Question
you don't have to answer all of them but i'd appreciate if u did 1. Why are analysts interested in segment disclosures? 2. Describe what
you don't have to answer all of them but i'd appreciate if u did
1. Why are analysts interested in segment disclosures?
2. Describe what is meant by the "management approach" to the disclosure of operating segments.
3. How is an operating segment defined?
4. Describe the quantitative thresholds that dictate whether an operating segment must be separately disclosed in the footnotes.
5. Under what conditions can two or more operating segments be aggregated for purposes of disclosure?
6. Describe the "once inalways in" provision of FASB ASC 280.
7. Describe, in general, the types of information that must be disclosed for each operating segment separately disclosed.
8. Describe the overriding philosophy for interim financial reporting.
9. Are companies allowed to estimate inventories and gross profit for interim financial statements?
10. Inventories are generally reported at the lower of cost or market. How is this rule implemented for interim financial statements?
11. Describe, in general, the way in which costs that benefit more than one interim reporting period should be handled.
12. Describe the accrual of income taxes for interim reporting periods.
13. Why does FASB ASC 270-10-45-11 require companies to disclose the seasonal nature of their business?
14. Describe how the changes to accounting principles are handled for interim reporting periods.
15. Describe, in general, the required disclosures for interim financial reports.
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