Analyzes and compares the accounting polices of Intel and its main competitor Advanced Micro Devices, Inc. (AMD).
Written in 2008; 3,290 words; 4 sources; MLA; $ 94.95
Paper Summary:
This paper explains that the accounting policies of Intel Corporation, the world's largest semiconductor chip maker, demonstrate equity interest in a range of private and public companies, mainly for strategic reasons and to improve earnings in weak years. Whereas, the accounting policies of Advanced Micro Devices, Inc. (AMD), Intel's chief competitor, show evidence of a big-bath scenario. The author uses a variety of accounting procedures to compare the ratio analysis, levers of conservatism and earnings management of these two companies. The paper includes 18 tables and has endnotes instead of a bibliography.
Table of Contents:
Introduction
Ratio Analysis
Table 1: EC Ratio Analysis
Table 2: Ratio Analysis
Table 3: Advanced DuPont Model
Levers of Conservatism
Revenue Recognition
Depreciation
Table 4: PP&E and Depreciation & Amortization
Allowances for Accounts Receivable
Table 5: Allowances for Accounts Receivable
Product-Warranty Reserves
Table 6: Warranty Reserves
Inventories
Table 7: Inventories
Stock-Based Compensation
Table 8: Stock-Based Compensation
Table 9: Historical Volatility of Stocks and Implied Volatility of Stock Options
Retirement Benefit Obligations
Table 10: Retirement Benefit Obligations
Earnings Management
Operating Leases
Table 11: Operating leases at Intel
Table 12: Discount Rate Calculation for AMD
Table 13: Operating Leases at AMD
Off-Balance-Sheet Liabilities
Impairment of Intangible Assets
Subsidiaries
Table 14: Timeline of Events for AMD's Investment in Spansion Inc
Table 15: Intels' Equity Investments as per December 29, 2007
Restructuring Charges
Table 16: Restructuring Charges and Offsetting Gains at Intel
Repurchase of Common Stocks
Table 17: Number of Shares and EPS at Intel
Conclusion
Table 18: Consolidated Statements of Income and Balance Sheets at Intel and AMD
From the Paper:
"Intel uses useful lives of 2 to 4 years to depreciate its equipment (which includes machinery), while AMD uses useful lives of 2 to 6 years for equipment depreciation purposes. In Table 4 below we can see that Intel's estimated total average life of PP&E is 10 years in the last three years, while AMD's fluctuates between 5 and 9 years. (The estimated total average life is calculated by dividing the gross PP&E by the depreciation expense.) The generally longer average total life at Intel can be explained by the fact that it has a higher proportion of buildings in its PP&E mix (e.g. 33% vs. AMD's 14% in 2007)."
We have thousands of high-quality term papers, research papers, essays, book reports and dissertations on every topic. At AcaDemon, you can download those term papers to help you write yours! You can be sure that the term paper, essay, book report or research paper you download are top-quality, competitively priced and high-level work.
Look for more research papers, essays and book reports on Accounting Polices
If you can't find your topic here, try another search
or try our affordable, unique custom paper alternative
Custom Research Services include:
Papers written from scratch, according to your specifications. Every paper is UNIQUE - Guaranteed
This Free Term Paper Abstract is a part of our Term Paper Library.Here you can purchase research papers, examples of essays, academic dissertations, articles, notes, analytical papers, book reports, stories and poems. We have thousands of persuasive, point-of-view, narrative, critical, compare and contrast and other types of essays in our Library. You can also find here Term papers on "Accounting Polices", Essays on "Accounting Polices", Research papers on "Accounting Polices", Student papers on "Accounting Polices", Book reports on "Accounting Polices", Dissertation on "Accounting Polices", Thesis on "Accounting Polices", Summary of paper on "Accounting Polices", Articles written on "Accounting Polices".
Look for more research papers, essays and book reports on