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  • Questions On The "Accounting For The Iphone at Apple, Inc." Case

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    JB
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    This document discusses questions regarding Apple's proposed alternative accounting for iPhones. It asks about the financial statement impact, whether Apple's non-GAAP numbers or GAAP better reflects economic reality, if Apple should lobby FASB to sanction their approach, and if the revenue recognition rule changing would matter.

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    Questions_Apple Inc.pdf

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    This document discusses questions regarding Apple's proposed alternative accounting for iPhones. It asks about the financial statement impact, whether Apple's non-GAAP numbers or GAAP better reflects economic reality, if Apple should lobby FASB to sanction their approach, and if the revenue recognition rule changing would matter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    14 views1 page

    Questions On The "Accounting For The Iphone at Apple, Inc." Case

    Uploaded by

    JB
    This document discusses questions regarding Apple's proposed alternative accounting for iPhones. It asks about the financial statement impact, whether Apple's non-GAAP numbers or GAAP better reflects economic reality, if Apple should lobby FASB to sanction their approach, and if the revenue recognition rule changing would matter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Questions on the “Accounting for the iPhone at Apple, Inc.

    ” Case

    1. Articulate the financial statement impact of the alternative accounting


    proposed by Apple.

    2. Under Apple's proposed alternative accounting, the reconciliation


    between net income and cash flow from operations no longer reflects
    changes in deferred costs and revenues related to subscription accounting
    as displayed under the GAAP numbers. Which method best reflects the
    economic reality?

    3. Should Apple lobby for their non-GAAP numbers to be sanctioned by


    FASB?

    4. Does it matter if the revenue recognition rule for smartphone changes?

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