1. Obtain the most recent annual reports for TWO FTSE 100 companies of your choice (NOTE: you need to make sure the companies chosen have more than one operational segment and thus have meaningful segment notes for analysis). Examine the segmental disclosures provided in the segment notes of the annual reports by the selected two companies and comment on the following:

1. Based on extracts from the segment notes,

• how much and what segmental information is provided in the segment notes?
• discuss whether the companies are in compliance with the relevant accounting standard, and
• discuss the similarities and differences between their disclosure practices.

2. Comment on whether the information is useful and sufficient to allow shareholders to make informed investment decisions.

Discuss the implications of your analysis and findings, such as policy implications.