Product Segment Test
.
- 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
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