In this paper you will learn about an unusual or conflicting accounting principle that has impacted Apple Inc. We will review and analyze the organizations published accounting statements of the last two years. Well will also be identifying the core functions of each department, their strengths and weaknesses, and make recommendations for improvement it is needed. Then we will identify and describe the underlying problem or conflict and compare the alternative courses of action. The effects of the issue will be explained and we will recommend options that would be consistent with the organization’s accounting practices, accounting processes, and accounting-related departments. Lastly, we will include the last two years of published accounting statements.
Apple Inc. is world famous for creating the Mac. They are known by everyone and everyone knows they are the best when it comes to electronics. Apple has created MacBook’s, IPod’s, and ITunes software and know the MacBook Air. Almost every year they seem to come out with the latest technology. Because Apple is so well known, many think they are thriving, but the real question is are they? In this essay you will read about Apple Inc.’s progress and areas that need to be fixed. The Apple brand is so well known with high popularity, it enables the company to create premium pricing and significant demand for its products. When people buy electronics they prefer to buy their products because of the brand and quality. This also gives them an advantage over regional and global competitors, but because of the increase in popularity of the Android; can affect the attraction of Apple’s iOS and can affecting their market share. The company’s strength mostly comes from the brand. It also claims a strong financial performance and gives major capital for future growth (Apple Inc., n/d). The R&D team is constantly pouring innovation and combining its...
References: (n/d). Apple Inc. Cupertino, CA United States Retrieved from Hoover’s Pro
Godwin, Norman. (2010). Financial Accounting. Published by: Cengage
Please join StudyMode to read the full document