Financial statement restatement please respond to the

Reference no: EM13605477

1. Financial statement restatement please respond to the following:
a. restatements of financial statements should be a red flag to lenders and investors; choose a position and support it.
b. revisions to comparative financial statements and disclosure notes.

2. Apple, Inc. please respond to the following:
a. explain whether the accounting requirements per the FASB was an improvement over the ASC 985-605 requirement and state your rationale.
b. explain how you would have advise apple to adopt the new requirements prospectively or retrospectively.
c. discuss whether or not apple fairly presented this information in their financial statement and footnotes disclosure, and state your rationale.

Reference no: EM13605477

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