Locate the 2011 financial statements for The Walt Disney Company on the Internet. Once you have located these financial statements, consider the following questions.
1. Review the notes to the financial statements and determine whether the company had any accounting changes for any of the years reported. (Note: Most, if not all, of these changes will be as a result of accounting rule changes by the FASB.) To what did those changes relate?
2. Briefly describe the nature of any changes identified in (1).