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Ulkar Alaskarova
on Nov 02, 2024

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The key decision points in identifying an entity's component as an operating segment include all the following criteria, except for:

A) the component's manager is part of the CODM.
B) discrete financial information are available for the component.
C) the component's operating results are regularly reviewed by the CODM.
D) the component is able to generate revenue and incur expenses from its business activities.

CODM (Chief Operating Decision Maker)

An individual or group responsible for making strategic decisions regarding the allocation of resources and assessing the performance of operating segments within an organization.

Discrete Financial Information

Specific financial data or metrics that are isolated or separated from other financial information to provide targeted insight or analysis.

Operating Results

The outcome of an entity's operational activities, typically reflected in its income statement.

  • Identify the key decision criteria for determining an entity's reporting segments.
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Sindy Favila-FavilaNov 06, 2024
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