Exam 22: Operating Segments

Cherry Group has operating segments in three different locations. Total assets for each segment are as follows: Melbourne $400 000 Sydney $80 000 Adelaide $20 000 Which operating segment(s) should be disclosed as reportable segment(s) of Cherry Group?

The following criteria are the key decision points in identifying an entity's component as an operating segment, except for:

AASB 8 Operating Segments is primarily a:

Which of the following statements is correct?

Complete the following sentence: - AASB 8 Operating Segments is applicable for financial reporting periods _____ on or after 1 January 2009. Early adoption is _______.

One of the conditions used to determine if two or more operating segments may be aggregated into a single operating segment is:

Segments that do not satisfy the requirements of a reportable segment must:

If an entity presents both consolidated financial statements and parent entity financial statements in the same financial report, it must present:

AASB 8 Operating Segments applies to: I. public companies II. listed entities III. entities in the process of listing IV. any entity who voluntarily chooses to apply it

Under AASB 8 all entities to which the standard applies are required to disclose: