Walt Disney—Revenue Recognition

Abstract

Students are presented with excerpts from the significant-accounting-policies footnote in Walt Disney's 2003 Annual Report, and are asked to respond to several questions regarding information in the footnote. Questions center on Disney's revenue-recognition practices for various lines of business and the rationale for those practices.

Excerpt

UVA-C-2244

WALT DISNEY—REVENUE RECOGNITION

Company Description

The Walt Disney Company (Disney) is one of the world's most well-known companies. The company is a diversified network spanning four basic entertainment segments: media and television networks, theme parks and resorts, motion pictures, and consumer products.

Attachments

Exhibit 1: Excerpts of significant accounting policies footnote from 2003 Annual Report

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Keywords: revenue recognition