The case called “Accounting for the iphone at Apple Inc”. Discuss the role of pro forma disclosures such as the ones provided by Apple in capital…

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The case called “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 self- serving manipulation of financial disclosures.

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