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CA Inter AS 17 Segment Reporting — practice questions

Explore 66 free AS 17 Segment Reporting questions in CA Inter Accounting. Open each question or exercise to read its content, reference answers and available explanation.

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AS 17 Segment Reporting questions and exercises with answers

Showing questions 1–30 of 66.

AS 17 applies in presenting which kind of financial statements?Read the answer and worked solution →With consolidated and parent statements, segment data is given on?Read the answer and worked solution →For which companies is AS 17 not mandatory?Read the answer and worked solution →How must an enterprise comply with AS 17?Read the answer and worked solution →Segment data helps users better assess which aspect of the firm?Read the answer and worked solution →A distinguishable component supplying related products with distinct risks is?Read the answer and worked solution →Which is NOT a factor for deciding whether products or services are related?Read the answer and worked solution →Which regulatory environment does AS 17 cite as an example of a relevant factor?Read the answer and worked solution →Which is a listed factor for identifying geographical segments?Read the answer and worked solution →Which can form one geographical segment under AS 17?Read the answer and worked solution →Geographical segments may rest on asset location or on location of what?Read the answer and worked solution →Enterprise revenue means sales revenue from which group?Read the answer and worked solution →Segment revenue also includes revenue from what?Read the answer and worked solution →Which item does AS 17 leave out of segment revenue?Read the answer and worked solution →Interest income is part of segment revenue only if the segment is?Read the answer and worked solution →Which charge is never counted within segment expense?Read the answer and worked solution →How is whole-firm administrative expense treated?Read the answer and worked solution →Head-office cost for a segment's operations is its expense if?Read the answer and worked solution →How is segment result arrived at?Read the answer and worked solution →A segment has revenue Rs 8,40,000 incl. Rs 60,000 inter-segment, expense Rs 6,90,000. Segment result?Read the answer and worked solution →Segment assets are those employed by a segment in which activities?Read the answer and worked solution →Segment assets are measured after deducting which items?Read the answer and worked solution →Segment liabilities exclude which of these?Read the answer and worked solution →Products in one business segment should be similar in what respect?Read the answer and worked solution →What normally forms the basis for identifying an enterprise's segments?Read the answer and worked solution →How is an allocation that outsiders perceive as arbitrary treated?Read the answer and worked solution →Which asset is not a segment asset?Read the answer and worked solution →How is goodwill directly attributable to a segment treated?Read the answer and worked solution →If segment assets were revalued after purchase, how are they measured?Read the answer and worked solution →Risks mainly driven by product differences make the primary format?Read the answer and worked solution →

Worked practice questions

AS 17 applies in presenting which kind of financial statements?

  1. Stock exchange offer prospectuses
  2. Special purpose cost accounting reports
  3. Interim income tax assessment returns
  4. General purpose financial statements
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Correct answer: D. General purpose financial statements

The Standard is meant for general purpose financial statements that serve many outside users.

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With consolidated and parent statements, segment data is given on?

  1. As the board chooses
  2. Both sets separately
  3. Parent statements only
  4. Consolidated statements only
Show answer and solution

Correct answer: D. Consolidated statements only

When one report holds both sets, segment information is needed only on the consolidated basis.

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For which companies is AS 17 not mandatory?

  1. Foreign subsidiary companies
  2. Government-owned companies
  3. Publicly listed companies
  4. Small and Medium Sized Companies
Show answer and solution

Correct answer: D. Small and Medium Sized Companies

Small and Medium Sized Companies are exempt from mandatory compliance but are encouraged to follow it.

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More Accounting topics

AS 3 Cash Flow StatementSchedule III Division I Financial StatementsAS 19 LeasesValuation of Inventories (AS 2)AS 22 Taxes on IncomeAS 28 Impairment of AssetsProperty, Plant and EquipmentAS 13 Accounting for Investments