Need 2 Accounting Assignments done

Assignment Overview

The main purpose of this Module is to review the balance sheet in more detail.

Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences. Additionally, clearly

· Distinguish between an expense (expired cost) and an asset.

· Distinguish between current and long-term assets.

· Distinguish between current and long-term liabilities.

· Review Apple’s balance sheet and provide two examples of each of the above categories.

· Discuss retained earnings and how income or loss and dividends affect this account. Review Apple’s retained earnings account and explain how it changes between the two past years.

· Comment on at least three differences between Apple’s and Samsung’s balance sheets.

· Does Apple or Samsung have more debt?

· Which of the two companies is the bigger one? Explain your reasoning. 

Assignment Expectations

The submission should be 3- to 5-pages and need to include answers to all the questions listed above. Show computations, discuss the results, and include references in APA format.

When your paper is done, submit it.