In this 3rd week of your course project, you will be adding the disclosure analysis to the strategic accounting analysis.

The controller was extremely impressed in your proficiency with the financials and sent your work over to the chief financial officer (CFO). Because of your attention to detail and understanding of the Generally Accepted Accounting Principles (GAAP), the CFO asks you to review the following areas of the organization:

• Deferred taxes
• Leases
• Share-based compensation
• Dilutive securities
• Revenue recognition

For the Unit 3 report, complete the following tasks for the selected corporation: For Walmart

D - Disclosure Analysis

1. D1. Deferred taxes
2. D2. Leases
3. D3. Share-based compensation
4. D4. Dilutive securities
5. D5. Revenue recognition

Review the note disclosures related to the areas mentioned above. Address the following for the organization:

• Disclosures regarding deferred taxes, leases, share-based compensation, dilutive securities, and revenue recognition:
  • Examine the notes to the financial statements for each, and provide a summary of the accounting polices used.
• The Financial Accounting Standards Board (FASB) issued a new revenue recognition and lease standard. Review the organizations disclosures regarding revenue recognition and leases. Include a summary of impact of the updated revenue recognition and lease standard on the entity.