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CHAPTER $1$ HANDOUT CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING $[11$ POINTS$]$

BACKGROUND

The practical application of the conceptual framework principles outtined in Chapter $1$ can be observed by reviewing the annual report of any publicly traded company. The following questions will familiarize you with the structure of a Form $10-$K$.$

REQUIRED Refer to Disney's $2020$ Form $10-$K to answer the following questions.

Note: The purpose of this assignment is to become comfortable navigating a Form $10-$K$.$ Utilizing the "find" feature defeats the purpose. We discourage you from skipping around the document in this way.

Review the cover page of Disney's Form $10-$K$.$ List four items of identifying information about Disney that can be obtained from this page.

Review the Table of Contents. Briefly summarize the information found in each of the four parts. Where can the audited financial statements be found?

Part III:

E

$3.$ Locate the Index to Financial Statements and review what is included in the audited financial statements. Who is Disney's auditor and how long have they served as Disney's auditors?

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$4.$ Using the notes to the consolidated financial statements $($specifically Note $1),$ explain the types of businesses Disney is involved in$.$ Name one thing Disney owns or operates that you were previously unaware of$.$

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CHAPTER $1$ HANDOUT $|$ PAGE $1$