Swot Analysis Of Apple Company

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Company Overview: Apple was founded in 1976, where it was one of the first technology companies to come into existence with sole pursuit of serving individual consumers rather that the large computers. They want to bring the best personal way of communicating experience to students, educators, creative professionals, and consumers from all around the world through their new innovative hardware, software, and different internet offerings. Business Activity: Apple Is ran based off a business operational plan. It has five operating segments such as America, Europe, Japan, retail, and others. In Canada, U.S., UK and Japan all have apple owned stores that are up and currently running. Accounting Systems: Apple uses the SAP software. SAP…show more content…
Internal controls have five primary components: a control environment, risk assessment, control activities, information Apple’s management is responsible for maintaining effective internal control over the financial reporting and for its assessment of the effectiveness of internal control that is over financial reporting included in the company’s management annual report on internal control over the financial reporting. It is their responsibility to show an opinion on the company’s internal control over financial reporting based on our audit. A company’s internal control over financial reporting is a process that is designed to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with generally accepted into the accounting principles. Because of inherent limitations, internal controls over the financial reporting may not always prevent or find misstatements. Apple is well maintained in all material respects, effective internal control over financial…show more content…
Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. In 2015 apples operating income was 71,230,000 and the net income was 53,394,000. While in 2014 the operating income was 52,503,000 and the net income was 39,510,000. Balance Sheet A balance sheet is a statement of the financial position of a business which the assets, liabilities, and owners’ equity at a point in time. The balance sheet illustrates a business’s net worth. It is the most important of the three main financial statements used to illustrate the financial health of a business. The balance sheet shows that September 2015 the total assets were 89,378,000. While the end of September 2014 the total assets were 68,531,000. Cash Flow Statement A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Apple had a net cash flow operating of 81,266,000 in 2015, while in 2014 it was 59,713,000. The net cash flow for 2015 was 7,276,000 and 2014 was

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