Apple
Apple Apple
•Revenue Recognition- Net sales is derived primarily from revenues through the sale of software, hardware, digital content, peripherals, and service and support contracts. Apple recognizes revenue in accordance with industry specific software accounting guidance. •Cash- All highly liquid investments with maturities of there months or less are counted as cash equivalents.
Accounting Policies • Short-term investments- Marketable securities with maturities of less than 12 months are classified as short- term while marketable securities with maturities of more than 12 months are classified as long term. • Inventories- are computed using the first in first out method. The companies inventories consist of components and finished goods. • Property and Equipment- Depreciation is computed by straight line method over the useful lives of the asset.
- Page 2 and 3: Apple inc. has done really well for
- Page 4 and 5: Audit Report Apple’s independent
- Page 6 and 7: Apples future plan is to develop op
- Page 8 and 9: Assets= Liabilities+ Stockholder’
- Page 12 and 13: Topics of the Notes to Financial St
- Page 14 and 15: Financial Analysis Liquidity Ratios
- Page 16 and 17: Financial Analysis Profitability Ra
- Page 18: Financial Analysis Market Strength
Accounting Policies<br />
• Short-term investments- Marketable securities with<br />
maturities of less than 12 months are classified as<br />
short- term while marketable securities with maturities<br />
of more than 12 months are classified as long term.<br />
• Inventories- are computed using the first in first out<br />
method. The companies inventories consist of<br />
components and finished goods.<br />
• Property and Equipment- Depreciation is computed by<br />
straight line method over the useful lives of the asset.
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