How segmental reporting may change

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 re-read the article before attempting the questions again

  1. Which of these reflects the current position between IFRS 8 Operating Segments and Topic 280 Segment Reporting?

  2. Which of the following items is not being looked at in the current FASB review?

  3. Which of the following need to be met in order for segments to be aggregated?

  4. Which of the following is not true regarding alternative 1 in relation to aggregation?

  5. Which of the following is true in relation to alternative 2?

  6. How many proposals are the FASB looking at in relation to segment disclosures?

  7. Which of the following is one of the items included in the proposed changes to disclosures?

  8. Which, if any, of the following statements are true in respect of the segmental reporting project? Statement 1 - The disclosure requirements currently contain an area of difference between IFRS and US GAAP, or Statement 2 - The FASB has received feedback that investors are unhappy with the level of segment detail provided by public companies

  9. Which of these is not covered in the current proposals relating to segmental disclosures?

  10. Which, if any, of the following statements is correct? Statement 1 - The FASB are researching into whether research and development should be disclosed, or Statement 2 - The FASB are researching into whether foreign currency gains or losses should be disclosed

1 Unit