Accounting for the iPhone at Apple‚ Inc. (HBS 9-111-003) 1. Exhibit 3 provides the journal entries under subscription accounting. Refer to the example in Exhibit 3. a) Complete the following FSET assuming the Apple follows subscription accounting to account for iPhone’s sales revenue (separately for the transaction in Quarter 1 and in Quarters 2 to 8). Balance Sheet Income Statement Transaction Cash Asset + Noncash Assets - = Liabilities + Contrib. Capital + Earned Capital Revenues
Premium Revenue Generally Accepted Accounting Principles Income statement
Analysis Case 1 Chapter 17 Name Institution Introduction Observation of standard accounting practices is a requirement for publicly traded companies. The companies are obligated to follow strict accounting rules in the presentation of their financial statements to enable the readers of such statements to compare performances by different companies easily. Financial institution and shareholders of various private companies may also require private companies to comply with certain accounting standard
Premium Audit Public company Privately held company
viewed Leeson to be independent. 4. Background Review: Due to the fact that the management of Baring Bank had created a wrong impression of Leeson they failed to investigate him even to the claims of the 88888 account letting the culprit handle the case and do a report to them. This was wrong and led to Leeson falsifying documents to cover up his tracks. 5. Limits to
Premium Nick Leeson Nick Leeson Barings Bank
in common? Not every book has something in common with another‚ but some have so much in common they could be the same book. In The 13th warrior and in Beowulf there seems to be some slight differences‚ but there are also some major similarities. Beowulf and The 13th Warrior are two completely different stories but yet seem to have so much in common. While both The 13th warrior and Beowulf are based on the same topic‚ they both have very different views of fighting and winning. One similarity that
Premium Beowulf English-language films Epic poetry
In Friday 13th’s lesson we worked on combining techniques used by Frantic Assembly and Stafford-Clark with the central themes from Miller’s The Crucible. To begin‚ we took the chair duet we had created in a previous lesson whilst learning about Frantic Assembly‚ and stripped it of the storyline we had created for it about toxic friendships. We then assigned characters‚ with Emily as a bride‚ Milly as mother of the bride and me as the bridesmaid. Next‚ we used cards to measure how excited our character
Premium Marriage Family Woman
Jocelyn Serrano Art 118L 10/28/16 Assignment 3 Ava DuVernay’s film “The 13th” showed the history of mass incarceration‚ especially Black criminalization. She got the title from the 13th amendment from the Constitution that freed the slaves and stopped servitude except for those who committed criminal offenses. She explained how America has used this loophole in order to exploit it and jail as many people as they could. After the Civil War there was a huge shortage of labor so in order to basically
Premium United States Race American Civil War
UNDERGRADUATE PROGRAMME HANDBOOK 2014 – 2015 ACCOUNTING & FINANCE BSc Accounting (N400) BSc Accounting and Finance (N490) BSc Accounting and French (N410) BSc Accounting and German (N4R2) BSc Accounting and Spanish (N4R4) BSc (Econ) Accounting and Economics (Joint Honours) (LN14) BSc (Econ) Accounting and Management (Joint Honours) (NN24) BSc Finance and Management (NN23) INTERCALARY YEAR ©2014 Cardiff Business School Version control: v1.0: Initial version published to students CBS0422 Created
Premium Management Business Economics
customer loyalty‚ and perhaps most importantly‚ human capital. These intangible assets are likely to provide tremendous earnings growth in the future which determines the company’s market value. Notice also that the company’s choice of conservative accounting policies has the effect of depressing the company’s book value of equity. 2. What effect did Microsoft’s software capitalization policy have on its financial statements? Ignore any potential tax effects. a. Assume that 60% of Microsoft’s
Premium Generally Accepted Accounting Principles Income statement
Case 8-28. Evaluating a Company’s Budget Procedures. 1. Identify the problems that exist in Ferguson & Sons Manufacturing Company’s budgetary control system and explain how the problems are likely to reduce the effectiveness of the system. The overall company’s strategy is not well defined by executives and communicated to the management. There is no goal other the cost reduction at total company level as well as at departmental level. Managers don’t see connection between expenses‚ revenues
Premium Budget Goal Management
Department of Accounting Detailed Syllabus of Third Year Four-Year B.B.A. (Honours) Course Effective from the Session: 2009–2010 National University Syllabus for 4 years BBA Honours Course Subject : Accounting Third Year (Honours) Third Year: 32 Credit Hours Course Code COURSE TITLE Marks Credit Hours Audit and Assurance 100 4 Advanced Accounting-I 100 4 Cost Accounting 100 4 Management Accounting (in English)
Premium Management accounting Cost Costs