ACC 305 Intermediate Accounting III

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“Segmented Information and Reporting Requirements” Please respond to the following:

  • Suppose that management is considering preparing segmented
    information but is unsure on how to identify a segment and is unsure on
    why the information is important. Outline a brief memo to management
    explaining the importance of segmented information, and create an action
    plan on the main steps management should take to identify a segment.
    Also, provide your opinion on the effect segmented information will have
    on the company’s financial disclosure.
  • Speculate as to why there has been an increase in reporting
    requirements in the last ten (10) years. Also, give your opinion on
    whether the increase in reporting requirements has improved investors’
    and creditors’ confidence in corporations. Provide at least two (2)
    specific examples of improvements to support your opinion.

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