Question: SEGMENT REPORTING ( 8 marks) Siesta Ltd operates a diversified consulting service across different business sectors. It has five operating segments, with information for the

SEGMENT REPORTING ( 8 marks) Siesta Ltd operates a diversified consulting

SEGMENT REPORTING ( 8 marks) Siesta Ltd operates a diversified consulting service across different business sectors. It has five operating segments, with information for the financial year ended 30 June 2022 summarised as follows: Required: A. Determine which of the segments are reportable using the revenue test. Show all your workings. (2 marks) B. Determine which of the segments are reportable using the operating profit/loss test. Show all your workings. (2 marks) C. Determine which of the segments are reportable using the assets test. Show all your workings. (2 marks) D. What is your overall conclusion on the reportable segments if the 75% external revenue test is also applied. Show all your workings. (2 marks) SEGMENT REPORTING ( 8 marks) Siesta Ltd operates a diversified consulting service across different business sectors. It has five operating segments, with information for the financial year ended 30 June 2022 summarised as follows: Required: A. Determine which of the segments are reportable using the revenue test. Show all your workings. (2 marks) B. Determine which of the segments are reportable using the operating profit/loss test. Show all your workings. (2 marks) C. Determine which of the segments are reportable using the assets test. Show all your workings. (2 marks) D. What is your overall conclusion on the reportable segments if the 75% external revenue test is also applied. Show all your workings. (2 marks)

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