What segmental disclosures are required, if any, for interim reports?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
SFAS No 131 requires that segmental disclosures be included in interim reports The exte...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Interim reports are issued for periods of less than a year, typically as quarterly financial statements. Should these interim periods be viewed as separate periods or integral parts of the annual...
-
What supplemental disclosures are required by FASB Statement No. 95 if a company elects to use the direct method in preparing its statement of cash flows? What disclosures are required if the...
-
What are the implications of interim reports for financial analysis?
-
Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Date Units Unit Cost June 1 Inventory 1,250 $8.00 June 3 Purchases 2,500 8.40 June 7 Sales (at...
-
A chartered bank offers a rate of 5.50% on investments of $25,000 to $59,999 and a rate of 5.75% on investments of $60,000 to $99,999 in 90- to 365-day GICs. How much more will an investor earn from...
-
Prepare journal entries to record the following transactions, assuming periodic inventory updating and first-in, first-out (FIFO) cost allocation. Jan. 2, purchased merchandise for resale Jan. 12,...
-
Jo, John and Jack are three generations of the one family involved for nearly 50 years in providing legal services. The firm is preparing its fees budget for the year ending 30 June 2025. It budgets...
-
Each of the following situations has an internal control weakness: a. Soft Wizzard Applications sells accounting software. Recently, development of a new program stopped while the programmers...
-
P = 7 kN, w = 12 KN/m and angle is 32 deg Equilibrium and support reactions for beams and frames Question 2a [25 marks] Show that the following beam is statically determinate. Determine the external...
-
What is the current yield of the 7% IBM bond issue ($1000.00 bond) at the following bond prices.Fill out the table below. Current Rate Value of Bond Coupon 6.36% $70.00 6.59% $70.00 7.00% $70.00...
-
List the three major types of enterprise wide information disclosures required by SFAS No. 131 [ASC 280], and explain how the firm's designation of reportable segments affects these disclosures.
-
Describe the methods that might be used to disclose reportable segment information.
-
Researchers from PETA and NIH collaborated on a study to examine the effect, on rats, of being reared in laboratory settings. Sets of 3 rats from 8 litters were randomly assigned to three conditions:...
-
Diana is reviewing her portfolio of investments, which includes certain bonds and stocks. She has a large amount of her funds tied up in Government of Canada Treasury bills paying 5%. She is...
-
As the lottery winner, you are promised 15 payments of $0.99 million each year starting a year from now. If the discount rate is 0.117, what is the present value of your lottery winnings? step by...
-
Suppose you put $1,000 per month into a Roth IRA starting one month from today that pays 12% APR (compounded monthly). Assume you have nothing saved today. Calculate the future value of the...
-
The conduction velocity of an unmyelinated neuron is 2 metres/second (m/s), while the velocity in a myelinated neutron is 120 m/s. how many milliseconds (ms) would it take for a nerve impulse to...
-
if there is 38 females and 135 males what is ratio of males to females? roundt to 1 decimal place. how would you get the ratio?
-
Find the equation of the line. Line passing through (1, 4) and (1, 6)
-
Solve each problem. Find the coordinates of the points of intersection of the line y = 2 and the circle with center at (4, 5) and radius 4.
-
Allow two-party competition in the elections over infinite time horizon, \(t=0,1, \ldots,+\infty\). Assume that there is an election every other period and two parties, \(i=L, R\) ("left" and...
-
Diekmann Company, a U.S.-based company, acquired a 100 percent interest in Rakona A.S. in the Czech Republic on January 1, 2010, when the exchange rate for the Czech koruna (Kc s) was $0.05. Rakonas...
-
Many companies make annual reports available on their corporate Internet home page. Annual reports also can be accessed through the SEC's EDGAR system at www.sec.gov (under Filing Type, search for...
-
Lynch Corporation has a wholly owned subsidiary in Mexico (Lynmex) with two distinct and unrelated lines of business. Lynmex's Small Appliance Division manufactures small household appliances such as...
-
Alice is single and self-employed in 2023. Her net business profit on her Schedule C for the year is $192,800. What are her self-employment tax liability and additional Medicare tax liability for...
-
D.L. Ko and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Ko, the president, to believe...
-
McCullough Hospital uses a job-order costing system to assign costs to its patients. Its direct materials include a variety of items such as pharmaceutical drugs, heart valves, artificial hips, and...
Study smarter with the SolutionInn App