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\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/acc-201-module-2-case-latest-trident/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nACC 201 Module 2 Case Latest-Trident\nACC201\nModule 2 Case Latest\nModule 2 – Case\nINCOME STATEMENT\nAssignment Overview There are two main parts to this Case that requires you to prepare and submit a 3- to 5-page paper. Please make sure this paper is well organized and covers all of the items below.\nPart I\n• Why is revenue recognition a significant issue? How do we determine when revenues are recorded for accounting purposes?\n• Explain the difference between a product and period expense.\n• Discuss the matching concept as it relates to accounting for revenues and inventory.\n

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acc 201 module 2 case latest trident

ACC 201 MODULE 2 CASE LATEST-TRIDENT

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/acc-201-module-2-case-latest-trident/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ACC 201 Module 2 Case Latest-Trident

ACC201

Module 2 Case Latest

Module 2 – Case

INCOME STATEMENT

Assignment Overview There are two main parts to this Case that requires you to prepare and submit a 3-

to 5-page paper. Please make sure this paper is well organized and covers all of the items below.

Part I

Why is revenue recognition a significant issue? How do we determine when revenues are

recorded for accounting purposes?

Explain the difference between a product and period expense.

Discuss the matching concept as it relates to accounting for revenues and inventory.

Part II

Refer to the latest annual financial statements for the two following companies:

Apple:.apple.com/”>http://investor.apple.com/and Samsung:

.samsung.com/us/aboutsamsung/ir/newsMain.do”>http://www.samsung.com/us/aboutsamsung/ir/

newsMain.do. Generally, this information is found in the Investor Relations area of the website.

Clearly identify the companies, the time period, and include the link to the financial statements you are

analyzing in your report.

What accounting conventions do the two companies follow, US GAAP or IFRS?

slide2

Locate the income statement for the past two years for both companies. Prepare a table

comparing five items or more from each statement.

Comment on the changes from one year to another. Is the company doing better or worse? Did

revenues and expenses increase or decrease?

Is it easy to discern trends or compare the information from year to year and between the two

companies? Please, comments on both aspects and show some examples.

Assignment Expectations

The submission should be 3 to 5 pages and need to include answers to all the questions listed above.

Show computations, discuss the results and include references in APA format.

When your paper is done, send it in.

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