Discussion question

Analyze Netflix’s Accrual and Deferral Accounts [WLOs: 1, 2, 3] [CLOs: 1, 2]Prior to beginning work on this discussion, read Netflix’s Inc. most recent Annual Report retrieved from www.netflix.com (Links to an external site.). Netflix is the world’s leading internet entertainment service with over 117 million members in over 190 countries enjoying more than 140 million hours of TV shows and movies per day, including original series, documentaries and feature films. Using the most recent financial statements for Netflix, Inc., list of all the accrual-type accounts and deferral-type accounts that you can find on the balance sheet. Then, in a minimum post of at least 200 words, discuss the differences between these accrual and deferral accounts.Follow the steps below to obtain the financial statements of Netflix, Inc.:Visit Netflix’s website at www.netflix.com (Links to an external site.).Click on the “Investor Relations,” link found at the bottom of the websiteClick on the “Annual Reports and Proxies” link found on the left side of the webpage.Click on the PDF version of the most recent “Annual Report” (the year will precede the title).On the 2016 Annual Report, Netflix’s balance sheet can be found towards the end of Form 10-K on page 48. The “Index” to Financial Statements on page 43 can also help you locate the financial statements. (Realize that the configuration of Netflix’s website may have been changed since these steps were written.)