Segment disclosures are designed to:
A) combine components of consolidated financial data to provide a higher level of summarisation;
B) condense particular items of consolidated financial data into one financial statement;
C) disaggregate selected consolidated financial data;
D) aggregate revenues and expenses so that only net profit is shown for each important segment.

Question

Quizplus · Accepted Answer

Segment disclosures are designed to disaggregate selected consolidated financial data, providing information about the different operating segments of a company. This information helps stakeholders to assess the risks and opportunities of a company's operations, and make informed investment decisions.

Segment Disclosures Are Designed To