In terms of segment information,
A) segment reviews of operations are not very well established.
B) segment disclosures are required by the U.N. but only recommended by the EU.
C) it is common to find a review of business segments.
D) the review of business segments rarely provides information in excess of the actual segments.

Question

Quizplus · Accepted Answer

It is common to find a review of business segments in segment information. This means that it is usually established and provided in financial statements. Option A is incorrect because segment reviews for operations are typically included in segment information. Option B is incorrect because segment disclosures are required by both the United Nations and the European Union. Option D is incorrect because the review of business segments may provide additional information beyond what is included in the actual segments.

In Terms of Segment Information