Presentations, summarized, important tips, Footnote the resources,10 slides, explain the the financial statement, included outside resources

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I want the Presentations to be less details in the slides put all the important facts on the report , summarized, important tips, clearafaction Footnote the resources,10 slides, explain the the financial statement, included outside resources. please I need an export in accounting. recent studies 2017,2018 and 2019 please includes The different in the profits and losses from Period to other. after you finish the Slides please provide me with the report.

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Hello, I'm done, all points are fully addressed as instructed, for the word document report, I cited using footnotes as instructed.

APPLE INC FINANCIAL STATEMENT REPORT

Apple Inc Financial Statement Report
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APPLE INC FINANCIAL STATEMENT REPORT

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Apple Inc Background
Apple Inc was started by two businessmen by the name Jobs and Steve Wozniak in 1970s.
Initially, the company was known as Apple II. The company was known for its brilliant and
redefined personal computer designs. During Steve Jobs reign, Apple invested a lot in the digitalmedia industry. Apple launched the first iPod portable music player in the year 2001 before
introducing iTunes online store later in the year 2003. The company entered in to a competitive
mobile-phone industry in the year 2007 by launching the first iPhone with a touch-screen interface.
Later in the year 2008, the company launched an iPhone 3G. among other innovations made in the
same year are: - introduction of an App Store offering both iPhone and iPod touch services. During
this period, Apple Inc proved to be the best IT company due to unique technical designs,
applications and peripherals. All its products were premium-priced thus affordable to any
customers1 .
Accounting for the iPhone at Apple Inc.
For the past two decades, Apple Inc has been doing great in its iPhone Accounting
department. On October, 21st, 2008, Apple released its accounting report on the GAAP. The
accounting report showed that Apple Inc generated a revenue of $7.9 billion with a net profit of
$1.1 billion in the financial year 2007 to 2008. During the same time, the Apple’s branch
Cupertino which is located at California utilized non-GAAP measures in its accounting earnings
thus recording quarterly profit worthy $11.7 billion with a net profit value of $2.4 billion. NonGAAP financial results have proved to be effective for the case of Apple Inc iPhones since it

1

O'Grady, J. (2017). Apple Inc Financial Statements. Westport, Conn.: Greenwood Press.

APPLE INC FINANCIAL STATEMENT REPORT

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eliminates the impacts and effects of subscription accounting 2 . Through Non-GAAP, Apple
managed to record a great improvement in terms of growth in sales, net income and gross income.
Such a big deal has enabled Apple Inc’s iPhone business to grow to approximately $4.6 billion
making up a 39% growth in the entire business.
Referring to the data presented in Exhibit 1, Apple Inc recorded a total of $7,464 for third
quarter and

$6,217 for the fourth quarter for the software sales during the years 2008 and 2007

respectively. According to this exhibit, it’s clear that Apple had recorded an improvement in sales
between the year 2007 to 2008. The total assets for the years 2007 and 2008 were recorded as
$39,572 and $25,347 respectively. The total liabilities for these years were recorded as $18,542
and $10,815 respectively. Moreover, the differed value was recorded as $4,063 and $7,882 for the
years 2007 and 2008 respectively. This implied that, through subscription accounting and NonGAAP measures, Apple Inc generated enormous profits from the products sold domestically and
overseas3 .
iPhone Business Model
The company’s first iPhone 8GB model was priced at $399. This product was made
available across the company’s AT&T. To ensure the product was accessed to many buyers, Apple
Inc ...


Anonymous
Very useful material for studying!

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