Refer to the latest Apple Inc. Annual Report for the year ending September 26, 2015, available on
Apple’s website via following link:
<https://files.shareholder.com/downloads/AAPL/1458918835x0x861262/2601797E-6590-4CAA-86C9-
962348440FFC/2015_Form_10-K_As-filed_.pdf>.
Answer the following questions.
Required
A. State the accounting equation for Apple in dollar figures at the end of the reporting period for the
end and beginning of the last reporting year. Comment on what this reveals about Apple’s
financing policy.
B. State Apple’s advertising costs for 2015, 2014 and 2013.
C. Explain how Apple could apply the principle of materiality of an item of financial information when
preparing financial reports.
D. Corporate reporting is evolving and is more than reporting on profits. Reporting on the entity’s
performance related to people and the planet is increasingly important and included within the
annual report or as a stand-alone report. List examples of such reporting by Apple.

Marking Guide

Part A-5
Correctly results for accounting equation for the beginning
and end of 2015;
A critical comment on the company’s financing policy

Part B- 3
Accurately identify and provide required information from
the financial report.

Part C -4
Adequately explain and apply the concept of materiality to
the case

Part D- 4
Excellent understanding of sustainability reporting and
provide sufficient examples disclosed by Apple.

 

 
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