Executive Summary on Apple

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Executive Summary on Apple ACC/280 Executive Summary on Apple In today’s digital global network of financial accounting, information and communication are the effective and valuable traits, which help business professionals to flourish in one’s career. Organizations require that employees portray top notch accounting skills to ensure that both the individual and employer are success in business. In nearly all areas of the business world[pic][pic]communication1 image by Andrey Kiselev from Fotolia.cocommunication1 image by Andrey Kiselev from Fotolia.comGood communication is essential for building rapport with clients.c7c785a5-bc47-695e-06fc-81159576fd4a300400, establishing a level of familiarity and trust with clients, coworkers,…show more content…
How much cash and cash equivalents did the company have at the end of its 2 most recent annual reporting periods? Apple 's financials is its cash balance, with cash and cash equivalents standing at more than $51 billion as of January 2011. CEO Steve Jobs has said that this cash would not be used to buy back stock or pay a dividend, but for potential future acquisitions without the need for outside financing. In a press release given by Apple it addressed the risk and uncertainties as well as the normal cost of keeping the organization competitive and innovative. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, on consumer and business buying decisions with respect to the Company’s products; continued competitive pressures in the marketplace; the ability of the Company to deliver to the marketplace and stimulate customer demand for new programs, products, and technological innovations on a timely basis (Apple, 2011). Looking at the accounts payable for the last two reporting years Apple shows $12,015.00 for 2010 and $5601.00 for 2009 giving an increase of $6,414.00 in the one year period. Assets Apples reported the company total assets for year ending September 25, 2010 as $75,183 million dollars; this is significant increase when compared to the 2009 report for year ending September 26, 2009 as $47,501 million dollars in total company assets. The

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