What is a reportable operating segment?

Q: What

A: Introduction:- The following one of the conditions is required to satisfied for segment reporting as…

Q: What are the scopes of the IPSASs?

A: Financial Accounting- It is the branch of accounting that records events of financial nature that…

Q: What is the basis for distinguishing between operating and nonoperating items?

A:

Q: What is an operating segment?

A: Operating segment: It is defined as providing information about the business actives with an…

Q: What can be understood from “Segment Reporting"?

A: Financial reporting:   It refers to the disclosure of financial results of an organization for a…

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication,…

Q: operating activities

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: Define the term performance obligations.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Mfg OH Rate Variance 2 standard labor-hours per widget at $3 per direct labor hour Last week 1,800…

A: Standard quantity :— It is calculated by multiplying budgeted quantity per unit with actual…

Q: Department of Tourism Worksheet As of December 31, 2019 Unadjusted Trail Balance Adjustments…

A: Financial statement: Financial information is a written record of an organization and individual…

Q: What are operational assets? Give example?

A: Operational assets: Operational assets are those assets acquired for use in the day to day…

Q: What are roll-forward procedures? Provide some examples

A: Roll-Forward Procedure: Auditors perform procedure to draw out the conclusion from an interim date…

Q: Which of the following elements of fi nancial statements is most closely related to measurement of…

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: Ratios are an input into which step in the fi nancial statement analysis framework? A . Process…

A: The analysis of financial statements is the method of review for the decision-making of a firm's…

Q: What disclosures are required For areas determined to be reportable operating segments?

A: Definition: Operating segment: Operating segments are different business verticals of a company that…

Q: ORANGE Company and its divisions are engaged solely in manufacturing. The following data pertain to…

A: IFRS 8 Operating Segments requires particular class of entities to disclose information about their…

Q: Define the term operating activities.

A: Operating activities are the functions of a business directly related to providing its goods and/or…

Q: What is a CMO?

A: A collateralize mortgage obligation (CMO) refers to a type of mortgage-backed security that contains…

Q: What are the types of external user?

A: Entity needs to prepare a financial statement for the use of internal and external decisions making.…

Q: what is Reference control ?

A: I assumed as a question, as what is meant by the reference  to cost control?

Q: What role does the general ledger department play in the conversion cycle?

A: Conversion Cycle: A set of all processes that are used to collect inputs and convert them into final…

Q: Which of the following elements of fi nancial statements is most closely related to measurement of…

A: Financial statements are statements which provides the information about the financial position of…

Q: What does operating activities includes?

A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…

Q: What is the difference of segment reporting and operating segments? Are they interrelated? Please…

A: Introduction: The inclusion of a company's current segments in the disclosures that accompany its…