Premium Essay

Operating Segments

In: Business and Management

Submitted By alrichards
Words 342
Pages 2
I will be happy to assist you, based on the information it is clear that the company does indeed have different operating segments. This was determined from ASC 280-10-50-1; within the codification there are three characteristics that the company must have. For clarity I have posted them below.

1. a. It engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same public entity).
2. b. Its operating results are regularly reviewed by the public entity's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance.
3. c. Its discrete financial information is available
For SEC reporting purposes we find guidance from ASC 280-10-50-11 regarding aggregation criteria as well as 280-10-50-12 which sets forth the qualitative thresholds. The nature of the entire business in which the company operates in is very similar from the type of customer they serve to the service they deliver everything is very standardized. So after careful analysis I have determined that the aggregation criterion is met.
The threshold requirements have been met by certain operations in the company; upon analysis of the information provided it was determined that Big Islands Georgia, Big Islands North Carolina, Big Islands Washington, Still Water Thrills Orlando, Island Adventure Cove, and Still Water Thrills Charlotte all exceed the quantitative threshold of ten percent of total profits and must be reported separately from the remaining parks. As for the other parks that do not exceed the quantitative threshold of ten percent they can be aggregated to meet the quantitative threshold.
To conclude the Big Islands must report separately any segment that exceeds ten percent of revenues for the entire company, any park…...

Similar Documents

Premium Essay

Target Segments

...Target Segments Demographics Through the technological advancements and the progression of the video game console industry, the demographics of the target segment for this industry has changed in many different factors. First, a frequent misconception of the customer base of this industry is the age group of the video gamers. Many believe that youth dominate the video game console industry but studies have proven otherwise. Researchers surveying the demographics in the 2012 USA market, the average ‘gamer’ is 30 years old down from 37 years old in 2011. As a matter of fact, the results presented only 32% of gamers to be under the age of 18, a declining trend initiating from 2005. This trend further opposes the conception of the core of video gamers are youth. As of January 2012, 56% of all households in the US own a console and 17% owning 2 video game consoles. This implies that the customers in the industry are increasing loyalty on the brand rather than seeking to turnover to another console. These statistics and research illustrate that the age of consumers in this industry varies than the common perception. Changes in these trends must be analyzed carefully and acted upon to increase market share. Women, families, grandparents, have all shown increases in the participation of video games. Another common misconception is the gender base of consumers using video game consoles being dominated by males. 2012 data conveys that the gamer gender demographics are......

Words: 372 - Pages: 2

Free Essay

Liver Segments

...* Because this segment has a separate embriologic origin, it originates from a separate lobe. * It is also called the caudate lobe. Portal supply is generally provided by small branches originating from the left main portal vein, or from segmental branches from adjacent segments. It is drained by small hepatic veins joining directly to the anterior wall of the inferior vena cava Seg 2 displayed in yellow. * This segment is the superior part of the left lateral segment. Segment 2 is usually drained by this superior hepatic vein coursing laterally, and joining the left hepatic vein before the junction to the inferior vena cava. * Its portal supply is provided by a branch originating from the left main portal branch. In most cases, you can easily follow this branch from its origin. Segment 2 is separated from Segment 4A by a vertical scissura containing the left hepatic vein. * Segment 2 is separated from Segment 3 by a trans-axial scissura or transverse scissura containing the left main portal branch and from segment 1 by the ligamentum venosum. From the external surface of the liver, Segment 2 is separated from Segment 4A by the falciform ligament. Segment 3 is displayed in light blue. * This segment is the inferior part of the left lateral segment. * Its portal supply is provided by a branch originating from the left main portal branch. * It is usually drained by the left hepatic vein. Segment 3 is separated from Segment 4B by a......

Words: 780 - Pages: 4

Premium Essay

Scrutinizing Segment Reporting

...Scrutinizing segment reporting is not new. FASB 14, the statement that FASB 131 replaced, required that segments be reported on a geographic and industry basis, unfortunately FASB 14 was too vague and companies were able to get around it. Analysts complained that it allowed too many companies to consider themselves single-segment firms. A study by the Financial Accounting Standards Board of almost 7,000 public companies found that some 75 percent said they operated in only one industry segment during the 1985—1991 time frame [ (Reason, 2001) ]. Because many companies were not providing expected segment information, the FASB replaced FASB 14 with FASB131. Under FASB 131, segments are defined from a management perspective--how management organizes segments within the enterprise for making decisions and assessing performance [ (Albrecht & Chipalkatti, 1998) ]. Under FASB 131, the management approach to segment reporting requires that segment information must be consistent with a firm’s management or organizational approach. FASB 131 was established to help the SEC see how companies are managed through the eyes of the company management. This means that companies had to start reporting the same information that they use internally for evaluating segment performance and that is used in deciding how to allocate resources to segments [ (Alfonso, Hollie, & Yu, 2010) ]. FASB 131 establishes standards for the way that public business enterprises report......

Words: 382 - Pages: 2

Premium Essay

Operating Systems

...MODERN OPERATING SYSTEMS SECOND EDITION by Andrew S. Tanenbaum Publisher: Prentice Hall PTR ISBN 0-13-031358-0, 976 pages Table of Contents About the Author MODERN OPERATING SYSTEMS PREFACE 1 INTRODUCTION 1.1 WHAT IS AN OPERATING SYSTEM? 1.1.1 The Operating System as an Extended Machine 1.1.2 The Operating System as a Resource Manager 1.2 HISTORY OF OPERATING SYSTEMS 1.2.1 The First Generation (1945-55) Vacuum Tubes and Plugboards 1.2.2 The Second Generation (1955-65) Transistors and Batch Systems 1.2.3 The Third Generation (1965-1980) ICs and Multiprogramming 1.2.4 The Fourth Generation (1980-Present) Personal Computers 1.2.5 Ontogeny Recapitulates Phytogeny 1.3 THE OPERATING SYSTEM ZOO 1.3.1 Mainframe Operating Systems 1.3.2 Server Operating Systems 1.3.3 Multiprocessor Operating Systems 1.3.4 Personal Computer Operating Systems 1.3.5 Real-Time Operating Systems 1.3.6 Embedded Operating Systems 1.3.7 Smart Card Operating Systems 1.4 COMPUTER HARDWARE REVIEW 1.4.1 Processors 1.4.2 Memory 1.4.3 I/O Devices 1.4.4 Buses 1.5 OPERATING SYSTEM CONCEPTS 1.5.1 Processes 1.5.3 Memory Management 1.5.4 Input/Output 1.5.5 Files 1.5.6 Security 1.5.8 Recycling of Concepts 1.6 SYSTEM CALLS 1.6.1 System Calls for Process Management 1.6.2 System Calls for File Management 1.6.3 System Calls for Directory Management 1.6.4 Miscellaneous System Calls 1.6.5 The Windows Win32 API 1.7 OPERATING SYSTEM STRUCTURE 1.7.1 Monolithic Systems 1.7.2 Layered Systems 1.7.3 Virtual Machines......

Words: 387392 - Pages: 1550

Free Essay


...Operating Assets of Housekeeping Operating assets Cleaning Supplies Cleaning supplies are categorized under operating assets and are included in the property’s operating budget. Cleaning supplies comprise the chemical necessary to perform myriad cleaning jobs throughout the property and the nonchemical utensils needed to apply, scrub, rub, cleanse, wipe, etc. the chemical onto all types of surfaces. There are several hundred manufacturers of cleaning chemicals, each of which markets and sells countless products. The responsibility of selecting and using the right chemicals rests with the executive housekeeper. Housekeeping Chemical The three major purposes of chemical used in the housekeeping department are to remove dirt, to destroy harmful microorganisms, and to preserve and beautify furniture, fixtures, and surfaces. Chemical cleaners are manufactured to remove soils from surfaces through chemical action. The stronger are chemical is, the better it will get the job done. The strength of cleaning chemicals is measured on the pH scale. In chemistry, pH is a measure of the acidity and basicity of a solution; a low pH indicates a high concentration of hydronium ions, while a high pH denotes a low concentration. The scale goes from 1 to 14,1 indicating a very acidic solution very alkaline solution, and 7 a neutral solution. For example, a very acidic solution should near pH 1; pure water is neutral, giving a pH of 7; and a solution highly alkaline should be to pH......

Words: 1933 - Pages: 8

Premium Essay

Bakery Segment

...Bakery segment, led by biscuits, pegged to grow to $7.6 billion by '15 The Indian bakery industry - led by the biscuit segment - is poised to grow to $7.6 billion by 2015. This year, the sector’s growth is estimated to remain between 15 and 17 per cent, which is two points more than last year’s growth. The bakery sector has witnessed growth in both the urban and rural areas. Britannia Industries Ltd, Parle Products Ltd, ITC Foods Ltd, Surya Food and Agro Ltd (Priyagold) and Modern Food Industries India Ltd are the key players. However, medium-sized players are trying to capture a market share as well. J N Kushwaha, president, Society of Bakers, said, ‘While biscuits have a 60 per cent share of the market, bread accounts for the remainder. Fancy bakery items have a 10-15% share.’ He pointed out that in the rural areas, biscuits were growing very fast, whereas in cities, the role of bread was changing. He added that this was visible in the eating habits, and the basic reason for growth was acceptability amongst both the rural and urban masses. ‘Now, baked products are playing a vital role in people’s diet from breakfast to dinner. Items like pizzas and burgers have replaced regular items eaten at lunch and dinner,’ Kushwaha stated. ‘Earlier, people consumed only white bread. But today, apart from plain bread, there are several varieties in breads available, and every hotel and restaurant is now establishing a bakery facility to woo the consumers,’ he added....

Words: 255 - Pages: 2

Premium Essay

Market Segment

...involves aggregating prospective buyers into groups that (1) have common needs and (2) will respond similarly to a marking action. a) Market diversification b) Market differentiation c) Market segmentation d) Market augmentation e) Repositioning Ans: c Page: 243 Learning Objective: 1 10. To be identified as a market segment, its members must __________. a) represent a large share of the entire market and have critical buying power b) have common needs and respond similarly to market actions c) have different needs and have potential for future growth d) have different needs and respond similarly to market actions e) have potential for future growth and have potential for increased profit or ROI Ans: b Page: 243 Learning Objective: 1 11. The phrase "relatively homogeneous collections of prospective buyers" is most descriptive of __________. a) market segments b) demographic clusters c) organizational buyers d) ultimate consumers e) qualified prospects Ans: a Page: 243 Learning Objective: 1 12. Each __________ consists of people who are relatively similar to each other in terms of their consumption behavior. a) market segment b) demographic cluster c) organizational buyer d) ultimate consumer e) qualified prospect Ans: a Page: 243 Learning Objective: 1 13. Which strategy involves a firm's using different marketing mix activities, such as product features and advertising, to help consumers perceive the product as being different and......

Words: 21403 - Pages: 86

Premium Essay

Mfrs 8 Operating Segment

...importance of MFRS 8 Operating Segments for accounting user A Framework for decision making MFRS 8 is important because It specifies how the firm should report their information about its operating segments in the annual financial statements and interim reports and because its sets out the requirements for related disclosures about products and services, geographical area and major customers, therefore the firm can not include any segment in the annual financial statement, any segment reported must have meet specified criteria. Clear Identification of Financial Benefits MFRS 8 is important because stakeholders can view the activities of the segments and see how its adds to the development and growth of the firm, since MFRS 8 requires the firm to report the profit or loss of the segments assets and also it requires the firm to quantify the segment liabilities and also to disclose information about countries where its earns revenues and information about the firms major customers, so by disclosing this information stakeholders are able to make informed decisions about the firm Entity Wide Disclosures MFRS 8 is important because it facilitates entity wide disclosures because in doing the analysis of a large firm there need to be a breakdown of the segments performance in order to properly evaluate individual operating segments to determine how resources should be allocated to the most effective segments and where to moves resources from the less performing segments to a......

Words: 1323 - Pages: 6

Premium Essay

Segment Reporting

...Segment | 2013 | Change | 2012 | Change2 | 2011 | Americas | 62,739 | 9% | 57,512 | 50% | 38,315 | Europe | 37,883 | 4% | 36,323 | 31% | 27,778 | Greater China | 25,417 | 13% | 22,533 | 78% | 12,690 | Japan | 13,462 | 27% | 10,571 | 94% | 5,437 | Rest of Asia Pacific | 11,181 | 4% | 10,741 | 8% | 9,902 | Retail | 20,228 | 7% | 18,828 | 33% | 14,127 | Net Sales | 170,910 | | 156,508 | | 108,249 | Yasamin Farahanyrad Hanna Trias 2. Analysis of Segment Reporting 1. What are the reportable segments and what is the basis for the company to choose the segment structure? a. The Company’s reportable segments are managed on a geographic basis which consists of the Americas, Europe, Greater China, Japan, Rest of Asia Pacific and Retail operations. Retail segment operates Apple retail stores in 13 countries and all segments sell similar hardware, software products, and similar services. The Company reports based on the “management” approach which designates the internal reporting used by management for making decisions and assessing performance. 2. What are the reconciliation items from the company’s segment operating income to the conciliated financial statements? The reconciliation items from the company’s operating income are: Depreciation and Amortization, Share-based compensation expense, and Deferred income tax expense. (Page 49 of 2013 Apple Inc. annual report, Consolidated Statement of Cash Flows) 3. Which segment has shown the......

Words: 454 - Pages: 2

Premium Essay

Accounting Operating Segment

...Reporting Standard 8 Operating Segments Core principle 1 An entity shall disclose information to enable users of its financial statements to evaluate the nature and financial effects of the business activities in which it engages and the economic environments in which it operates. Scope 2 This IFRS shall apply to: (a) the separate or individual financial statements of an entity: (i) (ii) (b) whose debt or equity instruments are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets), or that files, or is in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing any class of instruments in a public market; and the consolidated financial statements of a group with a parent: (i) whose debt or equity instruments are traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets), or (ii) that files, or is in the process of filing, the consolidated financial statements with a securities commission or other regulatory organisation for the purpose of issuing any class of instruments in a public market. 3 If an entity that is not required to apply this IFRS chooses to disclose information about segments that does not comply with this IFRS, it shall not describe the information as segment......

Words: 4139 - Pages: 17

Premium Essay

Sonic's Segment

...layout varies from company to company, a marketing plan usually contains the sections described in Chapter 2. Smaller businesses may create shorter or less formal marketing plans, whereas corporations generally require highly structured marketing plans. To guide implementation effectively, every part of the plan must be described in considerable detail. Sometimes a company will post its marketing plan on an internal Web site so managers and employees in different locations can consult specific sections and collaborate on additions or changes. The Role of Research To develop innovative products, successful strategies, and action programs, marketers need up-todate information about the environment, the competition, and the selected market segments. Often, analysis of internal data is the starting point for assessing the current marketing situation, supplemented by marketing intelligence and research investigating the overall market, the competition, key issues, threats, and opportunities. As the plan is put into effect, marketers use research to measure progress toward objectives and to identify areas for improvement if results fall short of projections. Finally, marketing research helps marketers learn more about their customers’ requirements, expectations, perceptions, satisfaction, and loyalty. This deeper understanding provides a foundation for building competitive advantage through well-informed segmenting, targeting, and positioning decisions. Thus, the marketing plan......

Words: 7341 - Pages: 30

Premium Essay


...cluster analysis routines. Market segmentation is a much broader concept, however, and pervades the practice of business throughout the world. What is market segmentation? At its most basic level, the term “market segmentation” refers to subdividing a market along some commonality, similarity, or kinship. That is, the members of a market segment share something in common. The purpose of segmentation is the concentration of marketing energy and force on the subdivision (or the market segment) to gain a competitive advantage within the segment. It’s analogous to the military principle of “concentration of force” to overwhelm an enemy. Concentration of marketing energy (or force) is the essence of all marketing strategy, and market segmentation is the conceptual tool to help achieve this focus. Before discussing psychographic or lifestyle segmentation (which is what most of us mean when using the term “segmentation”), let’s review other types of market segmentation. Our focus is on consumer markets rather than business markets. Geographic Segmentation This is perhaps the most common form of market segmentation, wherein companies segment the market by attacking a restricted geographic area. For example, corporations may choose to market their brands in certain countries, but not in others. A brand could be sold only in one market, one state, or one region of the United States. Many restaurant chains focus on a limited geographic area to achieve concentration of force.......

Words: 647 - Pages: 3

Premium Essay

Pepsico Segment Reporting Analysis

...SFAS No. 131 (ASC 280) allows companies to report segment information by line of business, geographic location, or a combination of the two. Which of these does Pepsi do? What does Coca-Cola do? Pepsi reports segment information by a combination of line of business and geographic location, and so does Coca-Cola. The company has identified six reportable segments, which are Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), Latin America Foods (LAF), PepsiCo Americas Beverages (PAB), Europe, and Asia, Middle East & Africa (AMEA). Its best-known competitor, Coca-Cola, identified seven reportable segments: Eurasia and Africa; Europe; Latin America; North America; Pacific; Bottling Investments; and Corporate. Why does FASB require companies to disclose information by geographic area? In other words, how is geographic information valuable for financial statement users? For what geographic areas must a company provide disclosure? What geographic disclosures does Pepsi provide? What can you learn about PepsiCo from studying this information? The FASB requires companies to disclose information by geographic areas because financial information about the operations of the company’s divisions in different geographic areas assists stakeholders in understanding concentrations of risks and prospects for growth due to changes in economic conditions. Disclosure by geographic area assists stakeholders in understanding concentrations of risk due to all type of changes......

Words: 2222 - Pages: 9

Free Essay

Segments Served

...Segments Served Our market will be segmented into two segments that have common needs in order to respond similarly to a marketing action. Therefore, to gain competitive advantage with a specific segment we need to link needs to actions. Owning and maintaining a home is really expensive. However, due either to our own ambitions or Mother Nature inevitably we find ourselves making home repairs or home improvements to our houses. In some cases we put on our own home improvement or repairs DIYer tool belts and do it ourselves. There are many requirements to a useful and effective segment, the segment we tend serve will be measureable; accessible or rather reachable; sustainable and will last for a long time; different that other segments and unique to help in matching the characteristics of the segment to the services DIY Consultant is to able to provide; and finally actionable meaning that the DIY Consultant is willing and able to serve those segments with all our facilities. At the present time with the market becoming more diverse there is a consistent need for innovation and DIY Consultant will accept that the market as heterogeneous and will not look at one form of segmentation separately. That’s why we will serve novice and regular DIYers. Because, not only regular DIYers, but also new homeowners or novice DIYers often plow ahead into unchartered waters and end up costing themselves time, money and frustration. Additionally, DIY consultants will offer additional......

Words: 1523 - Pages: 7

Premium Essay

Marketing Segments

...of consumers (positioning). Chapter Objectives: 1. Define the four major steps in designing a customer-driven marketing strategy: market segmentation, market targeting, differentiation, and positioning 2. List and discuss the major bases for segmenting consumer and business markets 3. Explain how companies identify attractive market segments and choose a market targeting strategy 4. Discuss how companies differentiate and position their products for maximum competitive advantage in the marketplace. Most companies have moved away from mass marketing and toward target marketing—identifying market segments, selecting one or more of them, and developing products and marketing programs tailored to each. Figure 7.1 (pg.216) shows the four major steps in designing a customer-driven marketing strategy. Market segmentation involves dividing a market into smaller groups of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes. Market targeting (or targeting) consists of evaluating each market segment’s attractiveness and selecting one or more market segments to enter. Differentiation involves actually differentiating the firm’s market offering to create superior customer value. Positioning consists of arranging for a market offering to occupy a clear, distinctive, and desirable place relative to competing products in the minds of target consumers. MARKET SEGMENTATION (pg.......

Words: 1897 - Pages: 8