Here is the synopsis of our sample research paper on SONY, APPLE AND FASB POSITIONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper focuses on FASB statements and explanations that would impact Sony and Apple's hardware/laptop divisions. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTsonyappl.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
there are aspects such as inventory carry-over that need to be considered. In this paper, well examine what the Financial Accounting Services Board (FASB) might have to say about Sony
and Apples laptop divisions. In describing both of these businesses, we can make some assumptions. First, there is a heavy inventory
expense with high inventory turnover. There has to be, as the bulk of these businesses depends on meeting the demand of an ever-changing technological world. This means both companies must
not only keep an appropriate amount of inventory in stock, but that inventory needs to be relatively fresh - a computer component could lose its use in as little as
six months, due to research and development. On the R&D end, both companies calculate this activity as a percentage of sales (its
interesting to note that Sonys R&D decreased as percentage of sales, while Apples went up slightly). Before examining the FASB, well
take a look at both companys annual reports. Sonys laptop division is lumped into the "Consumer Electronics" division. Restructuring charges (resulting from the companys exit from the LCD rear-projection television
business) resulted in an inventory write-down of close to $19.7 billion yen, dedicated to restructuring charges (Sony, 2008). Whats also interesting to know, however, is that research and development expenses
and as a percentage of sales decreased from 7.1% in 2007 to 6.3% in 2008 (Sony, 2008). Also, gain on sale, disposal or impairment of assets was $37.8 billion yen
in 2008, compared to a $5.8 billion yen lose on sale during the previous fiscal year (Sony, 2008). Taking a glance at
...