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CA Inter AS 17 Segment Reporting — practice questions — page 2

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 31–60 of 66.

If geography is primary, secondary information covers?Read the answer and worked solution →Matrix management with strong product and area effects gives which primary format?Read the answer and worked solution →Primary versus secondary format normally rests on internal reporting to whom?Read the answer and worked solution →A matrix presentation of segments under AS 17 is?Read the answer and worked solution →External segments are units reported to the board for what purpose?Read the answer and worked solution →If reporting fits neither products nor areas, who picks the format?Read the answer and worked solution →A segment is reportable if its revenue is at least what share of total segment revenue?Read the answer and worked solution →The result test compares a segment's result with which combined amount?Read the answer and worked solution →Which is NOT one of the three tests for a reportable segment?Read the answer and worked solution →Segment revenues in Rs lakh are 520, 300, 90 and 90. How many pass the revenue test?Read the answer and worked solution →Total segment revenue, external and internal, is Rs 12,50,000. Minimum revenue to be reportable?Read the answer and worked solution →Segment results in Rs lakh: +70, +20, +6, -30. Minimum result for the result test?Read the answer and worked solution →Segment results in Rs lakh: +30, +10, -80, -40. Result test threshold, in absolute terms?Read the answer and worked solution →A segment below every 10 per cent threshold may still be reported if?Read the answer and worked solution →A non-reportable, undesignated segment is shown as what?Read the answer and worked solution →Reportable segments must cover at least what share of enterprise external revenue?Read the answer and worked solution →Enterprise revenue is Rs 40 crore; reportable segments hold Rs 27 crore externally. Extra needed?Read the answer and worked solution →The 10 per cent thresholds are intended as a guide only for what?Read the answer and worked solution →For a newly reportable segment, earlier comparatives are?Read the answer and worked solution →Segment information is prepared using whose accounting policies?Read the answer and worked solution →Segment data on a different basis may be added if it is reported internally and?Read the answer and worked solution →Joint assets go to segments only if which items are also allocated?Read the answer and worked solution →An enterprise with one business and one geographical segment should do what?Read the answer and worked solution →Segment revenue is disclosed split between external sales and what?Read the answer and worked solution →Which item is not required for each primary reportable segment?Read the answer and worked solution →Disclosed cost of acquiring segment assets covers which assets?Read the answer and worked solution →Besides depreciation, which segment expense item is disclosed?Read the answer and worked solution →An enterprise giving segment cash flows need not disclose which items?Read the answer and worked solution →The reconciliation ties segment result to which enterprise item?Read the answer and worked solution →With business segments primary, which geographical segments need secondary revenue data?Read the answer and worked solution →

Worked practice questions

If geography is primary, secondary information covers?

  1. Individual customers served
  2. Subsidiary companies held
  3. Related products or services
  4. Branch offices abroad
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Correct answer: C. Related products or services

When area drives risks, the secondary format covers groups of related products and services.

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Matrix management with strong product and area effects gives which primary format?

  1. Geographical segments
  2. Product-and-area blend
  3. Customer segments
  4. Business segments
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Correct answer: D. Business segments

Under a matrix approach, business segments become primary and geographical segments secondary.

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Primary versus secondary format normally rests on internal reporting to whom?

  1. The statutory auditor
  2. The company registrar
  3. The debenture trustee
  4. Board and chief executive
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Correct answer: D. Board and chief executive

The reporting lines to top management show which source of risk predominates, so they decide the formats.

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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