Financial Reporting Problem, Apple Inc.

Financial Reporting Problem, Apple Inc. Grading Guide

ACC/291 Version 6

Financial Reporting Problem, Apple Inc. 1

Financial Reporting Problem, Apple Inc. Grading Guide

ACC/291 Version 6

Principles of Accounting II

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Individual Assignment: Financial Reporting Problem, Apple Inc. Purpose of Assignment

The purpose of this assignment is to help you understand the basics of financial statement analysis related to the assets section of the balance sheet, data interpretation and how financial information is obtained in order to understand how a company accounts for its long-lived assets. Resources Required Financial Accounting: Tools for Business Decision Making Grading Guide

Content	Met	Partially Met	Not Met	Comments:
Completed a summary of findings and recommendations from the following questions: What were the total cost and book value of property, plant, and equipment at September 27, 2014? Using the notes to find financial statements, what method or methods of depreciation are used by Apple for financial reporting purposes? What was the amount of depreciation and amortization expense for each of the three years 2012-2014? (Hint: Use the statement of cash flows). Using the statement of cash flows, what are the amounts of property, plant, and equipment purchased in 2014 and 2013? Using the notes to the financial statements, explain in the summary how Apple accounted for its intangible assets in 2014.
The summary was 1,050 words in length.
		Total Available	Total Earned
			#/5

Writing Guidelines	Met	Partially Met	Not Met	Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
			#/3

Assignment Total	#	8	#/8
Additional comments: