In this report an adamantine study has been prepared on the pricing policies and issues faced by Apple in its phones and other products. After reading and analyzing the financial review, it is observed that Apple Incorporation has been keeping its price of the products high. These high pricing policies have been followed by Apple incorporation with a view to maintain its brand image on international level. In addition to this, Apple incorporation has also facing various accounting and financial issues in its reporting frameworks. It is evaluated that company has faced problems of downward slope of its sales graph which has resulted into decrease in its overall revenue turnover (Davis & Davis, 2011). The main points which have been discussed in financial review are related to pricing policies. It is evaluated that I phone need to make changes in its pricing policies. If Board of directors could estimate the market conditions and clients demand then they would come to understand the requirement of group mapping in their products. Currently, Apple incorporation has indulged in grabbing only high class clients and fewer clients towards the low level income clients. If company wants to grow speedily then it should also develop products for people who are having low level of income. On the other hand, if company is going to keep its price high then it would also fetch company in the case of determining unfair price. This would not only result into imposition of penalty on the company but also destruct the brand image of company (Brigham & Ehrhardt, 2016). In addition to this, Apple incorporation would face accounting issues as well while recording its financial transactions related to I Phone- 8. Board of directors should understand if they would allow revenues and sales record of I phone-8 in the same accounts in which sales of all products are recorded then it would become impossible to determine the profit of company merely from selling of the I phone-8. Therefore, as per the IFRS, Apple incorporation is going to face accounting issues while recording and classifying the transactions for sale of Its I phone-8 in market. On the other side, it is also considered that if company is going to keep its products price more than certain level of Cost plus profit then it would also result into unfair trade practice issues. However, it is true to say that Apple incorporation has been known for its quality of products and premium prices. Board of directors of company could easily mitigate its high price charge issues by making expenses in its research and development department. This would increase the overall cost of production and will mitigate the unfair price issues in easy and effective manner (Moon, 2017). Management department of apple could face accounting issues due to different regulatory requirement and reporting issues. Board of directors should adopt IFRS and all the reporting countries accounting and financial rules and regulations while preparing financial statement. This would not only reduce the complexity of reporting frameworks of consolidated financial statements but also result in effective reporting frameworks. After evaluating the past data and recorded view points on the subject matter, it is observed that company has faced decline in its annual sales of its products. Board of directors and CEO of company should evaluate this matter and should endeavor towards developing new less costly products (Davis & Davis, 2011). It would help Apple incorporation to grab market share in the niche areas. Currently, Apple has been facing tough competition from Samsung. Samsung has been maintaining its international brand image in all over the world. On the other hand, Apple has been facing accounting and financial issues in reporting its products sales in various countries. Now in the end, it would be inferred that Board of directors need to make changes in their accounting and financial policies with a view to mitigate stakeholders problems (Moon, 2017). It is evaluated that I phone need to make changes in its pricing policies. If Board of directors could estimate the market conditions and clients demand then they would come to understand the requirement of group mapping in their products. Therefore, by analyzing this report board of directors of Apple incorporation could easily evaluate the ethical and accounting issues in their business functioning. These issues could be mitigated by the company if company made possible changes in its accounting and reporting frameworks as per IFRS and other applicable accounting standards in reporting of its each and every business units (Bode, 2017).
Bode, K., (2017). Fictional Systems: Mass-Digitization, Network Analysis, and Nineteenth-Century Australian Newspapers. Victorian Periodicals Review, 50(1), pp.100-138.
Brigham, E.F. & Ehrhardt, M.C. (2016). Financial Management: Theory & Practice. 15th ed. Boston: Cengage Learning.
Davis, C.E. & Davis, E. (2011). Managerial Accounting. NY: John Wiley & Sons.
Moon,P,2017, The financial review, retrieved on 15th may,2017 on https://www.afr.com/technology/mobiles-and-tablets/apple/overpriced-apple-has-become-too-expensive-to-justify-the-upgrades-20170330-gva5hn
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2018). Accounting Issues: Financial Review. Retrieved from https://myassignmenthelp.com/free-samples/accounting-issues-financial-review.
"Accounting Issues: Financial Review." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/accounting-issues-financial-review.
My Assignment Help (2018) Accounting Issues: Financial Review [Online]. Available from: https://myassignmenthelp.com/free-samples/accounting-issues-financial-review
[Accessed 02 April 2020].
My Assignment Help. 'Accounting Issues: Financial Review' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/accounting-issues-financial-review> accessed 02 April 2020.
My Assignment Help. Accounting Issues: Financial Review [Internet]. My Assignment Help. 2018 [cited 02 April 2020]. Available from: https://myassignmenthelp.com/free-samples/accounting-issues-financial-review.
MyAssignmenthelp.com delivers assignment help to millions of students of USA. We have in-house teams of assignment writers who are experts on wide ranges of subjects. We have appointed teams of native writers who provide assignment help to students in New York City and all over the USA. They are skilled assignment writers who successfully cater to search terms like do my assignment in the USA
Answer: Introduction Discussion of issues associated to the company On November 28 2018, the Economic Times reported that Bharti Airtel bears net consolidated debt of 1,14,557 crore out of which the borrowings pertaining to the Indian Operators was seen as 80,000 crores. Therefore, as per the recent report it can be seen that the company is suffering major problems associated to increased debt ratio (Kumar 2018). Discussion...Read More
Answer: Introduction: The present report is based on the assessment of financial position of the three ASX listed companies that are having the business operations in the same industry. For the purpose of this report, the companies selected here are BHP Billiton, Bluescope Steel Ltd and Boral Ltd (BHP 2019). All the three companies are from the materials industry listed under the ASX 100. The report would take into the account the latest fina...Read More
Answer: Question 1: Sales budget Question 2: Production budget Question 3: Direct materials purchases budget Question 4: Direct labour budget Question 5: Overhead budget Question 6: Selling and administrative expenses budget Question 7: Ending finished goods inventory budget Question 8: Cost of goods sold budget Question 9: Cash budget Question 10: Pro forma balance sheet Question 11: Pro forma pro...Read More
Answer: Introduction: After the preparation of the adjusted trial balance and the respective financial statements including the income statement and the balance sheet statement, it is necessary to assess the financial condition of Helen’s Hire Cars for the year 2016. In order to analyse the financial condition of the concerned organisation, the use of ratio analysis is deemed to be vital, as it helps in revealing the business problems o...Read More
Answer: Introduction: Mid-Market Innovators and their Pricing Approaches The emergence of the mid-market innovators serves as a strategy changing disruptive force (Argyres, Bigelow and Nickerson 2015). The objective of the essay is to analyze the function of the mid-market innovators along with analyzing the strategies as well as pricing approaches employed by these innovators for developing the business performance of the companies. In add...Read More
Just share your requirements and get customized solutions on time.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
expert working good with ratio analysis i got full marks for ratio but overall good presentation.
excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work excellent work by tutor and quality of good work
Brilliant work, paid attention to every details, And submitted on time for review.
The report was exceptional. Thank you for helping me with this assignment, and I am very satisfied with the result. The content was exceptional and my grade was exactly what I needed, the writer was very on point and finished my report in a timely ma...