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Discuss the role of pro forma disclosures

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Reference no: EM131228187

CASE : Accounting for the iPhone at Apple Inc.

Discuss the role of pro forma disclosures such as the ones provided by Apple in capital markets. Also discuss the trade-offs (faced by regulators) between granting managers flexibility so as to reflect the economic reality of innovative products and minimizing the room for selfserving manipulation of financial disclosures.

Reference no: EM131228187

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