(a) Describe the current requirements for the disclosure of segmental information in the annual report. (b) Discuss...

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(a) Describe the current requirements for the disclosure of segmental information in the annual report.

(b) Discuss the advantages and disadvantages to the users and preparers of annual reports of disclosing segmental data classified by:

(i) Industry groupings;

(ii) Legal entities within the group structure.

(c) Discuss the importance of the disclosure of extraordinary items to the users of the annual report in addition to the operating profit.

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Advanced Financial Accounting

ISBN: 9780273638339

6th Edition

Authors: Richard Lewis, David Pendrill

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