deferred and recognized over time. The impact of this on the income statements is that reported revenues would only account for a small portion of actual sales of the product. This could make it seem as if the company isn’t as profitable as it actually is. Non-GAAP recognition on the other hand could show how much a company is actually making in a particular period. This makes it easier for a company to show its potential for future performance. Apple decided to provide its non-GAAP financial statements to show revenues without the subscription accounting method. The non-GAAP method showed revenues of $11.7 billion compared to $7.9 billion under the GAAP method. The non-GAAP method would make companies look more profitable on their financial statements be boosting the revenues...
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...Running head: Analytic Competitors Analytic Competitors Lev Mallinger Grand Canyon University BUS 606: Quantitative Methods August 24, 2012 “A wise man is strong and a knowledgeable man increases in his strength” (Proverbs 24:5) Introduction An analytic competitor may be described as an organization engaged in the committed activities of accumulating data, organizing and analyzing it into meaningful information, and following through with business decisions and activities informed by that information. An uninformed layperson may assume most businesses operate as an analytic competitor. This, however, may not be so. Many time business decisions are made through anecdotal or subjective non-quantitative means. An example of this might be a person wanting to open up a restaurant in town. He sees there are no 24 hour diners in the town, so he figures that since he likes diner food, other people must also and without competition he will have a good chance to succeed. It is very possible that he will succeed, but his chances of success might improve if he were to do some research beforehand. Perhaps he could gather data that informed him more about his potential customer base. How interested are they in diner food? Do the town’s people engage in night time activity that would have them out of the house during the night and early morning hours? Buy collecting data and analyzing it the restaurateur can better plan his offerings and hours of operations. While being an analytic...
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...ACCOUNTING 211 COMPREHENSIVE PROBLEM 5 ADAM’S APPLE Click Link Below To Buy: http://hwaid.com/shop/accounting-211-comprehensive-problem-5/ This problem has a value of 10% of the final grade Objective: Demonstrate application of Process Costing of a manufacturing company including the following: • Determine Department WIP inventory • Calculation of Equivalent Units • Determine Finished Goods Inventory • Calculation of COGS • Determination of Gross Profit Adam’s Apple Company makes homemade applesauce using Grandma Adam’s special recipe. The company uses a FIFO process cost system. The process starts in the Kettle Room where apples are cored, cut and added to the Kettles along with Grandma’s special spices. After several hours of slow simmering, the sauce is cooled as it moves to the Canning department where the sauce is poured into jars and sealed. After the jars are sealed they move to the packing department where they are placed into boxes and moved to finished goods where they are ready for sale. During the month of March the company sold 5,000 boxes of sauce with each box holding a dozen jars. A jar of sauce sells for $4.00. • Create the WIPs for each department indicating the Cost of each jar as it moves through the process. • Using the following information, determine the Gross Profit for the month of March. Kettle Department: Beginning Balance 16000 at 90% complete with Costs of $13,600 Ending Inventory 4000 jars at 20%...
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...entorno, del análisis de la situación y por último el análisis del SWOTT (“Strengths, Weaknesses, Opportunities, and Threats”). Este último punto se toma en cuenta, ya que su propósito es incrementar sus ventas en este producto. El “iPad”2, es una tableta o una computadora portátil liviana y fácil de utilizar, ya que su diseño fue inspirado por los teléfonos portátiles. “Apple”, es una compañía innovadora la cual decidió crear el “iPad”2 para entrar a un mercado diferente a los de los teléfonos inteligentes. No obstante, ya que creando esta nueva computadora fácil de utilizar y diferente a todo lo que el mercado estaba acostumbrado. Las ventajas del “iPad”2 en comparación a un teléfono, es el tamaño de la pantalla. Esto le da ventaja al usuario, ya que este puede navegar por el Internet con mejor facilidad que por un teléfono. Quiere decir, que el usuario no tendría que accesar desde su computadora portátil. Sin embargo; su enfoque está dirigido a diferentes mercados, educación, corporativo y al mercado de las computadoras portátiles e internet. El “iPad”2, es la sucesora del “iPad”1, donde Apple logró mejorar e innovar en la creación del “iPad”2, esta nueva tableta contiene dos cámaras. Estas dos cámaras están ubicadas una en el área frontal y la otra en el área trasera. El “iPad”2, contiene un procesador de doble núcleo A5. La tarjeta de procesamiento de video, es nueve veces más potente que el “iPad”1. Según las especificaciones del “iPad”2 esta puede...
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...point of contrast (PC). Remember that a point of contrast is a quality that both subjects possess in different ways. This is called a “difference in kind.” Apples and oranges both have seeds, but they have different kinds of seeds. Your points of contrast should avoid the Not/-Er Fallacy. In other words, you must write about the actual characteristics of each subject and not simply say one has X but the other does not, or that one has X but the other has more X. Topic Sentences (T) You will have two topic sentences in each paragraph. One will come at the beginning of the paragraph and identify the first subject as it relates the point of contrast (the general difference). After you have provided the necessary information (see below), use a transitional expression (on the other hand, in contrast, however) and write the second topic sentence which will identify the second subject as it relates to the point of contrast. Support Distinguishing Characteristics (DC) After each topic sentence, you will present in specific, clear detail the characteristics that distinguish the first subject from the second. The details you present will vary. If you were writing about the characteristics that distinguish an apple seed from an orange seed, you would need to use description in order to show the reader what makes the apples seed different. If you are writing about how a person is obsessed with his self-appearance, you would need to provide examples of the person’s...
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...Liezel Mae D. Flores FMA21FA2 The World Is an Apple Alberto S. Florentino I. Characters * Mario- Husband of Gloria, late twenties, shabbily dressed and with hair that seems to have been uncut for weeks. - lost his job because he puts just one apple in his bag * Gloria- Wife of Mario, small woman about Mario's age, with long hair, and a scrawny body * Pablo- older than Mario, sinister-looking, and well dressed. II. Setting The setting takes place in an improvised home behind the portion of the Intramuros walls. Two wooden boxes flank the doorway. III. Plot When Mario gets home, his wife Gloria puts her hand on Mario’s pocket to get some money. Then Mario suddenly gets angry and said that he don’t have any money. Gloria asked her why he said that he spend it on getting drunk and spending on other woman but Gloria didn’t believed Mario. And he said the truth that he has kicked out from his work because he get one apple and put in his bag for his daughter. Mario then told Gloria that she didn’t have to worry because he found another job. When she sees Pablo was their watching them. Pablo said that Mario will now work in dishonest ways like their past time job. Gloria tries to stop her husband going together with Pablo but Mario goes, Gloria was left home shouting Mario’s name and crying together with Tita. IV. Theme Good principles and values will effectively work beneficially to the person who have them and will...
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...Ateneo de Manila University – Loyola Schools School of Social Sciences Ed 246.6 Reading and Literature Jomar Ferrer Morena 14 September 2013 Dr. Ma. Monica L. Moreno Assignment #3: 1. Take a look at this list of words: Apple Alligator Angry Ambulance Apologize 2. Can you make this list like a story? If yes, write one. | | |A Very Short Story | |by JFM | | | |Looking at the fruits’ stall, the smell of apples got his attention. He pauses… faces the stall and places his basket on the floor. He was fascinated by| |its colors, of red and green… the smell of its fragrance… he imagines himself holding it, caressing, pressing tenderly, and slowly biting it… | | | |Somebody pushes him…...
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...About Apples History The history of apples stretches back to the days of Adam and Eve, when it is believed to have been the “forbidden fruit” described in the Bible. Despite this long standing history, apples did not always grow naturally in New England. While the first apples are thought to have grown on the lower slopes of Tian Shan, a mountain range separating Kazakhstan and Krygystan, they also grew wild in Central and Southwest Asia, China, Italy, Switzerland, Spain and Greece. Through conquest and exploration, apples were spread when Romans conquered England and when Spaniards brought them to Mexico and South America. It wasn’t until the mid 1600’s that the Pilgrims cultivated them in Massachusetts. It is believed that John Endecott, an early governor, was the first to bring an apple tree to North America, and the first orchard was planted on Beacon Hill by a clergyman named William Blaxton. It is Blaxton who is credited for growing the first named apple, the Yellow Sweeting. Once apples were established in New England, they played an active role in everyday life. As a fruit which was easily stored through the winter, as well as being very beneficial to settlers’ health, apples were a main staple in early settlers’ diets. Despite the fact that apples were not initially from North America, and have been growing disease-free for centuries in their native habitats, the early settlers found that the long, hot summers and cold winters of New England grew apples unlike...
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...Juice RecipesABCs2 Asian pears2 Apples (Choose any variety!)2 Beets2 Carrots1 cup Cabbage (choose any variety!)6 handfuls Chard 3 cups Calories: 430Protein: 11 gFiber: 2 g Apple-Beet-Carrot Juice1 Apple2 Beets3 Large Carrots1 Piece Ginger (thumb sized)4 cups Spinach/Kale Calories: 280Protein: 8 gFiber: 2 g Apple-Cantaloupe-Honeydew-Kale-Swiss Chard2 Apples1/2 Cantaloupe1/2 Honeydew6-8 leaves Kale6-8 leaves Swiss Chard Calories: 320Protein: 10 gFiber: 4 g Apple-Carrot-Beet2 Apples4 Carrots2 Beets6 leaves swiss chard – 1.5 cup1” ginger root (1 tablespoon) Calories: 300Protein: 9 gFiber: 2.5 g Apple-Cabbage-Carrot-Swiss Chard-Ginger-Lemon2 Apples1 wedge Red Cabbage2 Large Carrots1 Piece Ginger (thumb sized)6 leaves Swiss Chard1/4 lemon Calories: 321Protein: 10 gFiber: 2 g Beet, Celeriac, Carrot Juice4 Carrots, stems removed1/2-1 Apple, seeded1/2 Celeriac root1 Beet1/4 inch slice Ginger root (optional) Calories: 285Protein: 7 gFiber: 1 g Blackberry Kiwi1/4 large Pineapple, core removed and roughly cubed1 cup Blackberries1 Kiwi Fruit1/4 Comice Pear1/4 cup Coconut Water30 Mint leaves Calories: 230Protein: 5 gFiber: 2 g Carrot-Kale Combo1 Green Apple3 handfuls Spinach6-8 Kale leaves4 large Carrots1 piece Ginger (thumb size) Calories: 280Protein: 9 gFiber: 1 g Gazpacho Juice4 Plum Tomatoes1 large Cucumber2 stalks Celery1 Red Bell Pepper1/4 small Red Onion2 cups Parsley, leaves and stems, roughly choppedand packed into the measuring cup1 Lime Calories: 250Protein: 12...
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...remotely close to Apple’s because of the difficulty it assumes. Developing a piece of technology as such will require a very strong R&D team which Apple is known for having. Apple’s high operational efficiency (Reuters 2012) will also hasten the process of manufacturing the wireless charger with precision, allowing Apple to keep up with the demand that is likely to increase. In which technological domains will you lead; in which will you follow or seek from external sources? Apples technological domain is hardware and software development. Though Apple is more specialized in software development it also designs and manufactures its own hardware so the wireless charger is within Apple’s domain. In addition, wireless technology such as wifi and bluetooth became such a critical part of our lifestyle very quickly and we are still increasingly becoming dependent on it. With us and technology becoming more dependent on wireless processing, it is natural for wireless power to be introduced and there is no better timing for apple to release wireless power than now. However manufacturing something like a wireless charger will be new to Apple. The designing will solely be done by Apple but they may not have the resources needed to complete the technology. If this is the case Apple will have to seek assistance from other companies such as GE to manufacture some parts of the Wireless power...
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...between people is the key to a stable relationship. There is no denying that Frost uses two metaphors to support how a considerate amount of space that is shared with people is the magic for a sane relationship. While the two neighbors are on their way to fix the wall a neighbor states, “Oh, just another kind of outdoor game,/ One on a side”(21-22). This quote gives an explanation on how one neighbor takes the task more nonchalant than the other neighbor. The speaker compares how restoring the wall is more of a one player game. Meaning he practically has no say on what Player One does. In another part of the poem, the neighbors are repairing their wall the same neighbor thinks, “He is all pine and I am apple-orchard”(23). In this quote the neighbor is comparing themselves to a “apple-orchard” tree which means he is open to new ideas and allows people to be close to them. But then the they explain how their neighbor is a pine tree meaning they pictured them covered in barbed and sharp objects. You don't have to be a genius to know that somebody with barbed wrapped around themselves do not want to be conversating and getting too close to people. These metaphors may remind you of how a decent amount of space people put in a relationship helps their bond become stronger. While using two personification Frost conveys how having a suitable amount of room...
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...The apple is from a tree that grows in the ground. It is red and it can be used to make apple sauce, apple juice, or apple butter. Many people enjoy eating apple sauce because you can add cinnamon for flavoring. Apple juice is also a popular beverage because of its sweet taste. Sometimes people use apple butter on different types of bread. The apple is from a tree that grows in the ground. It is red and it can be used to make apple sauce, apple juice, or apple butter. Many people enjoy eating apple sauce because you can add cinnamon for flavoring. Apple juice is also a popular beverage because of its sweet taste. Sometimes people use apple butter on different types of bread. The apple is from a tree that grows in the ground. It is red and it can be used to make apple sauce, apple juice, or apple butter. Many people enjoy eating apple sauce because you can add cinnamon for flavoring. Apple juice is also a popular beverage because of its sweet taste. Sometimes people use apple butter on different types of bread. The apple is from a tree that grows in the ground. It is red and it can be used to make apple sauce, apple juice, or apple butter. Many people enjoy eating apple sauce because you can add cinnamon for flavoring. Apple juice is also a popular beverage because of its sweet taste. Sometimes people use apple butter on different types of bread. The apple is from a tree that grows in the ground. It is red and it can be used to make apple sauce, apple juice, or apple butter...
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...I felt estranged. They all loved me, and I loved all of them, but I felt estranged. Something was separating us, but I had no idea what it was. I remembered back to last year, at this same time. I would sit in the high branches of this apple tree and call out to my little sister whenever I found a perfect apple. I would hide the two best ones up there in the sky and pass the rest down to her. Later, when Papa and the older boys were out in the field and Mama was doing the wash, she would climb up to meet me. We would sit against the rough bark of the tree, our legs straddling the branches, and steal our pieces of heaven. The apples were as sweet as ambrosia and crisp like the autumn air. We would whisper quietly about our dreams of leaving the farm behind and stepping out into the world. Her eyes would grow as round as the apples we ate as I told her of all the fantastic things that were waiting for us....
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