Describe about the “Securities and Exchange Commission (SEC) Reporting” and answer the following questions?

Provide complete but concise answers to the following:

1. Based on Management’s Discussion and Analysis of Financial Condition and Results of Operations in The Walt Disney Company Form 10-K for the year ending September 29, 2018, identify/describe one thing you learned about the Company that could have a material impact on earnings.

2. Briefly describe the significant events that were disclosed in The Walt Disney Company Form 8-Ks filed on May 3, 2019 and on October 1, 2019. Why are these disclosures important?

3. Regarding the proxy statement filed on March 4, 2019, what proposals did the stockholders vote on at the 2019 Annual Meeting of Stockholders?

4. What is the primary purpose of the anti-bribery provisions of the FCPA and the accounting requirements based on the “SEC Investor Bulletin: The Foreign Corrupt Practices Act: Prohibition of the Payment of Bribes to Foreign Officials.” (To access this document, go to the Investor.gov website, click on Additional Resources, then Glossary, then scroll down and click on Foreign Corrupt Practices Act.)

5. What were Walmart’s violations of the Foreign Corrupt Practices Act? (To access this information, go to Investor.gov, click on News, then Press Releases, and then scroll down to June 20, 2019.)

6. Why does each country have its own unique set of financial reporting practices?

7. What problems are caused by diverse accounting practices?

8. What is meant by harmonization of accounting standards?

9. What are the four different ways IFRS can be used by a country?

10. Go to the FASB website, click on Reference Library, and read “Comparability in International Accounting Standards.” Prepare concise answers to the following two questions:

a. Why does FASB believe that seeking more comparable global accounting standards fits their core mission?

b. What is FASB’s three-part strategy for seeking greater comparability in accounting standards internationally?

11. Go to the IFRS.org website and click on “Around the World” and then click on “Why Global Accounting Standards?” Briefly explain the three benefits of IFRS standards.

12. Go to the IFRS.org website and click on “Use of IFRS Standards by Jurisdiction.” Scroll down and click on United States. Approximately how many foreign SEC registrants use IFRS Standards in their U.S. filings?