“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.