MODULE 1-SLP

Module 1 - SLP

Introduction, Review of Accounting Process and Financial Statements

Module 1 - SLP

Introduction, Review of Accounting Process and Financial Statements

Introduction

The company I am choosing for this assignment is Apple Inc. The main reason for selecting this company is that the data will be available more conveniently as one of my relatives is working in the production department. He is not in a higher position but can manage to provide some information related to products or refer me to any concern personnel. Apple continues to grow faster than industry in all categories. New manufactory plants and sales offices are continually introduced to regions in order to save time and cost. The exact relationship model provides the powerful differentiator for the company to deliver satisfaction to customers of all sizes and types. Apple has focused most of the resources to support large commercial and formal organizations segment to sustain its growth by delivering superior services over competitors. In fact, Apple sells more computer systems to business organizations than any other company in the world. To adapt market change, Apple extents product categories to consumer electronics for better growth opportunities.

Business Strategy

Apple is committed to providing its customers with an unparalleled user experience through superior ease-of-use, seamless integration, and innovative product lines. The Company also views constant research and development a key component to its competitiveness looking forward. Proof of this can be seen in Apple's financial statements as a 33.7% increase in R&D expenditures was reported during fiscal year 2010. Intent focus is also placed on the discovery and delivery of digital content and applications through iTunes.

Operating Segments

Apple, Inc. currently holds retail operations in eleven different countries, which it divides into five separate operating segments; the Americas, Europe, Japan, Asia-Pacific and retail sales. Though the majority of the Company's net ...