The Definition of an Operating Segment Essay Example | Topics and Well Written Essays - 750 words

The Definition of an Operating Segment - Essay Example Corporations that sell at the retail level, but who also have an online operation have multiple operating segments. The e-commerce operation would be considered an operating segment. Let’s take the Jiffy Lube business as an example. The money generated by the oil change operation would be considered an operating segment. The car wash operation of the business is another operating segment. Any food items sold inside the store in the waiting area would be a third operating segment of the company. 2. I agree with your definition of an operating segment. It is imperative for the CEO or COO of a company to evaluate the performance of each operating segment on a recurrent basis. Whenever an operating segment starts to under perform that segment could become unprofitable. A strategy that can be used by management to eliminate operating segments that are not generating profits is divesture. Divesture can be defined as the partial or full disposal of an investment or asset through sale, exchange, closure or bankruptcy (Investopedia, 2011). Investopedia.com (2011). Divesture. Retrieved September 7, 2011 from http://www.investopedia.com/terms/d/divestiture.asp#axzz1XEq4B6YF Effective and successful managers are able to generate profits from all the operating segments of a company. On many instances companies achieve expansion by adding operating segments to their operations. ... Two powerful stock exchanges are the NYSE and the LSE. The Securities and Exchange Act of 1933 requires companies to register with the SEC prior to going public. The Securities and Exchange Act of 1934 discusses the matter of being public. Once a company is public the SEC oversees its activities. The Securities and Exchange Act of 1934 regulates broker dealers and stock exchanges. 6. GAAP guidelines are used in the preparation of financial statement disclosures. Financial statement disclosures are comments or explanations listed in a company’s financial statements. Three types of items that are covered by disclosures and whose inclusion is mandatory based on GAAP rules are changes or errors, asset retirement and insurance contract modification. There are also voluntary disclosures included in the business reports of companies. Some voluntary disclosures include forward looking statements and management analysis. 5. The threshold to for an operating segment to be reportable is listed below: Reported revenue is at least 10 percent of combined revenue Reported profit (loss) is at least 10 percent of combined profit (loss) Assets are 10 percent or more of combined assets (Schroeder & Clark & Cathey, 2011). Schroeder, R.G., Clark, M.W., Cathey, J.M. (2011). Financial Accounting Theory and Analysis (10th ed.). New Jersey: John Wiley & Sons. 7. Weekly Summary Week 5 was very challenging, but I learned a lot about accounting during the week. The individual paper discussed pension funds. I learned that the use of pension funds became used a lot in corporate America after World War II. The accounting profession and the government have ensured that corporations respect the rights of retirees by properly funding pension funds. In

To what extent do you believe that the RIPA 2000 balances Respect for Essay

To what extent do you believe that the RIPA 2000 balances Respect for Private Life with a Need to Protect the Public - Essay Example It is argued that the balance is in favour of protection of the public. The Right to Privacy In order to determine the extent to which the tensions between protection of the public and protection of the right to privacy are balanced in the context of online communications via RIPA, it is first necessary to analyse the legal framework relative to the right to privacy. ... However, where those exceptions exist such as the protection of the public or the prevention of crime, interference in the individual’s right to privacy must be according to law. In this regard, the European Court of Human Rights (EHR) ruled that any such laws or regulatory regime must be clear enough so that average citizens is aware that he or she does not have a reasonable expectation of privacy in the circumstances allowing state interference in private life.6 Obviously where an individual engages in certain activities in public, there can be no reasonable expectation of privacy.7 Obviously online communications are activities conducted in public and thus there should be no reasonable expectation of privacy, thus no breach of Article 8(1).8 Even so, the European Court of Human Rights has held that the mere fact that activities are conducted in public does not automatically mean that there can be no reasonable expectation of privacy.9 It therefore follows that if an activit y is conducted in public and there is a reasonable expectation of privacy, the protection of privacy as provided for under Article 8 of the ECHR will arise. Online communications can be regarded as public activities but can raise complex questions as to whether or not there is a reasonable expectation of privacy. For example, posting in a public forum online or blogging are probably as public as an individual carrying a â€Å"banner† in public can reasonably expect for it to be read by almost anyone.10 Complicating matters for online communications relative to a reasonable expectation of privacy, online users often have several tools available to them for â€Å"restricting access.†11 On the other hands, there are instances in online communications where the user obviously has a