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Segment Reporting - Segment Reporting Group 5 Jingya Wu...

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Segment Reporting Group 5: Jingya Wu Jing An
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Segment Definition A part or activity of an organization about which manager would like cost, revenue, or profit data Examples: Quick Mart An Individual Store A Sales Territory A Service Center
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Segment Segments can be categorized by Geo graphic Region….. E a s t $ 7 5 , 0 0 0 , 0 0 0 O r e g o n $ 4 5 , 0 0 0 , 0 0 0 W a s h i n g t o n $ 5 0 , 0 0 0 , 0 0 0 C a l i f o r n i a $ 1 2 0 , 0 0 0 , 0 0 0 M o u n t a i n S t a t e s $ 8 5 , 0 0 0 , 0 0 0 W e s t $ 3 0 0 , 0 0 0 , 0 0 0 M i d w e s t $ 5 5 , 0 0 0 , 0 0 0 S o u t h $ 7 0 , 0 0 0 , 0 0 0 S u p e r i o r F o o d s C o r p o r a t i o n $ 5 0 0 , 0 0 0 , 0 0 0
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Segment Or by Products C o n v e n i e n c e S t o r e s $ 8 0 , 0 0 0 , 0 0 0 S u p e r m a r k e t C h a i n A $ 8 5 , 0 0 0 , 0 0 0 S u p e r m a r k e t C h a i n B $ 6 5 , 0 0 0 , 0 0 0 S u p e r m a r k e t C h a i n C $ 9 0 , 0 0 0 , 0 0 0 S u p e r m a r k e t C h a i n D $ 4 0 , 0 0 0 , 0 0 0 S u p e r m a r k e t C h a i n s $ 2 8 0 , 0 0 0 , 0 0 0 W h o l e s a l e D i s t r i b u t o r s $ 1 0 0 , 0 0 0 , 0 0 0 D r u g s t o r e s $ 4 0 , 0 0 0 , 0 0 0 S u p e r i o r F o o d s C o r p o r a t i o n $ 5 0 0 , 0 0 0 , 0 0 0
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Responsibility Accounting Definition: A management system that aims to develop performance measure s by which segment managers are ev aluated. Three categories of accounting segm ents: Cost Center Profit Center Investment Center
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Responsibility Accounting Cost Center: Segments whose managers are held resp onsible only for costs but not for revenue or investments. For managers, Minimize cost Provide the level of services or the amount of p roducts demanded by the other parts of the org anization
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Responsibility Accounting Profit Center Segments whose managers are held resp onsible for both costs and revenues but n ot for investments For managers, Performance is evaluated by comparing actual profit to targeted or budgeted profit.
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