Earnings conference calls often are filled with compliments from analysts, if not sometimes obsequious exchanges. Not this one. Why not?
Do you understand Skullcandy’s earnings announcement? What is the difference between GAAP income and adjusted income? Why did SG&A increase so much YOY? Why was the effective tax rate so low?
Here is Apple’s response to the below article about Apple’s taxation. Maybe this will help you think about your answers to the below questions.
Did Apple do anything “wrong” by “sidestepping” taxes? Regardless, should anything be changed with respect to taxation, and if so, why? And what exactly?
You’re the CFO. Where do you put your cash in light of near zero rates? What matters more: return on investment or return of investment?
Why do you think firms may be inclined to “over-disclose” in their notes to the financial statements?
Ok, let’s assume that you will fully support the professor’s position essentially to stop giving students exams, or at least “traditional” exams. So, students, should you be assessed at all? Why or why not? If so, how? Describe how the assessment would be implemented.
Why is so-called principles-based accounting (IFRS) problematic for the U.S. in light of its perceived litigiousness?
If you are a voting Google shareholder, how are you better off after the stock split? Page, Brin, and Schmidt have “protected Google from outside pressures,” buy why, and what are these pressures?
What is the theoretical link between firm value and leverage? What is the behavioral effect of leverage that may affect this link?
Should the FASB have pushed for more qualitative disclosures about going concern? What would be the downside?
Describe the nature of the problem between a bank’s research division and its investment banking division. What are the concerns about the breach in the “Chinese Wall”?
If special accommodations are made for Islamic law, how would this contravene the goal of a single set of global standards?
