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Question: btn 11 managerial accounting is more than recording maintaining and...

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BTN 1-1 Managerial accounting is more than recording, maintaining, and reporting financial results. Managerial accountants must provide managers with both financial and nonfinancial information includ- ing estimates, projections, and forecasts. An important estimate for Apple is its reserve for warranty claims, and the company must provide shareholders information on these estimates. REPORTING IN ACTION C1 Required 1. Access Apples 2015 10-K report, filed with the SEC on October 28, 2015, and find Note 10- APPLE Commitments and Contingencies. What amount of warranty expense did Apple record for 2015? 2. What amount of warranty claims did Apple pay during 2015? 3. What is Apples accrued warranty liability at the end of 2015? Fast Forward 4. Access Apples annual report for a fiscal year ending after September 26, 2015, from either its website (Apple.com) or the SECs EDGAR database (SEC.gov). Answer the questions in parts 1, 2, and 3 after reading the current Note 10. Identify any major changes.
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