Part B B Ff Uses Six Geographical Divisions In Its Internal Accounts To Report To The Chief Operating Decision Maker T 1 (63.7 KiB) Viewed 11 times
PART B b) FF uses six geographical divisions in its internal accounts to report to the chief operating decision maker. The results of these geographical divisions for the year ended 31 March 2022 are as follows: Assets £millions Revenue £000 Profit/(loss) £000 £000 UK Vietnam India France Germany Taiwan 3 other regions Less inter division revenue Total Total absolute profit Total absolute loss 8,234 1,395 2,627 1,396 1,107 1,002 3,020 18,781 (3,431) 15,350 866 748 220 71 (800) 200 728 2,033 2,833 (800) 5,879 673 770 410 781 2,954 182 11,649
REQUIRED i) Identify and explain which of the six geographical divisions are reportable operating segments for FF plc under IFRS 8 Operating Segments for the year ended 31 March 2022. (14 marks) ii) Evaluate the advantages and disadvantages of segmental reporting for FF. (6 marks)
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!