SEC 10-K Paper on Walt Disney Company

Using The Walt Disney Company and address the following questions in the paper:

I.                   Company’s business and industry

a. Type of Industry;

b. Primary products, including new products that were developed within the last two years;

c.. Position on the Fortune 500 list for the current year and prior year;

d. Headquarters location;

e. Functional Currency;

f. Business risk, including the evaluation of:

1.      Operating environment

2.      Industry characteristics (e.g., cyclicality and capital intensity).

3.      Success factors and areas of vulnerability;

g. Financial risk; and

h. For each item, compare Walt Disney to its competitors

II.                 Accounting issues

a.       Inventory method, including the accounting standards for IFRS and U.S. GAAP;

b.      Compare your selected company’s inventory method to its competitor’s inventory method;

c.       Accounting policies discussed in Walt Disney's SEC 10-K;

d.      Foreign currency issues that Walt Disney is facing; and  

e.       Compare Walt Disney's accounting and foreign issues to its competitor

III.             Assess of Walt Disney 

a.       Compete the following ratios for Walt Disney and its competitor:

1.      Current ratio;

2.      Inventory Turnover ratio;

3.      Total Asset turnover;

4.      Financial leverage;  

5.      Interest coverage;

6.      Debt to equity; 

7.      Basic EPS, and

8.      Diluted EPS

b.      Assess the financial strength of your company;

c.       Summarize how Walt Disney is performing compared to its competitor

IV.             Audit Reports

a.       Audit Firm that conducted the audit

b.      Audit opinion for the last two years

c.       Deficiencies – discuss deficiencies identified during the audit.

d.      Audit Opinion for Walt Disney's competitor

V.                Conclusion

Instructions

Your deliverable should be two - four pages in length, double-spaced, with APA format for citations and references.