This document discusses accounting standards applicable to Apple Inc., including IAS 21 on foreign exchange rates and IFRS 3 on business combinations. It provides details on IAS 21, which describes how to account for foreign currency transactions and translate financial statements into a presentation currency. The document also lists potential companies for Apple to include in a benchmarking study, such as Samsung, Microsoft, and Xiaomi. Finally, it outlines requirements for a critical writing assignment on applying logistics and supply chain management concepts to suggest priorities for an airline or fast food chain.

1. Mei
Part I
The below standards are applicable for Apple Inc.
IAS #21 The Effects of Changes in Foreign Exchange
Rates
IAS #29 Financial Reporting in Hyperinflationary
Economies
IAS #31 Interests in Joint Ventures (superseded by IFRS
11 Joint Arrangements and IFRS 12
Disclosures of Interests in Other Entities)
IFRS 3 Business Combinations
IFRS 8 Operating Segments
IAS 21 (The Effects of Changes in Foreign Exchange Rates)
IAS 21 describes how to account for foreign currency
transactions and operations in the financial statements and how
to translate financial statements into a presentation currency or
a reporting currency. Apple Inc. needs to translate the financial
statements of its subsidiaries with different functional
currencies into U.S. dollars. The company recognizes gains and
losses generated by foreign currency translations in
accumulated other comprehensive income in the stockholder’s
equity section on the consolidated balance sheet. Apple
reclassifies cumulative foreign currency translations as other
comprehensive income and reports them in the consolidated
statement of comprehensive income.
Part III
Apple Inc. might want to include the following companies in a
benchmarking study.
Korea- Samsung
US- Microsoft, Dell, HP
Hong Kong- Lenovo
China- Xiaomi, Huawei, Oppo
Resources:

2. Top 10 Apple Competitors In 2021. What Competitors.
Retrieved from
https://whatcompetitors.com/apple/#:~:text=The%20biggest%20
competitor%20of%20Apple,21.2%25%20of%20the%20global%2
0market.
SEC filing. (September 26, 2020). United States Securities and
Exchange Commission.
https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/0000
32019320000096/aapl-20200926.htm
Instructions – PLEASE READ THEM CAREFULLY
1- Avoid plagiarism, the work should be in your own words
2-All answered must be typed using Times New Roman (size 12,
double-spaced) font.
3- Not copying from the Internet must be in your own words, if
it is used from the Internet the reference is placed.
4- Citing of references is also necessary.
Critical Writing
The purpose of this assignment is to identify and apply
Logistics and Supply Chain Management concepts/tools to
suggest logistics performance priorities. To this purpose, you
should search and review about these companies through
secondary available information. Think about how you can
apply the concepts/tools that you learned in this course.
Suggest logistics performance priorities for any ONE of the
following; explain why you have come to your conclusions:
1. A low fare Airline FLYNAS (Service)
OR
1. A fast food chain Such as Dominos (Product)
The Answer must follow the outline points below:
1). Executive summary (word count rage 300-500)
- Summarize what is logistics performance priorities, what
Logistics and Supply Chain Management concepts/tools applied
to achieve the company’s objective.
2). Background information (word count rage 300-500)

3. - Briefly introduce the company background (e.g., name,
products, business size, location, internal/external interesting
facts, etc).
3) Problem Description (word count rage 300-500)
- Describe the objectives clearly and specifically.
- The objective may involve either logistics decision-making or
process improvement.
4) Results by using application of logistics and SCM
concepts/tools that applied
- Describe what specific logistics and Supply Chain
Management concepts/tools be applied to achieve the objective.
This section should make it clear that you understand the
concepts/tools you are about to use.
5-. References
Note: The Answer should be of each point in the range of 300
to- 500 word counts. Each point carrying
Use APA style of referencing