Has Disney regained its sparkle?

Multiple-choice questions. In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

What IFRS covers the disclosures that companies must make regarding segments?

IFRS 17

IFRS 8

IFRS 18

IFRS 10

Segmental information must be provided for a segment that is looked at by who?

The chief operating decision-maker

The board

The customers

The shareholders

The proposed changes to management performance measures come from which standard?

IFRS 16

IFRS 12

IFRS 17

IFRS 18

Which, if any, of the following statements are true about the proposals to management performance measures? Statement 1, they cannot be placed with more prominence than statutory figures, or statement 2, they must be reconciled to a financial statement subtotal

Statement 1 only

Both statements

Statement 2 only

Neither statement

What measure of segmental profit should be included?

Operating profit

Gross profit

Net profit

The measure looked at by the chief operating decision-maker

Where should impairment on goodwill be recorded?

As an expense in profit or loss

As a reduction in revenue

Through equity

Through other comprehensive income

Amortisation of produced media content should be recorded where?

As revenue in the statement of profit or loss

Through other comprehensive income

None of the other answers

As an expense in the statement of profit or loss

Which, if any, of the following statements are true in respect of US GAAP and IFRS 8, Segmental Reporting? Statement , all US listed companies must comply with both, or statement 2, they are largely converged

Statement 2 only

Statement 1 only

Neither statement

Both statements

Which of the following figures must be reported according to IFRS 8, Segmental Reporting?

Revenue

Net profit

None of the other answers

Total assets

Which, if any, of the following statements is true regarding the inclusion of segmental profit figures? Statement 1, this is prohibited for listed companies, or statement 2, the profit measure chosen may not match statutory figures

Statement 1 only

Both statements

Statement 2 only

Neither statement

1 Unit

Has Disney regained its sparkle?

What IFRS covers the disclosures that companies must make regarding segments?

Segmental information must be provided for a segment that is looked at by who?

The proposed changes to management performance measures come from which standard?

Which, if any, of the following statements are true about the proposals to management performance measures? Statement 1, they cannot be placed with more prominence than statutory figures, or statement 2, they must be reconciled to a financial statement subtotal

What measure of segmental profit should be included?

Where should impairment on goodwill be recorded?

Amortisation of produced media content should be recorded where?

Which, if any, of the following statements are true in respect of US GAAP and IFRS 8, Segmental Reporting? Statement , all US listed companies must comply with both, or statement 2, they are largely converged

Which of the following figures must be reported according to IFRS 8, Segmental Reporting?

Which, if any, of the following statements is true regarding the inclusion of segmental profit figures? Statement 1, this is prohibited for listed companies, or statement 2, the profit measure chosen may not match statutory figures

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