Strategic Management: Financial Reporting MethodDISCUSSION QUESTION 6-1Strategic ManagementLesson 6: Putting It All TogetherDiscussion Question 1 (50 points)Select a publicly traded corporation. Review your corporation’s annual report and name three (3) specific changes that your corporation reported that you believe would be important to investigate for an industry analysis. Then provide a rationale for each of your choices; in particular, you should look at changes in top management, the board of directors, strategy, financial reporting methods, distribution of earnings and/or allocation of monies, etc. (50 points) (A 2-page response is required.)Grading RubricPlease refer to the rubric below for the grading criteria for this assignment.Discussion Question 6-1: AT&T Inc.Financial Reporting Method. Specific Change. The company adjusted its management strategy by reassessing its previous domestic video operations. The brand ventured to optimize the value of domestic video operations and hasten its capacities to innovate and implement fast-growing fiber and broadband operations. AT&T had to re-examine the classification and ability to recover the previously fixed assets linked to the video offerings. The adjustments also separated the reporting unit's consumer wireline and video, including telephony operations. It occurred by allocating historical entertainment goodwill for the group to