The Financial Accounting Standards Board requires companies to supplement their consolidated financial statements with disclosures about segments

Question:

The Financial Accounting Standards Board requires companies to supplement their consolidated with disclosures about segments of their businesses. To comply with this standard, the notes to the included in Time Warner Inc.'s Form 10-K for the year ended December 31, 2013 provides various disclosures for the four segments in which it operates: Turner, Home Box Office, Warner Bros., and Time Inc.
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 find helpful?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...