CIMA Exam CIMAPRA19-F02-1 Topic 5 Question 94 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 94
Topic #: 5

Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Lizbeth at Aug 02, 2024, 01:45 AM

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Elliott

5 months ago

I agree with Jamie, it helps provide a clearer picture of the business.

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Jamie

5 months ago

But it makes sense, as it ensures significant segments are reported.

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Dean

5 months ago

I disagree, I believe it's false.

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Theola

5 months ago

True, but what if my company has 100 tiny segments? Do I still have to report on 80% of that? Sounds like a nightmare!

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Jamie

5 months ago

I think the statement is true.

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Willow

5 months ago

False, this is clearly a trick question. Everyone knows accountants love making things complicated.

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Sharita

5 months ago

True, but I bet the examiners are just trying to catch us out with the wording. Sneaky, sneaky.

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Elke

4 months ago

A) True

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Jenifer

4 months ago

I think it's true, they always try to trick us with the wording.

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Oneida

4 months ago

B) False

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Lai

4 months ago

A) True

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Azalee

6 months ago

False, that's way too high of a requirement. Ain't nobody got time to report on 80% of revenue!

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Harrison

5 months ago

False, that's way too high of a requirement. Ain't nobody got time to report on 80% of revenue!

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Providencia

5 months ago

B) False

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Maryln

5 months ago

A) True

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Sue

6 months ago

True, that's the standard threshold for reportable segments. Gotta cover the big bucks!

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Junita

5 months ago

Exactly, the segments must cover a significant portion of the total revenue to be separately reportable.

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Iesha

5 months ago

True

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Tyra

5 months ago

That's correct! The threshold for reportable segments is indeed 15% of revenue / profits / assets.

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Phil

5 months ago

A) True

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