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audit opinion on the financial statements in general. Argue for
providing both a qualified opinion over the financial reporting
system and an unqualified opinion on the financial statements.
Week 9 Discussion 2 "Apple, Inc." Please respond to the
following: From the case study, in 2009, the FASB issued a
ruling related to income recognition from multiple element sales
involving software to various stakeholder groups. Evaluate the
impact of Apple’s retrospective restatement of its financial
statements resulting from FASB’s ruling. Provide support for
your rationale. From the case study, examine the influence of
both Apple’s reported deferred revenue and the lobbying by
Apple executives on FASB’s ruling. Indicate your agreement or
disagreement with Apple’s attempt to influence FASB’s ruling.
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ACC 499 Week 10 DQ 1 Taxes and DQ 2 Bethlehem Steel
Corporation's
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Week 10 Discussion 1
"Taxes" Please respond to the following:
· From the e-Activity, create a scenario reflecting the differences
between GAAP and international accounting standards for taxes.
Determine which reporting standard best reflects financial
reporting for taxes, and support your position.
· Examine the impact of FIN 48 (Accounting for the Uncertainty
in income taxes) on GAAP reporting. Identify the benefits of the
requirements on financial reporting. Assess whether FIN 48 was
necessary, and support your position.
Week 10 Discussion 2