Evaluate the segment information disclosed in annual report

Assignment Help Accounting Basics
Reference no: EM131801585 , 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'. [hint: you may wish to verify the reportable segments disclosed by referring to the various quantitative thresholds adopted in AASB 8].

Reference no: EM131801585

Questions Cloud

How many of each brand should be produced to maximize profit : Profit suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the demand for brand 1 is x = 70 - p1 thousand units.
Explain the us land borders : Explain the U.S. land borders. How are they surveilled and protected (be specific)? How would ISIS penetrate U.S. land borders?
Find the values for a closed-top box : Manufacturing find the values for each of the dimensions of a closed-top box of length x, width y, and height z (in inches) if the volume equals 27,000 cubic.
Analyze whether the i-9 form and other documents are enough : For the third part of your post, analyze whether the I-9 Form and other documents are enough to establish legal status in the U.S. .
Evaluate the segment information disclosed in annual report : ACCT603 - 5C ACCOUNTING FOR CORPORATE STRUCTURES. Critically evaluate the segment information disclosed in the annual report to ascertain
What price should be charged for each type of dinner : What price should be charged for each type of dinner now, and what is the maximum weekly profit?
What lpc contingency theory and situational leader : Summarize what LPC contingency theory and situational leadership theory say about the connection between leadership style and situational variables.
Smaller number of strategic suppliers : Supply base rationalism seeks to reduce the suppliers in which an organization deals directly to a smaller number of strategic suppliers.
Why is discretion important in the criminal process : Why is discretion important in the criminal process? Please discuss and list two references.

Reviews

len1801585

1/8/2018 12:20:37 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. 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.

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