1) Research on Internet and identify a corporation that prepares segmented financial statements and discuss the following:
- Suggest two new reporting segments that the company could implement which would be useful to stakeholders. Provide examples to support your rationale.
- Suggest the key benefit of segment reporting to stakeholders of a company. Provide support for your rationale.
2) Evaluate the effectiveness of interim financial reporting and annual financial reporting. Argue the premise that interim financial reporting can be misleading to investors and creditors. Be sure to provide at least three examples to support your argument.
3) Determine a key difference in interim financial reporting for IFRS and GAAP, and recommend to management one way in which a company can transition from GAAP to IFRS.