Financial Accounting (Australian): Segment Reporting

Anonymous
timer Asked: Mar 24th, 2017

Question Description

This is about segment reporting. Here are the questions:

1. Differences between AASB 8 and old accounting standards or segment reporting

2. What is the rationale in adopting the management approach

3. Critically analyze the advantage in using the management approach and use examples to support your claim

4. Critically analyze the disadvantage in using the management approach and use examples to support your claim

5. Do you expect the number of reportable segments to increase or decrease after adopting AASB 8? Why? Provide examples from two companies listed from the ASX

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