Intermediate Accounting, 10 Ed
10th Edition
ISBN: 9781260310177
Author: Mark W. Nelson, Wayne B. Thomas J. David Spiceland
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Question
Chapter 3, Problem 3.23Q
To determine
Segment Disclosure:
Segment reporting is reporting which is done by publicly-held entities and not by the privately held entities and it is a report regarding the operating segments of the company in the disclosures accompanying the financial statements like balance sheet. It would help the investors and creditors for taking decisions about the company.
To Know: the Segment disclosure requirements between U.S. GAAP and IFRS.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Describe any differences in segment disclosure requirements between U.S. GAAP and IFRS.
[Based on Appendix 4] What is the primary difference between interim reports under IFRS and U.S. GAAP?
What is the primary difference between interim reports under IFRS and U.S. GAAP?
Chapter 3 Solutions
Intermediate Accounting, 10 Ed
Ch. 3 - Prob. 3.1QCh. 3 - Prob. 3.2QCh. 3 - Define current assets and list the typical asset...Ch. 3 - Prob. 3.4QCh. 3 - Prob. 3.5QCh. 3 - Prob. 3.6QCh. 3 - Describe the common characteristics of assets...Ch. 3 - Prob. 3.8QCh. 3 - Prob. 3.9QCh. 3 - Define the terms paid-in-capital and retained...
Ch. 3 - Disclosure notes are an integral part of the...Ch. 3 - A summary of the companys significant accounting...Ch. 3 - Define a subsequent event.Ch. 3 - Prob. 3.14QCh. 3 - Prob. 3.15QCh. 3 - Prob. 3.16QCh. 3 - Prob. 3.17QCh. 3 - Show the calculation of the following solvency...Ch. 3 - Prob. 3.19QCh. 3 - Prob. 3.20QCh. 3 - (Based on Appendix 3) Segment reporting...Ch. 3 - Prob. 3.22QCh. 3 - Prob. 3.23QCh. 3 - Current versus long-term classification LO32,...Ch. 3 - Prob. 3.3BECh. 3 - Balance sheet preparation; missing elements LO32,...Ch. 3 - Financial statement disclosures LO34 For each of...Ch. 3 - Calculating ratios; solving for unknowns LO38 The...Ch. 3 - Balance sheet classification LO32, LO33 The...Ch. 3 - Prob. 3.3ECh. 3 - Prob. 3.9ECh. 3 - Financial statement disclosures LO34 The...Ch. 3 - Prob. 3.13ECh. 3 - FASB codification research LO32, LO34 Access the...Ch. 3 - Prob. 3.15ECh. 3 - Prob. 3.17ECh. 3 - Prob. 3.20ECh. 3 - Prob. 3.22ECh. 3 - Prob. 3.1PCh. 3 - Prob. 3.2PCh. 3 - Communication Case 31 Current versus long-term...Ch. 3 - Analysis Case 32 Current versus long- term...Ch. 3 - Prob. 3.4DMPCh. 3 - Prob. 3.9DMPCh. 3 - Prob. 3.11DMPCh. 3 - Prob. 3.15DMPCh. 3 - Ethics Case 316 Segment reporting Appendix 3 You...Ch. 3 - Prob. 3.17DMPCh. 3 - Prob. 2CCTC
Knowledge Booster
Similar questions
- Based on Appendix 12B) How does IFRS differ from current U.S. GAAP in accounting for other-thantemporary impairments?arrow_forwardDiscuss the primary differences between U.S. GAAP and IFRS with respect to thebalance sheet, financial disclosures, and segment reportingarrow_forwardTo satisfy geographic area disclosure requirements, what are the minimum and maximum numbers of countries for which information should be reported separately?arrow_forward
- Discuss the primary differences between U.S. GAAP and IFRS with respect to current liabilities and contingencies.arrow_forwardDiscuss similarities and differences between the accounting treatment for U.S. GAAP and IFRS if any from the topic you selected.arrow_forwardWhat is the important differences that exist between U.S. GAAP and IFRS?arrow_forward
- How do the non-GAAP measures differ from related official GAAP measures?arrow_forwardHow does IFRS differ from current U.S. GAAP with respect to accounting for impairments?arrow_forwardWhat would happen if both GAAP and IFRS adopted fiar value accounting? Consider both consoldiation work and international matters.arrow_forward
- Distinguish between the Customs Act, Customs Tariff Act, an EIPA Further, what is the purpose of the CCI, CCD, forms?arrow_forwardIdentify any differences between U.S. GAAP and International Financial Reporting Standards in the treatment of research and development expenditures.arrow_forwardDescribe the FASB–IASB convergence process and SEC recognition of IFRS.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning