Financial Reporting Problem, Apple Inc.

Financial Reporting Problem, Apple Inc. (for Accounting Class)

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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 (1 page of Excel and 4 pages of the essay):
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 (I have attached the Apple
Inc. financial statements).

Financial Reporting Problem, Apple Inc. (for Accounting Class)

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

Financial Reporting Problem, Apple Inc. (for Accounting Class)

Order 100% Plagiarism Essay Now

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.