Professional Documents
Culture Documents
to accompany
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I, II, III and IV; I, II and III only; III and IV only; II and III only.
-3B C D Question 5 According to IAS 14 Segment Reporting, segment assets do not include: A B C D income tax assets; a joint venturers share of the operating assets of a jointly controlled entity that is accounted for by proportionate consolidation; investments accounted for under the equity method where the profit or loss from such investments is included in segment revenue; operating assets employed by a segment in its operating activities that can be allocated to the segment on a reasonable basis. segment revenue less segment expense; segment profit after any adjustments for minority interests; segment profit after any adjustments for income tax.
Question 6 According to IAS 14 Segment Reporting, segment liabilities exclude: A B C D liabilities that result from the operating activities of a segment that are directly attributable to a segment; interest bearing liabilities if the segment result excludes interest expense; income tax liabilities; a joint venturers share of the liabilities of a jointly controlled entity that is accounted for by proportionate consolidation.
Question 7 Under IAS 14 Segment Reporting, a segment is reportable if a majority of its sales are to external customers and its: A B C D Question 8 According to IAS 14 Segment Reporting, if an entity has two segments and the primary segment is a geographic segment, then the secondary segment will be: revenue from external customers is 10% or more of total revenue; result is 5% or more of the combined result of all segments; liabilities are 5% or more of total liabilities; assets are 5% or more of total assets.
-4A B C D Question 9 Cherry Group has operations in three different geographic locations. It has total assets as follows: Region 1 $400 000 Region 2 $80 000 Region 3 $20 000 a business segment; a organisational segment; an economic segment; a financial segment.
The reportable geographic segments are: A B C D All regions are reportable segments; Region 1 and 2 are the only reportable segments; Regions 2 and 3 are the only reportable segments; Region 1 is the only reportable segment.
Question 10 Under IAS 14 Segment Reporting, separate segments of an entity must be identified as reportable segments until at least: A B C D 100% of total entity result is included; 80% of total entity liabilities are included; 75% of total entity revenue is included; 70% of total entity assets are included.
Question 11 When an entitys primary segment format is geographical segments, in relation the segment result, it is required to make the following disclosures: A B C D segment result by location of assets; segment result by location of customers; segment result by location of business segment; segment result after tax.
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Question 12 If an entitys primary segment format is geographical segments by location of customers, under IAS 14 Segment Reporting, it is required to make the following disclosures: A B C D depreciation and amortisation by location of assets; depreciation and amortisation by location of liabilities; depreciation and amortisation by business segment; depreciation and amortisation expense, by location of customers.
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ANSWERS
1 2 3 4 5 6 7 8 9 10 11 12 D B A B A C A A B C A D