AnnualReview.Week8part2

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Colorado State University, Global Campus *

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5440

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Management

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Feb 20, 2024

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Chapter 3 Submitted By: Cherrie Maestrado

Question 3.1 – What is Management saying about your company? When reading the Management’s Discussion and Analysis of Operations and Financial Condition (MD&A) asking each of the following questions will help to identify a significant fact that will help you understand your annual report. Pick an item reported in the MD&A which you believe to be significant and ask yourself:  What is it?  When did it occur?  Where did the action take place?  Who was involved?  Why did this happen?  How did it happen Answer as much of the five Ws and one H as you can from the annual report. Next, use the internet and other printed media sources to get additional information about the item. From the combined sources you should be able gather a reasonably complete assessment of the item. Identify the source of your outside material. Use the following template to complete your answers. 3.1.1 - What is Management saying about your company? Copy the item from the MD&A and paste it below. Management’s Discussion and Analysis provides a narrative on the Company’s financial performance and condition that should be read in conjunction with the accompanying financial statements. It includes the following sections: • Significant Developments • Consolidated Results and Non-Segment Items • Business Segment Results • Corporate and Unallocated Shared Expenses • Restructuring Activities • Liquidity and Capital Resources • Supplemental Guarantor Financial Information • Contractual Obligations, Commitments and Off-Balance Sheet Arrangements • Critical Accounting Policies and Estimates • Forward-Looking Statements

3.1.2 Five Ws and One H Form 10-K MD&A Outside Source Material Paste information from the 10K in this column. Paste information from outside sources in this column. Include the source link. A In your own words describe the item? The company earns from their subordinate companies Walt Disney Co. - AnnualReports.com B When did it occur? It happened in the fiscal year 2018 Walt Disney Co. - AnnualReports.com C Where did the action take place? The action took place in 2019 Walt Disney Co. - AnnualReports.com D Who was involved? Three people involved Walt Disney Co. - AnnualReports.com E Why did this happen? Disney wanted to stand out Walt Disney Co. - AnnualReports.com F How did it happen? Disney will establish a functional plan in general Walt Disney Co. - AnnualReports.com G In your opinion, what do you believe is the importance of this item to your company? How will it impact the company? It is important but not the only factor/aspect to consider. The significance of the item by the mD&A will be beneficial with the finances having the long-term objective of the company effective in the near feature. Question 3.2 – What did the Chairman say? Read the Chairman’s Message in the Annual Report to Stockholders for your company. You might also find the Chairman’s message in the company’s annual proxy statement. Identify the issues and events outlined in the Message. Highlighting the text of the issues and events can help assess their significance and prioritize them. 3.2.1 - What did the Chairman say? A In your opinion, what is the most significant issue in the Message? The company wants to maintain the leading position. The company has set the standard for not only filmmaking and/or animation, but also for branding and consumer desire. B Quote the Chairman’s description of the issue? The best of the company’s ability is the work to reach the sky C What is the significance of the issue for the company? The reinvention of the portfolio is significant

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D Did the Message include a solution for the issue? If yes, what was it? Yes, the chairman’s message had a solution E Did the solution instill confidence in you? The solution was applicable for instilling the confidence amongst the stakeholders to help protecting the company in its position. F If yes, why? If no, why? The company had clearer purpose on what they needed to maintain the best position in the market. The Chairman’s Message is read by a wide and diverse constituency. Select a group of constituents excluding stockholders, investors and financial analyst. Write your opinion of how you believe they will react to the Chairman’s message. Select one from the following constituents. Creditors Regulatory agencies Competitors Employees Local and state governments Suppliers Salespeople Foreign governments Vendors Franchisees Environmental activists Distributors Unions Consumer advocates Customers Human rights advocates Press and media Regulatory agencies 3.2.2 – What did the Chairman say? A Constituent’s name Not applicable B With respect to the company, is the constituency supportive, neutral or adversarial? Not applicable C What issue in the Chairman’s message will cause the greatest reaction? Not applicable D How do you believe the constituency will react to the issue? Not applicable E Why do you believe they will react that way? Not applicable F Will their reaction create a positive or negative impact on the Company? What will be the impact and why? Not applicable Question 3.3 – Internal Controls and Auditors Information about the company’s compliance with SOX can be found in SEC Form 10-K. The section called Controls and Procedures includes information about how the company is complying with the SOX reporting requirements. Generally preceding the section on Controls

and Procedures is the Report of Independent Registered Public Accounting Firm. It will also contain information about internal controls and auditors. Review these sections of your company’s SEC Form 10-K and answer the following questions. 3.3 – Internal Controls and Auditors A Who in your company is responsible for the internal disclosure controls and procedures? Bob Chapek The CEO B Who are members of the Audit Committee? Francis Desouza, Michael Froman and Safra Catz C What is the name of the independent auditor for your company? Price Water House Coopers D What was the auditor’s opinion of the consolidated financial statement? The company must be independent according to the US law for the federal securities E What was the auditor’s opinion of the internal disclosure controls and procedures? The audit included the performing procedures used in assessing

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