Segment information is reported based on the internal reporting system of the company as opposed to the authoritative accounting requirements based on GAAP.

Question 1:

Analyze the relevant disclosure reporting requirements related to each separately reportable operating segment and speculate on at least three (3) accounting problems that exist under U.S. GAAP related to interim financial reports. Speculate on at least three (3) accounting problems that exist under U.S. GAAP related to interim financial reports. Next, give your opinion as to whether disclosures provide financial statement users beneficial information for investment or credit decisions. Provide examples to support your response.