Q3: Should Apple lobby the FASB to change the revenue recognition rules for smartphones? In our opinion‚ Apple should lobby FASB to change the revenue recognition rules for smartphones‚ given the following reasons:- 1. Under “non-GAAP measures”‚ Apple’s performance looked much better than that under GAAP measures. Please find below a table1 summarizing the differences of key financial data between GAAP and non-GAAP measures for the fourth quarter of 2008:- Q4 2008 GAAP ($ billions) Non-GAAP
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The role of accountant in a company zac Currently‚ with development of international economic‚ the trend of accounting internationalization will be more and more obvious. So the accountant has become a valued partner and strategic advisor in the company competition. Accountant is who is skilled in the practice of accounting or who is in charge of public or private account. An
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Accounting Methods: Cash Basis vs. Accrual vs. Hybrid Which Method is Most Advantageous for Small Business? Abstract Many tax preparers fail to communicate to their small business owner clients about the types of accounting methods allowed by the Internal Revenue Service (IRS) and the advantages and disadvantages of each. The average small business owner simply trusts that the tax preparer is utilizing the method most advantageous to them. This paper explores cash basis‚ accrual‚ and hybrid
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Twitter and Facebook. On-screen Communication On-screen based communication is communication that is displayed on a screen. Screens cans include TV‚ computers‚ monitors‚ mobile phones‚ iPad and iPod screens etc. Multimedia Communication Multimedia communication is information/data that is transferred over the network and is composed in the following types: Text‚ images‚ audio‚ Fax‚ Memos and Videos. Web-based Communication Web-based communication would be speaking to people via e-mail and using
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Accrual Method Non-profit organizations has two methods they use (1) accrual accounting method and (2) cash basis accounting. The accrual accounting method is what non- profit organization’s use it allows for the organization to keep track of all financial statements‚ cash transactions‚ expenses coming in and going out. All revenue the organization receives the accrual method would create an account for outstands cash flow. The difference between accrual accounting method and cash basis
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WHAT THEY DO: Accountants and auditors examine financial statements for accuracy and conformance with laws. Accountants and auditors prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently. Duties Accountants and auditors typically do the following: • Examine financial statements to be sure that they are
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Exercises: 1. Explain the difference between a push and a pull strategy in marketing. Under which conditions would each be appropriate? Most producers do not sell their goods directly to the final users; between them stands a set of intermediaries performing a variety of functions. In managing its intermediaries‚ the firm must decide how much effort to devote to push versus pull marketing. A push strategy uses the manufacturer’s sales force‚ trade promotion money‚ or other means to induce
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Higher National Diploma in HOSPITALITY MANAGEMENT Unit Title: Rooms Division Operations Assignment Title: Assignment 1 – Rooms Division Services Abstract Increasing the rate of room occupancy is the main target of hotel organizations. Hotel organizations also looks at the achieving customer satisfaction and finally get high profit margine. To get high level of customer satisfaction every department of hotel organization are very important. The internal communications in between departments
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Patricia Campbell "Patty" Hearst‚ now known as Patricia Campbell Hearst Shaw‚ is an American newspaper heiress‚ socialite‚ actress‚ kidnap victim‚ and convicted bank robber. Her kidnapping case is held by many as an example of Stockholm syndrome. The granddaughter of publishing magnate William Randolph Hearst‚ she gained notoriety in 1974 when she joined the Symbionese Liberation Army after they had kidnapped her. Apprehended after having taken part in a bank heist with other SLA members‚ Hearst
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CHAPTER 2: RELEVANT REVENUES AND COSTS The primary goal of a firm is to maximize profits. This implies‚ of course‚ that each decision a manager makes is consistent with that goal. Although managers are expected to rely on internally-produced reports‚ such as balance sheets and income statements‚ to help them make decisions‚ most of the information that appears on these statements is period-based rather than decision-based. A balance sheet shows the sum total of a firm’s assets and liabilities
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