Accounting assignment Essay Example | Topics and Well Written Essays - 1000 words - 1

Accounting assignment - Essay Exampleac, a portfolio of professional and consumer software applications, a variety of service, support and accessory offerings and the OS X and iOS operating systems.2) Examine its Balance Sheet. Make a list of different accounts of Assets, distinguishing between Current and Non-Current (Tangible and Intangible), and Liabilities, distinguishing between Current and Long-Term Liabilities. infra this revealing there are several items that are listed. These items include basis of presentation and preparation of financial statements. They prepared and presented under the U.S. GAAP. The companys fiscal course of study ends on last Saturday of September and has 52 or 53 weeks period. The second item is revenue recognition, financial instruments and foreign currency translation.This shows the Company revenue generating activities and items. Under this note there are items such as Cash, Cash Equivalents and Marketable Securities, derivative financial instrume nts and accounts receivables.The other disclosures include income taxes, long term debt, shareholders equity, comprehensive income, benefit plans, commitments and contingencies, segment information and geographic data and selected quarterly financial information that are not audited.4) Calculate the gross profit dower for each of the years shown in the companys income statements. Evaluate the companys trend in sales and gross profit. By what percentage amounts did winnings sales increase or decrease in each of the years reported?The companys sales are increasing at a stable rate however the increase in cost of sales causes the gross profit to decrease. Gross profit increases in the year 2012 but decreases in the year 2013. In the year 2012 net sales increased by (156508-108249)/108249= 44.58 percent. In the year 2013 it increased by (170910-156508)/156508= 9.20 percent.The company reports both investments in oblivious term and long term marketable securities. These marketable sec urities are carried ate their