Information Needs and Setting Accounting Standards The Financial Accounting Standards Board requires companies to supplement their consolidated
Question:
Information Needs and Setting Accounting Standards The Financial Accounting Standards Board requires companies to supplement their consolidated fi nancial statements with disclosures about segments of their businesses. To comply with this standard, Marriott International’s 2008 annual report provides various disclosures for the fi ve segments in which it operates: North American Full-Service Lodging, North American Limited-Service Lodging, International Lodging, Luxury Lodging, and Timeshare.
Required Which users of accounting information do you think the FASB had in mind when it set this standard? What types of disclosures do you think these users would fi nd helpful?
AppendixLO1
Step by Step Answer:
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter