Asked by
Helen Zheng
on Oct 14, 2024Verified
Under Accounting Standard AASB 1039 Concise Financial Reports,segment information is required to be presented:
A) in the financial statements.
B) in the notes to the financial statements.
C) is not required.
D) none of the above.
AASB 1039 Concise Financial Reports
Australian accounting standard that provides guidelines on preparing abbreviated financial statements that present a concise overview of a company's financial performance and position.
Segment Information
Details about the different business segments of a company, including revenues, expenses, and profitability, to help investors and stakeholders assess the company's diverse operations.
Financial Statements
Comprehensive reports created to represent a business's financial performance, financial position, and cash flows over a specified period.
- Acknowledge the requirements for disclosing segment reporting following contemporary accounting regulations.
Verified Answer
HB
Learning Objectives
- Acknowledge the requirements for disclosing segment reporting following contemporary accounting regulations.