According to the FASB, what is the major objective of segment reporting?

Q: What are unit-level, batch-level, product-level, customer-level, and organization-sustaining…

A: ABC method: ABC method is activity based cost accounting. It's the new method of accounting where…

Q: are external and internal agents modeled in REA diagrams for transactions that involve purely…

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Q: Segment reporting deals with in-detail segment-wise financial reporting in the financial statements…

A: Follow the below regulations to find out what are the segments that need to be reported as per US…

Q: What is a segment of an organization?

A: Segment: A segment refers to a subsection of an organization. It can be any part or activity of the…

Q: Give two examples of nonfinancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: What is an operating segment?

A: Operating segment: It is defined as providing information about the business actives with an…

Q: ____________________emphasizes detailed segment reports about departments, customers, products, and…

A: Managerial accounting: Managerial accounting refers to the practice of identifying, measuring,…

Q: Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory…

A: Economic Order Quantity (EOQ) Model It is a method of inventory costing that aims to identify the…

Q: industry cost standards

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: What can be understood from “Segment Reporting"?

A: Financial reporting:   It refers to the disclosure of financial results of an organization for a…

Q: The management approach requires a firm to define segments on the basis of its internal…

A: Diversified Companies:   The companies which are engaged in multiple businesses, provides a large…

Q: king capabilities, which type of report do you think is generally more important—scheduled reports…

A: Financial Statements or Reports: Financial statements are considered as a summary of the events that…

Q: What are the limitations of joint product and departmental cost allocation?

A: The limitations of joint product and departmental cost allocation.

Q: Product Type relation with Attendance endance

A: 1. type of event Pivot Table Hence Highest average attendance is for Concert Type of Event Question…

Q: Briefly explain the relationship between the organisation's mission statement and performance…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Do you think it is possible to set standard for delivery of service, which are primarily dictated by…

A: Standards are set for efficient utilization of operation resources and to perform the activity with…

Q: What is a production report? What purpose does this report serve?

A: Production refers to the sum total of value of goods created by an entity over a particular time…

Q: What is a segment of an organization? Give several examples of segments.

A: A segment is a subsection of an organization It can be any part or activity of the organization,…

Q: ustry specialized.

A: Given: To explain the reason of industry specialized as,

Q: Explain the difference between the engineered-cost and discretionary-cost approaches to…

A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…

Q: State the global performance measurements and operational performance measurements and briefly…

A: Global performance measurement: The net profit is measured in dollars. The return of investment is…

Q: In a responsibility accounting system, should the recording of revenue and costs begin at the…

A: Responsibility center: A department or unit of a corporation where the management assigns the…

Q: What information must an enterprise report by geographic area?

A: The information that an enterprise must report by geographic area are:  Revenues from external…

Q: A grouping of activities concerning freight transportation and related services within a defined and…

A: When multiple modals are used it is known as intermodalism. So, option 2 is incorrect. Massification…

Q: A central issue in reporting on industry segments of a business enterprise is the determination of…

A: Segment Reporting Generally given as disclosure in the financial statements. Reporting in financial…

Q: Discuss the objectives of segmental information and the requirements for the disclosure of segmental…

A: Segmental information: Segmental information is the way of providing the overall information about…

Q: Do you think transaction processing systems differ significantly between service and manufacturing…

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Q: Write down the characteristics that defines operating segments.

A: Financial Accounting:   It refers to the process of recording the financial transactions of the…

Q: Ratios are an input into which step in the fi nancial statement analysis framework? A . Process…

A: The analysis of financial statements is the method of review for the decision-making of a firm's…

Q: Give two examples of nonnancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: For segment reporting purposes, what amounts are reported by each operating segment?

A: Segment Reporting: Segment reporting is the reporting of the operating segment of several business…

Q: What are the segment reporting rules under the FASB, and how do they differ from the IFRS? How are t

A: Segment reporting rules under the FASB Business segment reporting breaks out a company's financial…

Q: Which of the following is true about the 10% test?

A: Company as per the standard and guideline have to report about which section or the division which…

Q: Classify the following activities as per value chain analysis: 1.Communication, pricing and channel…

A: Value chain analysis are classified in two types of activities namely primary and secondary…

Q: What is the difference of segment reporting and operating segments? Are they interrelated? Please…

A: Introduction: The inclusion of a company's current segments in the disclosures that accompany its…

Q: Consistent with ASC Topic 280 which of the following is a key characteristic defining a separate…

A: Segment Reporting: it is the reporting of the company's operating segment in the financial statement…

Q: Can you explain the comparables method?( Must include how it works , key factors ,how we determine…

A: Comparable Method or comparable company analysis (CCA) is referred to as the procedures for…