Segment Reporting Flashcards
1
Q
Operating Segment
A
- generates revs and exp
- has Chief operating decision maker
- Provides discrete financial info about its ops performance
2
Q
Tests for which segments are reportable includes:
A
- operating rev
- operating profit
- identifiable assets
3
Q
Threshold for Tests for which segments are reportable:
A
greater than or equal to 10% of total for each test segment
4
Q
Cost-benefit constraint
A
no more than 10 reportable segments need to be disclosed
