Interim Reporting and Operating Segments

Question 1

Is interim reporting required?

Answer 1

NO (optional only)

Question 2

Public entities are encouraged to prepare atleast

Answer 2

semiannually

Question 3

Revenue Test (Reportable Segment)

Answer 3

10% of Total Revenue (Internal + External)

Question 4

Asset Test (Reportable Segment)

Answer 4

10% of Total Assets

Question 5

Profit or Loss Test (Reportable Segment)

Answer 5

10% of Higher Between
- Absolute value of Profit
- Absolute value of Loss

Question 6

75% Threshold (Reportable Segment)

Answer 6

external revenue of segment > 75% of Total external revenue

if below 75%, add segments until met

Question 7

Additional Disclosure : Major Customer

Answer 7

10% of Total External Revenue