Walt Disney Group

下面为大家整理一篇 的essay代写范文 -- Walt Disney Group，文章讲述沃尔特·迪斯尼（Walt Disney）是一家上市公司，因为按照其10-k的价格，该公司归股东所有，并且该公司向公众出售普通股。这是一家大型娱乐公司，经营许多主题公园，电视节目和消费品。

 

 

 

Walt Disney Group

 

 

What type of organization is this?

The Walt Disney is a public corporation because according to its 10-k, the company is owned by shareholders and the company sells common stocks to the public. It is a large entertainment company that operates a lot of theme parks, TV shows, and consumer products.

 

What do you know about its organizational structure?

The Walt Disney is a huge organization that operates five business segments, including Media Networks, Parks and Resorts, Studio Resorts, Consumer Products and Interactive. Most of the organization’s income comes from services the company provides and the Walt Disney series’ products. Disney Shareholders’ equity totaled 44,525 billion in 2015.

 

Who prepared these documents? Who attested to their accuracy?

The financial department staffs prepared these documents, and external auditors, CPAs, attested to their accuracy.

 

Would you recommend investing in or donating to the organization?

I will definitely suggest investing in the Walt Disney because according to its financial reports, the revenue and net income has increased from 2013 to 2015, and the earnings per share has also gone up from $3.42 per share in 2013 to $4.95 per share in 2015. Investors has gained more each year. By history, Walt Disney had been very successful and always had a capital gain, and the market risk is not o high for Disney because it does not have a lot of competitors and has been famous for more than decades. Disney movies and its products have high margin so that the organization will seem to have a capital gain and will have a high return on equity. The earnings per share will likely to go up in the future.

 

How do you feel about the organizations short-term and long-term outlooks?

In short-term, the Walt Disney has been doing really well and gaining a lot more profits. Since the company has a lot of Goodwill in assets and on-going investments, how well the company will do in the long-term will depend on the value of the Goodwill and the turnout of these investments. Disney will open a new theme park in Shanghai, China in the upcoming moth, and many people around the world are already looking for the new theme park to open. Since China has a huge population and regarding the success of Disneyland in Hong Kong, Shanghai’s Disney will likely be able to have a gain after couple years when all the construction fees are covered. Therefore in the long-term Walt Disney has a very bright future and the revenues and net incomes of the company will go up.

 

What portions of the financial statements did you find most difficult to understand? Which were most clear?

I found the consolidated Statement of Cash Flows of the financial statements the most difficult to understand because many of the operating cash flows are not clarified and the Income Statement the most clear because all the revenues and expenses are listed. The Income Statement has listed what types of revenues Walt Disney has earned and what types of expenses Walt Disney has spent for both operation and administration.

 

 

Woodruff Arts Center

What type of organization is this?

According to the Form 990, Woodruff Arts Center is a private corporation because it is owned by 104 voting members but the company does not sell its stock on public.

 

What do you know about its organizational structure?

Woodruff Arts Center has 104 voting members of the governing body, and people who work for the Woodruff Arts Center include paid employees and volunteers. The organization is a service company because most of its income comes from providing services, and the rest of its revenue comes from investments.

 

Who prepared these documents? Who attested to their accuracy?

The financial department staffs prepared these documents, and external auditors, CPAs, attested to their accuracy.

 

Would you recommend investing in or donating to the organization?

I will not suggest investing in or donating to the organization because the company had a net loss of 18 million dollars in 2015 and the organization may still lose money next year. Even though the expenses may occurred because Woodruff Arts Center is doing improvements and buying new art pieces to attract new visitors, these costs will not be covered in many years so the company will still suffer from a net loss. Also, the expenses are listed to be other expenses on the form 990, so that it is hard to tell what type of costs they are and will the company occur the same costs in the future.

 

How do you feel about the organizations short-term and long-term outlooks?

In a short term, the organization will still lose money because the company’s expenses in 2015 will cause the company’s net income to go down in a few years. But in the long-term the company will do well because the revenues of the company will cover the expenses in a long run.

 

What portions of the financial statements did you find most difficult to understand? Which were most clear?

I found the assets and liabilities section a little confusing because the organization does not specify these two categories. Many of the assets of Woodruff Arts Center may be intangible assets, and many assets are art pieces and the value of these pieces are not easy to be measured. The art pieces’ value may appreciate and depreciate through time, and different people may value these assets differently. Therefore I found that these this section of the financial statement is not really calcified because the value of these assets are hard to value and the organization does not really explain this section. The clearest section of the financial statements is the gross sale and the cost of goods sold section.

 

Compare and contrast the documents of Disney with those of the Woodruff Arts Center. What do they have in common? How are they different?

These two organizations both have a great portion of income that comes from services they provide, and both company has investments shown on their financial statements. Their difference is that Woodruff Arts Center only operates one single business but Walt Disney has many subsidiaries and sells its stocks to the public.

 

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