ADMS 4520 Chapter 7: Segment and interim reporting

• School: York University
• Department: Administrative Studies
• Course: ADMS 4520
• Professor: Patricia Farrell

Document Summary

Adms 4520 ch 7 segment and interim reporting: segment reporting, general concept, each type of business affected by different factors, segment reporting disaggregation of consolidated results of principal activities. Ifrs 8 applies to only publicly accountable enterprise: no aspe equivalent pe can use ifrs 8 for guideline. Involves info from internal management accounting system variable between companies: disclose reportable operating segments (key words operating & reportable, operating segments. Identifying segments may be difficult sometimes 3 aspects to define: component of enterprise expected to generate revenues & expenses, expected to do so in future too, discrete financial info regularly available through internal. Financial reporting system: business operating results reviewed by enterprise"s coo & ceo, guidelines focus on internal decision making process. Judgment issues: determination of is (identifiable segments) lot of judgment, horizontal integration ex. Beer and wine serve same market: vertical integration ex. Large degree of management judgment opportunity to manipulate numbers: reportable segments.