Question: Why do financial statement users financial analysts for example need
Why do financial statement users (financial analysts, for example) need information about segments of a firm?
Answer to relevant QuestionsList the types of information that must be presented for each reportable segment of a company under the rules of SFAS No. 131 [ASC 280]. Describe the guidelines to be used in determining (a) What constitutes an operating segment, and (b) Whether a specific operating segment is a significant segment. Some accountants hold the view that each interim period should stand alone as a basic accounting period, whereas others view each interim period as essentially an integral part of the annual period. Distinguish between these ...Twodor Company is involved in four separate industries. Selected financial information concerning Twodor’s involvement in each of the four industries is presented below:Required:Using all tests, determine which of the ...Disclosure A company incurred an extraordinary loss in the second quarter and has prorated this loss over the three remaining quarters in the current fiscal year. Is this appropriate? Why or why not?
Post your question