A practical guide to segment reporting September 2008 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2008 IFRS technical publications IFRS Manual of Accounting 2008 Provides expert practical guidance on how groups should prepare their consolidated financial statements in accordance with IFRS. Comprehensive publication including hundreds of worked examples‚ extracts from company reports and model financial statements. IFRS Pocket Guide 2008 Provides a summary
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to establish principles for reporting financial information by segments. The disclosure of this information will: (a) help users of the financial statements to better understand the entity’s past performance and to identify the resources allocated to support the major activities of the entity; and (b) enhance the transparency of financial reporting and enable the entity to better discharge its accountability obligations. Definition of a Segment A segment is a distinguishable activity
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CONTRIBUTE TO SEGMENT REPORTING TRANSPARENCY? Advanced Accounting ACC 610 January 4TH‚ 2010 1. INTRODUCTION: An operating Segment is a component of an entity that may earn revenues or incur expenses‚ whose operating results are regularly reviewed by the chief operating decision maker (COMD) and for which discrete financial information is available. Generally‚ financial information is required to be reported on the basis that it is used internally for evaluating segment performance and
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SEGMENT REPORTING Many U.S. companies operate in several different industries or in different geographic area. When this occurs‚ the difficulties related to financial statement analysis are compounded. Investors who must evaluate the relative strengths and weaknesses of stock of a diversified company have a difficult task when analyzing such companies which report only the aggregate of their operations. Industry segments and geographic areas of operations can have different levels of
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multiplied by Student Answer:sales. turnover. average operating assets. residual income. Instructor Explanation:Chapter 12 Points Received: 5 of 5 Comments: 2. Question : (TCO D) For which of the following decisions are opportunity costs relevant? (A)The decision to make or buy a needed partThe desision to keep or drop a product line Yes Yes (B) Yes No (C) No Yes (D) No No Student Answer: Choice A Choice B Choice C Choice D Instructor Explanation: Chapter 13
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Relevant Costs and Decision Making 4.16 A. The fixed overhead cost will be the same regardless of which method Regina Corp goes. Based on the analysis of Yoklic‚ they will incur the additional cost of $6 per unit by purchasing the subassemblies versus manufacturing them. B. The $50‚000 that is saved by eliminating the fixed overhead reduces the cost for outsourcing. This will give Yoklic an overall $20‚000 savings for 5‚000 units by purchasing externally versus manufacturing internally
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Week Six Quiz - Due Day 7‚ Sunday‚ 10-17-10 All answers can be located in Chapters 9 and 11 of the text. Fill in the Blank – 2 points each Psychologists typically define personality as an individual’s unique pattern of thoughts‚ feelings‚ and behaviors that persists over time and across situations. The need to be with others is called affiliation motive. A desire to perform a behavior that stems from the behavior performed is called intrinsic motivation. Theory which states that emotional
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and pressures. This pattern certainly holds true in regards to financial reporting. The first financial reporting regulations were set in place during the Great Depression in reaction to the stock market collapse of 1929. These regulations were The Securities Act of 1933 and The Securities Exchange Act of 1934‚ which established the Securities and Exchange Commission (SEC) and became the foundation for future financial reporting regulations. While addressing Congress‚ President Roosevelt said that the
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Question Type: # Of Questions: # Correct: Multiple Choice 20 20 Grade Details - All Questions 1. Question : What will you need to understand and measure for an effective reengineering project? Student Answer: Cost and risk Performance of existing processes for a baseline Strategic analysis and workflow Inputs and outputs Instructor Explanation: p. 492 Points Received: 1 of 1 Comments: 2. Question : Enabling organizations
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CHFD 311 Week 6 Quiz Question 1 of 26 1.0 Points Which one of the following children provides the best example of emergent literacy? A.Two-year-old Torina tears several pages out of the family telephone book before her parents realize what she’s doing. B.When four-year-old Jack plays school with his older sisters‚ he fills a sheet of paper with lines of random letters. C.Donna is only five years old‚ and already she can read many storybooks independently. D.Six-year-old Yasser understands
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