Product Segment Test

10 Questions | Total Attempts: 209

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Product Quizzes & Trivia

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Questions and Answers
  • 1. 
    If we cannot find any clear information if the segment info is Business segment or Product segment, we should treat it as ­­­______________________________________________.
    • A. 

      Product segment

    • B. 

      Business Segment

    • C. 

      Ignore the data

  • 2. 
    Statement type code for product segment is ­­­­_________________________.
  • 3. 
    When user tries to create an SI in segment with the flags ON in Income Statement _____________________________________.
    • A. 

      SI gets created as Business segment with flag on in INC

    • B. 

      A message pops up asking you to remove the tag

    • C. 

      SI gets created as Business segment and flag gets ticked off automatically

    • D. 

      None of the above

  • 4. 
    The criteria to decide whether it is single segment are ....
    • A. 

      Company operates in single/one operating/business segment.

    • B. 

      Company’s main business is more than 90% of its revenue.

    • C. 

      Company’s main business is XXX and other business is immaterial.

    • D. 

      Company report 1 segment in its BUS/GEO table with value equal 100% of revenue

    • E. 

      All of the above

  • 5. 
    When company says it operates in single BUS/GEO but provides more than one BUS/GEO segments at the same time ______________________.
    • A. 

      We tick single Bus flag in Income statement.

    • B. 

      We will collect the BUS/GEO information instead of ticking single BUS/GEO flag.

    • C. 

      We create single segment description in Business segment section and leave values blank.

  • 6. 
    Company reports single Product segment data with value equals to total revenue of the company, we should ______________________________________ the PRS.
    • A. 

      Collect the single product segment data

    • B. 

      Collect it as Business segment

    • C. 

      Ignore the data

    • D. 

      None of the above

  • 7. 
    If a company reports a single BUS/GEO segment or product segments and restates a prior year – we want the flag or product segments to be added in a restated period.
    • A. 

      True

    • B. 

      False

  • 8. 
    How do you collect the segment data when company reports Operating segments with subdivision of business segment and also report product segment data in segment notes?
    • A. 

      Collect Operating segment in BUS statement with PCR and Product segment data in PRS

    • B. 

      Collect Operating segment data with PCR in BUS statement & ignore product segment data

    • C. 

      Collect Product segment data in BUS statement

    • D. 

      None of the above

  • 9. 
    How do you collect the segment data when company says that it operates in single segment and also provide product segment revenue breakout in management discussion? Note: Product Segment collected as Business segment for previous years
    • A. 

      Continue collecting product segment data in BUS segment until cleanse is done

    • B. 

      Tag "single BUS" in Income statement and ignore product segment information

    • C. 

      Tag "single BUS" in Income Statement and collect product segment data in PRS

    • D. 

      Collect product segment data in PRS and ignore business segment

  • 10. 
    The “Single BUS” and “Single Geo” are available in _______________________ statement and are enabled when ______________ flag is ticked off.
    • A. 

      All statement & flash flag

    • B. 

      Income statement & detailed flag

    • C. 

      Income statement & flash flag

    • D. 

      All statement & detailed flag