ADVANCE CORPORATE REPORTING Summer -2021

Advance Corporate Reporting module has one individual assignment of 30 Marks. The task requires the students to write a report addressing 2 questions given below for the total of 25 marks and a presentation 5 marks. The calculation and explanation has been provided to enable you to complete your assignment more successfully. Finally, a detailed marking criterion has been provided at the end which will be used to mark your assignment.

Task 1 chapter 7

1. A multinational company, M&M plc, classifies its business into eight business segments (segments A-H). A summary of the business activities of each segment for 2020 is shown in the table below:

	Total segment revenues (inclusive of inter-segment revenues)	Segment result Profit/(Loss)	Identifiable segment assets
	OMR,000	OMR,000	OMR,000
A	268,800	126,720	565,760
B	89,600	(29,568)	275,456
C	340,480	105,600	632,320
D	179,200	84,480	579,072
E	111,104	29,568	232,960
F	100,352	(42,240)	219,648
G	21,504	27,456	93,184
H	17,920	(6,336)	83,200
Total	1,128,960	295,680	2,681,600
Inter-co elimination	80,640	21,120	99,840
Consolidated total	1,048,320	274,560	2,581,760

Additional information: Segment As total segment revenue included OMR37,400,000 of inter-segment sales, and segments D and Fs total segment revenues included OMR28,240,000 and OMR15,000,000 of inter-segment sales, respectively.

Required (3 marks)

(1) Determine which of the eight (8) business segments listed in the table above would be classified as reportable segments based on the quantitative thresholds defined in IFRS 8 Operating Segments. Show ALL related workings and provide brief justifications for your answer.

answer the question with calculation and every thing and show found the segment revenue for C