Essay on Corporate Reporting

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Pages: 13
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ASSIGNMENT SUBMISSION SHEET Course Title: BSC (Hons) in Accounting and Finance
Module Title: CORPORATE REPORTING
Team Members: 1. LEE KEE TAR, UB: 11034518 2. JULIANA BTE ABDUL RAHMAN, UB: 11034517 3. VITHIA SUBRAMANIAM, UB: 11034521 4. ANG MING LIANG, UB: 12038344

Title: SEGMENT DISCLOSURE ARE WIDELY REGARDED AS SOME OF THE MOST USEFUL DISCLOSURE IN FINANCIAL REPORTS BECAUSE OF THE EXTENT TO WHICH THEY DISAGGREGATE FINANCIAL IMFORMATION INTO MEANINGFUL AND OFTEN REVEALING GROUPS.DISCUSS

Word Count: 2554

Lecturer: MR LIM KAIM SOON

Batch number: BAFE1 1232A

SUBMISSION DATE: 24th NOVEMBER 2014

TABLE OF CONTENT

Executive Summary

1a
Discuss the …show more content…
how transactions between segments are measured, the nature of measurement differences between segment information and other information included in the financial statements, and asymmetrical allocations to reportable segments
[IFRS 8.27]
6
Reconciliations of the totals of segment revenues, reported segment profit or loss, segment assets*, segment liabilities* and other material items to corresponding items in the entity's financial statements
[IFRS 8.21(b) and 28]

7
Some entity-wide disclosures that are required even when an entity has only one reportable segment, including information about each product and service or groups of products and services
[IFRS 8.32]

8 analyses of revenues and certain non-current assets by geographical area – with an expanded requirement to disclose revenues/assets by individual foreign country (if material), irrespective of the identification of operating segments
[IFRS 8.33]
9
Information about transactions with major customers
[IFRS 8.34]
2ai) based on the extracts from the segment notes, how much & what segmental information is provided in the segment notes?
* Old Chang Kee – Geographic Segments
As Old Chang Kee featured component is its geographical segment, they are engaged in providing product or services within a particular economic environment. However this subjects to risks and returns that are
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