E-Activity– Go to Apple Inc.’s Website and review its most recent financial statements on its Financial Information page, located athttp://investor.apple.com/financials.cfm.

  Discussion 1

“Financial Statements”  Please respond to the following:

·         From the e-Activity, analyze Apple’s most recent financial statements. Based on your analysis, predict whether Apple’s financial health will likely improve or deteriorate over the next five (5) years. Provide a rationale for your response.

·         From the e-Activity, examine Apple’s statement of cash flows. Recommend at least two (2) actions that Apple could take in order to maximize the use of its cash flows. Provide a rationale for your response.

                                                                 E-Activity— Use the Internet to research the most common threats to a computerized accounting system.

“Accounting Systems and Accruals” Please respond to the following:

·         From the e-Activity, examine the greatest threats to a computerized accounting system. Suggest two (2) preventive measures or remedies to protect the system and / or mitigate negative impact to the system. Provide a rationale for your response.

·         Pretend that you are a criminal and want to commit fraud by altering your company’s accruals. Create a brief (one [1] paragraph) plan for committing the fraud. Predict the major potential resulting damage to the company’s financial statements from the fraud.