You are the accountant of Green Valley Berhad

You are the accountant of Green Valley Berhad. Green Valley Berhad is a Malaysian listed company that engages in several business segments. You have briefed the board of directors on the operating segments from the perspective of MFRS 8: Operating Segments. However, the board of directors require more information on how the reportable segments should be aggregated.

Required: Prepare a note to explain the 5 (five) criterions to aggregate the reportable segment. Provide one example for each of the criteria. (15 marks)

Part B Lemon Berhad is having two assets namely investment in Mango Berhad and investment properties in Petaling Jaya.

The professional valuer has furnished the price of the identical investment properties in Petaling Jaya and market rental data. However, the directors were not agreed on the valuation report, arguing that the usage of the investment properties was different. The directors were not sure on what should be used for both assets. Thus, the directors decided to use top management judgement to measure the fair value of investment in Manggo Berhad and investment properties.

Required: As the consultant for Lemon Berhad, advise how Lemon Berhad should measure the investment in Manggo Berhad and investment properties, in compliance with the MFRS13; Fair Value Measurement