Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting
Chapters 13–14 – Test &
Practice Questions
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
,advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
Terms in this set (92)
1. generate revenues and expenses three characteristics of an operating segment
2. results reviewed by CODM
3. separate financial information available
10% revenue test 3 tests to determine if a segment is separately reportable
10% profit (loss) test
10% asset test
total combined revenue, including intersegment sales what type of revenue is considered for the 10% revenue test?
and transfers
absolute value of whichever is greater of total profit what is considered for 10% profit/(loss) test?
or total loss
75% consolidated revenue test (comprehensive total external revenue of the separately reportable operating segments
disclosure test) must be greater than 75% of total consolidated revenue
10 upper limit of number of reportable segments
advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
, advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
general information 5 types of information that must be disclosed for each separately
amounts for each separately reportable segment reportable segment
measures of segment profit/loss
segment assets
reconciliations to the consolidated totals
enterprisewide disclosures disclosures made in footnotes to financial statements that provide users
more information about the company's risk
products and services three categories of enterprisewide disclosures
geographic region
major customers
external revenue from home country and external what must companies disclose about geographic area?
revenue from all foreign countries (if material,
disclosed separately)
AND
long-lived productive assets located in home
country and total assets in all foreign countries
advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting
Chapters 13–14 – Test &
Practice Questions
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
Advanced Accounting Chapters 13–14 – Test & Practice Questions.pdf
,advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
Terms in this set (92)
1. generate revenues and expenses three characteristics of an operating segment
2. results reviewed by CODM
3. separate financial information available
10% revenue test 3 tests to determine if a segment is separately reportable
10% profit (loss) test
10% asset test
total combined revenue, including intersegment sales what type of revenue is considered for the 10% revenue test?
and transfers
absolute value of whichever is greater of total profit what is considered for 10% profit/(loss) test?
or total loss
75% consolidated revenue test (comprehensive total external revenue of the separately reportable operating segments
disclosure test) must be greater than 75% of total consolidated revenue
10 upper limit of number of reportable segments
advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
, advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
general information 5 types of information that must be disclosed for each separately
amounts for each separately reportable segment reportable segment
measures of segment profit/loss
segment assets
reconciliations to the consolidated totals
enterprisewide disclosures disclosures made in footnotes to financial statements that provide users
more information about the company's risk
products and services three categories of enterprisewide disclosures
geographic region
major customers
external revenue from home country and external what must companies disclose about geographic area?
revenue from all foreign countries (if material,
disclosed separately)
AND
long-lived productive assets located in home
country and total assets in all foreign countries
advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf advanced accounting chapters 13-14 test.pdf
