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The Treatment of Investments in Intellectual Property at Apple
Finance & Accounting
Pages 8 (2008 words)
Accounting Issue Analysis The Treatment of Investments in Intellectual Property at Apple Brian Giuliano Texas A&M University-Commerce Abstract The study is a brief discussion on the accounting treatment of intellectual property research and development at Apple, Inc., commenting on accounts and transactions reported on for the year 2011 and similar matters for the years 2010 and 2009 for comparison…
While these attributes have become the focus of regulation of SFAS 2 and subsequent standards SFAS 68 and 86, the objective determination thereof remains elusive and indeterminate, and therefore open to managerial discretion. The study also comments on the differences in accounting treatment among standards, such as between the SFAS and the IAS, concerning R&D expenditures. In the past it has been found that regulations allows for large write-offs of acquired R&D in favor of the acquirer, which have been tightened by recently developed standards embodied in SFAS 141 and 142. From published reports, Apple appears substantially and formally compliant with these regulations; however, greater detail and information on specific projects unavailable in the published reports would be required by a sitting and competent body to assess whether these treatments are fully compliant with the letter and spirit of SFAS. ...
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