Financial Statement Analysis Apple Inc. Muhammad Khan DeVry University Class: Acct305: Intermediate Accounting III Professor: Jodi Krausman 02-10-2013 Table of Contents Scope 3 Profile 3 Taxes 4 Deferred Tax: 4 Temporary and Permanent Tax difference: 7 Provision for Income Tax Expense: 8 Carryforward and Carryback losses: 10 Defined Benefit Plan 10 Earnings per Share (EPS) 11 Share based compensation 13 Cash Flow Statement 14 Executive Summary 16 Works Cited 17 Scope
Words: 3920 - Pages: 16
2014 Michael Velazquez FIRST SOLAR, INC. 12/31/2014 ACCT 551 Course Project Notes to Financial Statements Source for the original company financial statements: http://files.shareholder.com/downloads/FSLR/63956618x0x819571/AD02242D-C0E5-4C49-AE46-A8265164AD5F/First_Solar_2014_Annual_Report_Bookmark_-_Final.pdf TABLE OF CONTENTS Consolidated Balance Sheets for the year ended December 31, 2014, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 03 Consolidated
Words: 1945 - Pages: 8
CHAPTER 5 Revenue Recognition after Delivery * Assumes we are able to make reasonable estimates of amounts due from customers that potentially might be uncollectible. * For product sales this also includes amounts not collectible due to customers returning the products they purchased. Installment Sales * Increasing the length of time allowed for payment usually increases the uncertainty about whether the store actually will collect a receivable * The increased uncertainty concerning
Words: 5638 - Pages: 23
Company No. 364372 H SYF RESOURCES BERHAD (Incorporated in Malaysia) REPORT AND FINANCIAL STATEMENTS 31 JULY 2014 INDEX ****** Page No. DIRECTORS’ REPORT 1-6 STATEMENT BY DIRECTORS 7 STATUTORY DECLARATION 8 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS 9 - 11 STATEMENTS OF FINANCIAL POSITION 12 - 13 STATEMENTS OF COMPREHENSIVE INCOME 14 - 15 STATEMENTS OF CHANGES IN EQUITY 16 - 19 STATEMENTS OF CASH FLOWS 20 - 22 NOTES TO THE FINANCIAL
Words: 24236 - Pages: 97
Case study of “Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues” Judgment Framework and Professional Judgment Discuss the importance of “judgment framing.” “Judgment framing” occurs early in the judgment process. The definition of framing follows: Frames are mental structures that we use, usually subconsciously, to simplify, organize, and guide our understanding of a situation. They shape our perspectives and determine the information that we will see as relevant or irrelevant
Words: 2140 - Pages: 9
Outline Part 1 Background and Overview Part 2 US GAAP and IFRS Part 3 China GAAP and IFRS Part 4 Summary of Convergence Process Part 5 Pros & Cons of Convergence Part 6 The reasons for differences in accounting practice ww.ifrs.org + The International Accounting Standards Board + The International Accounting Standards Committee (IASC) Foundation + Objective – a single set of global financial reporting standards + Aim – convergence between national standards and international standards
Words: 1833 - Pages: 8
ended December 31, 2011, Zynga reported a pre-tax loss of -$406.1 million, a 420% decrease from the previous year (or -$533.1 million); pre-tax income for 2010 was $127 million. In addition to high research and development costs, Zynga’s net loss can also be attributed to “stock-based compensation expenses associated with ZSUs (Zynga’s restricted stock units) that vested in connection with their initial public offering (IPO).” As a result, income tax benefit for the year ended December 31, 2011 was
Words: 2504 - Pages: 11
payable | Кредиторская задолженность | Accounts receivable | Дебиторская задолженность | Accrual basis | Метод начисления | Accrual basis of accounting | Учет по методу начисления | Accruals concept | Принцип начисления | Accrued benefit valuation method | Метод оценки причитающихся выгод | Accrued expenses | Начисленные расходы | Accrued expenses payable | Задолженность по начисленным расходам | Accrued liability | Начисленное обязательство | Accrued revenue | Начисленная выручка
Words: 2648 - Pages: 11
understood as well as what the differences between a review and an audit are. With the examination of a subsidiary that has been established as a corporation there are certain questions that arise such as: What is the methodology used in determining deferred taxes, What it t he procedures for reporting accounting changes and error corrections, and What is the rationale behind establishing the subsidiary as a corporation. The draft below outlines my response to the questions that have been provided.
Words: 1072 - Pages: 5
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant
Words: 24374 - Pages: 98
