Ind AS 108: Segment Reporting

1.    A Ltd. has operations in France, Italy, Germany, UK and India. It wishes to apply aggregation criteria on geographical basis. How will aggregation criteria apply for reporting segments in the given scenario?

• a.    France, Italy, Germany, UK and India (5 segments)

• b. Italy, Germany, UK and Germany (EU Region) and India (2 segments)

• c.    France, Italy and Germany (EU Region), UK and India (3 segments)

• d. All together (1 segment)

Segment Report needs to be presented in the:

•    Balance Sheet

•     Profit and Loss A/C

• OCI

•   Notes to Accounts

CODM stands for:

• Chief of Decision Making

• Chief Operating Decision Maker

•   Chief of Direct Management

• None of the above

If reports of Product A and Product B (product lines) are reviewed bi-monthly, while those of Asia and Europe (region-wise) are reviewed monthly, which would be the Primary Segment?

• Based on Product lines

• Based on regions

• All of the above

• None of the above

A parallel Accounting Standard (AS) to Indian Accounting Standard (Ind AS) 108 Operating Segments is?

• AS 15

• AS 16

• AS 17

• AS 18

External Revenue from Reportable Segments must be at least                of the entity’s revenue.

• 10%

• 40%

• 75%

• None of the above

After exceeding a certain limit of reportable segments, the management must take a decision to determine the number of reportable segments to be disclosed. The practical limit is:

• 10

• 20

• 40

• 25

Which of the following should be disclosed under Entity-wide disclosures?

• Information about major customers

• Information about geographical areas

• Information about products and services

• All of the above

Is the identity of the customers which account for more than 10% of the entity’s revenue required to be disclosed?

• Yes

• No

• Maybe

If a company has only a single operating segment, what disclosures, if any, are required?

• Entity wide disclosures are required

• No disclosures required

• It’s optional to disclose