SEC requires separate reporting of segments based on specific criteria, the process of determining separately reportable operating segments, for which separate supplemental disclosures is required, the process of segment reporting uses the management’s specification of these operating segments, designed by the management to evaluate these segments separately for to ascertain the financial position of the enterprise. The reportable operating segment for B using all required tests in given segments.

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Chapter 13, Problem 13.3C

a

To determine

Introduction: SEC requires separate reporting of segments based on specific criteria, the process of determining separately reportable operating segments, for which separate supplemental disclosures is required, the process of segment reporting uses the management’s specification of these operating segments, designed by the management to evaluate these segments separately for to ascertain the financial position of the enterprise.

The reportable operating segment for B using all required tests in given segments.

b

To determine

Introduction: SEC requires separate reporting of segments based on specific criteria, the process of determining separately reportable operating segments, for which separate supplemental disclosures is required, the process of segment reporting uses the management’s specification of these operating segments, designed by the management to evaluate these segments separately for to ascertain the financial position of the enterprise.

The way a substantial portion of B’s operations are explained by its segment information using calculations in requirement “a”

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Need an answer for question B (i ii iii) (b) Obtain the most recent annual reports for TWO FTSE 100 companies of your choice (NOTE: you need to make sure the companies chosen to have more than one operating segment and thus have meaningful segment notes for analysis). Examine the segmental disclosures provided in the segment notes of the annual reports by the selected two companies and comment on the following:i. Based on extracts from the segment notes,• how much and what segmental information is provided in the segment notes?• discuss whether the companies are in compliance with the relevant accounting standard, and• discuss the similarities and differences between their disclosure practices. ii. Comment on whether the information is useful and sufficient to allow shareholders to make informed investment decisions iii. Discuss the implications of your analysis and findings, such as policy implications.

Need an answer for question B (i ii) (b) Obtain the most recent annual reports for TWO FTSE 100 companies of your choice (NOTE: you need to make sure the companies chosen have more than one operational segment and thus have meaningful segment notes for analysis). Examine the segmental disclosures provided in the segment notes of the annual reports by the selected two companies and comment on the following:i. Based on extracts from the segment notes,• how much and what segmental information is provided in the segment notes?• discuss whether the companies are in compliance with the relevant accounting standard, and• discuss the similarities and differences between their disclosure practices. ii. Comment on whether the information is useful and sufficient to allow shareholders to make informed investment decisions Please don't share the answers if possible because it will cause plagiarism. thank you for your support.

(Segment Reporting—Theory) The following article appeared in the Wall Street Journal.Washington—The Securities and Exchange Commission staff issued guidelines for companies grappling with the problem of dividing up their business into industry segments for their annual reports.An industry segment is defined by the Financial Accounting Standards Board as a part of an enterprise engaged in providing a product or service or a group of related products or services primarily to unaffiliated customers for a profit.Although conceding that the process is a “subjective task” that “to a considerable extent, depends on the judgment of management,” the SEC staff said companies should consider . . . various factors . . . to determine whether products and services should be grouped together or reported as segments.Instructions(a) What does financial reporting for segments of a business enterprise involve?(b) Identify the reasons for requiring financial data to be reported by segments.(c) Identify…