Posted: September 14th, 2020
Operating Segments Assignment | Homework For You
OBJECTIVE
The objective of this assessment is to critique and analyse data from an annual report focusing on a financial reporting standard NZ IFRS 8 Operating Segments. This standard is relevant for large organisations that operate in different businesses and geographic locations.
The assignment will develop the following competencies
• Researching of annual financial reports
• Applying technical standards techniques
• Writing and presenting reports in a professional manner
• Collaborating to produce a group output
REQUIREMENTS
PART 1 INDIVIDUAL COMPONENT (25 marks)
1. Diversified Ltd is a listed company operating in the industrial sector and has the following segments.
Segment Revenue Segment Profit Segment Assets
($m)($m)($m)
Timber 800 75 900
Steel 100 25 420
Cardboard 60 (15) 180
Total 960 85 1,500
a) Discuss why information on the different products produced by Diversified Ltd would be of benefit to its shareholders? Write a maximum of 500 words. Reference all sources cited. (15 marks)
b) Determine which of the segments is reportable according to NZ IFRS 8. Show your workings. (10 marks) Finance homework help