Discuss the arguments for and against segment reporting

Assignment Help Accounting Basics
Reference no: EM131794497 , Length: word count:1500

ACCOUNTING FOR CORPORATE STRUCTURES

Segment Reporting:

'AASB 8 requires that an entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates'. [par. 1]

This assignment/ assessment is on segment reporting. It consists of both a general theory part and an application part that involves researching Fisher & Paykel Healthcare Corporation Ltd (ASX ticker: FPH) 2016 annual report on its disclosure practices in relation to segment reporting.

Requirements:

1. In your own words, discuss the arguments for and against segment reporting as required by AASB 8. Do you think the proposed benefits of segment reporting outweigh its costs?

2. Critically evaluate the segment information disclosed in the annual report to ascertain if the disclosure practice of the company complies with the requirements of AASB 8 as regards the definition of 'operating segments' and 'reportable segments'.

Reference no: EM131794497

Questions Cloud

Find the preorder traversal of the binary tree : Perform a preorder traversal of this binary tree.Refer to the following binary tree.
Explain when to call the bond and your rationale : Include a detailed explanation of the conclusion you reached concerning whether or not to call the bond before maturity and Discuss the advantages
Perform an in order traversal of this binary tree : Perform an in order traversal of this binary tree.Refer to the following binary tree.
What is the intrinsic price per share : Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share?
Discuss the arguments for and against segment reporting : ACCT603 - 5C ACCOUNTING FOR CORPORATE STRUCTURES. Discuss the arguments for and against segment reporting as required by AASB 8
What is the modified irr at a given discount rate : A project costs $22,900 to initiate. It is expected to provide cash flows of $15,900 in Year 1 and $9,900 in Year 2.
Find the height of its left sub tree and the height : For each of the nodes, find the height of its left sub tree and the height of its right sub tree.
Provide the formula for the debt ratio : Provide the formula for the Debt Ratio and explain how it is computed. and Provide an example of how this ratio can be used indecision making in business.
Write a linear search function for such a self-organizing : Write a linear search function for such a self-organizing list using a move-to-the front strategy, in which the item being retrieved is moved.

Reviews

len1794497

1/3/2018 5:39:30 AM

Australian student, 1500 words. Submit the requirements/ answers for the assigned topic with satisfactory completion of all requirements. There is no word requirement in this assignment. However, all requirements must be addressed. Hint: you may wish to verify the reportable segments disclosed by referring to the various quantitative thresholds adopted in AASB 8.

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd