Army Transportation International Financial Reporting Standards Paper I need two different answers for two different students there are two part B and C in

Army Transportation International Financial Reporting Standards Paper I need two different answers for two different students there are two part B and C in each part 500 words total=1000 words each assignment 1000 words I have slides which will help you to answer these questions B. You are the financial controller of Black Stone PLC, a listed company which prepares
consolidated financial statements in accordance with International Financial Reporting Standards
(IFRS). Your managing director, who is not having a background in accounting, has requested
you to clarify his questions (given below in points i & ii) concerning segment reporting, with
relevant examples:
ii. In which circumstance the company can able to declare a segment as reportable segment even if
they do not meet the quantitative thresholds?
iii. Explain the disclosure requirement on reportable operating segments.
Required:
Write a report to the managing director by explaining the IFRS 08 – Operating Segments to answer
his questions.
C. You are the financial controller of ABC plc which prepares consolidated financial statements in
accordance with International Financial Reporting Standards (IFRS). Your managing director, who is
not from finance area, has some questions related to financial reporting on small and medium
enterprise (given below):
i. Why do small and medium entities, need not comply with the detailed requirements of IFRS?
ii. Is it true that there are different accounting rules which are available for small and medium sized
entities?
iii. Can ABC plc take advantage of them? Explain.
Required:
Provide answers to the questions raised by the managing director by evaluating the key points
of IFRS for small and medium sized entities (SMEs).

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