1. Prepare a paper on reporting and disclosure issues related to segment and NCI within a 10-K that must include the following: https://www.sec.gov/Archives/edgar/data/1089872/...

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1. Prepare a paper on reporting and disclosure issues related to segment and NCI within a 10-K that
must
include the following:
https://www.sec.gov/Archives/edgar/data/1089872/000119312512117500/d280922d10k.htm



  1. Explore the concepts of segment and NCI disclosure and reporting using the course. You
    must
    also find and review / read outside literature (to mean more than just the 10-K report) on these subjects and use and reference


a. A brief introduction / review of your chosen entity.


b. What are the requirements / rules for disclosures in the two areas of segments and NCIs to include the history and development of the specific rules, the specific applicable rule #s, key points etc. of segment and NCI reporting and disclosure requirements?


c. Summarize what and how your company has disclosed relating to these two items (and
only
these items), and


d. Your thoughts on the effectiveness / overall meaningfulness of your company's disclosures relating to
only
segments and NCIs and their disclosure rules for these two areas only


3. Prepare a paper on the CAFR report to include the following:
http://media.graphcms.com/hpKRwjNMTHKtIhawSLOU



  1. Explore the concepts of the course material relating to CAFRs. You
    must
    also find and review / read outside literature on this subject and the below requirements as well and use and reference


a. A brief introduction / review of your chosen CAFR entity.


b. For the CAFR report, discuss its focus, what it is trying to impart on its users, a review of the main sections of the CAFR (what is
NOT
expected is a fund-by-fund accounting of figures, performance, balances, etc.)


c. Clearly identify who the actual intended audience / users of a CAFR report are outside those the CAFR report itself is addressed to.


d. Discuss your thoughts on how a CAFR is presented to its users


5. Prepare a paper on the Form 990 to include the following:
https://www.feedthechildren.org/assets/documents/fy20-form-990.pdf



  1. Explore the concepts of the class material relating to NFPs and Form 990s. You
    must
    find and review / read outside literature on these subjects as well and use and reference


a. A brief overview of your entity.


b. Discuss what a Form 990 is, what is its focus, what are its major sections and requirements, and what it's intended to do.


c. Discuss who are the Form 990's actual intended users - who and why is the form intended for (what is
NOT
expected is a fund-by-fund accounting of figures, performance, balances, etc.).


d. Finally, compare the Form 990 to your NFP entity’s annual report (if they don’t have an annual report, find an annual report from another NFP) and discuss the different audiences/needs/users / purpose of same.

Answered 2 days AfterNov 20, 2021

Answer To: 1. Prepare a paper on reporting and disclosure issues related to segment and NCI within a 10-K that...

Khushboo answered on Nov 22 2021
128 Votes
A. Segment and NCI disclosure analysis:
Brief introduction about the selected entity:
Gaia Inc formerly known as Gaiam Inc is a US-based MNC organization which is providing media video streaming services and is headquartered in Colorado, USA. The company was founded in 1988 and is listed on NASDAQ. Mr. Jirka Rysavy is the founder of the organization and the entity is having a revenue of US$ 66.827 million in the year 2020.
US GAAP provisions related to NCI and segment reporting and disclosures made by the entity:
As per US GAAP, an entity should disclose the results of each segment separately if any business activity qualifies as a segment. As per Topic 280, an entity should disclose the revenues, profit and loss, interest and depreciation, business expenses, and material items separately for each segment. Further, as per reporting requirements, the segments can be classified based on products or geographic locations, and accordingly, disclosures should be made for each segment. Further, the entities should also disclose the long-lived assets of all segments separately to analyze the performance and financial status of each segment.
In the case of Gaiam Inc., the company has properly disclosed the segment reporting in its annual report. The company has bifurcated its business activities into three segments i.e. direct to customers, business, and solar. The entity has disclosed the segment-related information in note 13 in its annual report for the year 2020 such as net revenue from each segment, contribution margin from each segment, reconciliation of contribution margin, total assets of three segments, and components of long-lived assets. Thus, the entity has complied with the provisions for segment reporting and has made all disclosures (Gaiam Inc. 2012).
As per US GAAP provisions, the entities are also required to disclose the income attributable to NCI in their income statement separately. Further, understatement of change in equity, the NCI interest should be disclosed separately. Further, the dividend and other profit items should also be...
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