Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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Chapter 8, Problem 14P

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Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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Choose the correct. Which of the following statements is true for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organization)?a. Under U.S. GAAP, the company must base operating segments on geographic areas.b. Under IFRS, the company must base operating segments on product and service lines of business.c. Under U.S. GAAP, the company may choose to define operating segments on the basis of either products and services or geographic areas.d. Under IFRS, the company must refer to the core principle of IFRS 8 to determine operating segments.

U.S. GAAP requires several entity-wide disclosures. If an enterprise does not define operating segments internally on a product-line basis or has only one operating segment, disclosure of revenues derived from each product or service is required.

Two or more operating segments may be aggregated into a single operating segment if the segments have similar economic characteristics, and the segments are similar in which of the following respects: I. the nature of the products and services II. the nature of the production processes III. the type or class of customer for their products and services IV. the methods used to distribute their products or provide their services V. if applicable, the nature of the regulatory environment, for example, banking, insurance, or public utilities

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Chapter 8, Problem 14P

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Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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Chapter 8, Problem 14P

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Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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Chapter 8, Problem 14P

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Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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Chapter 8, Problem 14P

To determine

Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

Answer 6

Chapter 8, Problem 14P

To determine

Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

Answer 7

Chapter 8, Problem 14P

To determine

Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

Answer 8

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Ch. 8 - Prob. 1Q Ch. 8 - Prob. 2Q Ch. 8 - Prob. 3Q Ch. 8 - The management approach requires a firm to define...Ch. 8 - What is an operating segment?Ch. 8 - Prob. 6Q Ch. 8 - Prob. 7Q Ch. 8 - Prob. 8Q Ch. 8 - Prob. 9Q Ch. 8 - Prob. 10Q

Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

Solution Summary: The author identifies the true statement for a company that has managers responsible for product and service lines of business and managers accountable for geographic areas. Under U.S. GAAP, the company may choose to define operating segments on the basis

Identify the true statement for a company that has managers responsible for product and service lines of business and managers responsible for geographic areas (matrix form of organisation).

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