ACCOUNTING FOR BUSINESS COMBINATIONS
Segment reporting generally refers to the disclosure practice of diversified groups to report
their results generated from units operating in markets with different profitability, risks and
growth potential. The current accounting standard, AASB 8, adopts a management approach
to segment reporting.
In this assignment, you are required to critically discuss the determinants and consequences
of this approach to segment reporting.
Hint: Your discussion should cover at least all of the following areas.
1. What are the differences between AASB 8 and the old accounting standards on
segment reporting?
2. What is the rationale for adopting the management approach?
3. Critically analyse the advantages of the management approach and use examples to
support your claim.
4. Critically analyse the disadvantages of the management approach and use examples to
support your claim.
5. Do you expect the number of reportable segments to increase or decrease after the
adoption of AASB 8? Why? Provide evidence to support your argument by using
three companies listed on the ASX.
Peer Group Evaluation Form
With all group projects, it is possible that all group members might not share equally in the
workload. In such a case, it would be unfair to assign the same grade to all members of the
group. This evaluation form is your opportunity to inform me of any such situation in your
group.
Your Name___________________________________________________________
Below, please list the other members of your group (excluding yourself). In the points
allocated column, next to each group member, write the number of points out of a total of 100
points that you feel represents the relative effort of that group member in comparison to other
members (excluding yourself). For example, if there were four other members of your group
and you feel that all contributed equally, you would assign 25 points to each of the four
members. Your total points must equal 100.
Group members names (not including yourself) Points Allocated
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
Total points 100
Please return this form to the instructor in a sealed envelope by the same date as the project
is due for submission.
YOUR RATINGS ARE COMPLETELY CONFIDENTIAL
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