Examination of the Financial Situation

Apple Inc. was the company I preferred in this situation. Apple Inc. was chosen as my
organization for the course project because it has excellent accounting practises that are good as
well. As soon as their financial statements are made public. Furthermore, it is better to translate
the Apple Inc. has released its annual reports, and based on the company's earnings, it It is safe to
assume that the business has the potential to expand at a faster rate. Apple Inc. is a company
headquartered in the United States that is responsible for developing, producing, and selling
Apple products

. Weygandt, Kimmel, and Kieso (2001)

The iPhone, iPad, Watch, Apple TV, and Mac are among the products offered by Apple Inc. In
addition, the company's goods are marketed to individuals, businesses, the community, and small
businesses. The company's financial year is always made up of either 52 or 53 weeks.53 weeks
or 52 weeks Finally, Apple Inc. was founded in 1977 and is based in California. The company
As a result, in this article, a financial report is performed. Apple Inc. financial statements,
including deferred taxes, dilutive shares, and share-based compensation. Compensation as well
as the company's post-retirement plans was taken into account.

(Khan, Alam & Alam 2015).

Questions:

Question 1: Deferred tax reserves were 10,015 at the end of 2017, compared to 8, 974 at the end
of 2016. In comparison, the deferred tax obligations included $36,562 for the year ended 2017
and 31, 092 for the year ended 2018.For the financial year 2016. The sum of temporary
deductible creates deferred tax properties. Tax deductions, discrepancies, and tax expenses
(Gong 2017). Furthermore, the deferred tax assets are as a consequence of the deferred tax
assets. As a product of delayed and accrued payments, non-deductible accruals and reserves,
self-insured insurance, and prepaid store-in-store lease profits Deferred tax obligations, on the
other hand, are the result of inventory, land, and equipment acquisitions.

Answer:
The financial details revealed in the footnotes of the financial statements is the fact that there is
a record of deferred income as Apple Inc. collects money. Payments for services and goods are
rendered in advance. It covers all sums owed to you as a result of your actions. The firm offers
technological enhancements as well as a variety of non-software offerings. In addition, the sums
of deferred tax assets and liabilities are shown in the footnotes. When showing the impact of
credits and tax losses, this term is used. Finally, the annual report's footnotes According to Apple
Inc. news,

Question 2:

The permanent and temporary differences that Apple Inc. has reported in the footnotes of the
company's Accrued liabilities and expected income are representations of temporary differences;
fixed expenditures is spread. unremitted earnings and share-based payments from overseas
subsidiaries In the footnotes, there are examples of immediate and lasting discrepancies that have
been disclosed. Apple Inc.'s annual reports for 2017.

Answer:

This are calculated by tax thresholds that are enacted and added to taxable income within the
time period in which temporary disparities are supposed to be resolved (Payne 2017).
Furthermore, the company's temporary variations are due to discrepancies in income estimation,
depreciation measurement, and costs that have been accumulated Expenses sustained by the
company that have not been reimbursed.

Conclusions:

It is evident from an examination of Apple Inc.'s 2016 and 2017 annual reports that the firm has
room to expand. Often, it is clear from the company's financial statements that there are no
mistakes because Apple Inc. follows all accounting principles. Via the use of department outlets,
the company's goods are sold all around the world. Third-party wireless network carriers,
wholesalers' value-added resellers, and direct sales force as well as online retailers.

References:
Khan, U. A., Alam, M. N., & Alam, S. (2015). A critical analysis of the internal and external

environment of Apple Inc. International Journal of Economics, Commerce and

Management, 3(6), 955-961.

Payne, B. (2017). Brand Positioning and its Usefulness for Brand Management: the Case of

Apple Inc. Newcastle Business School Student Journal, 1(1), 51-57.

Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2015). Financial & managerial accounting.
John

Wiley & Sons