In this article we will discuss about:- 1. Introduction to Segment Reporting 2. Guidelines for Segment Reporting 3. Information to be Disclosed by Operating Segment 4. Explanation of Measurement. Introduction to Segment Reporting: To facilitate the analysis and evaluation of financial data, in the 1960s several groups began to push the accounting profession to require disclosure of segment information. Not [...]
In this article we will discuss about selecting an appropriate basis of segmentation. The appropriateness of a basis of segmentation should be decided in terms of its relevance to external users for decision-making purposes. Generally speaking, that segment is material for users which show significantly different rates of profitability, diverse degrees of risk or varying opportunities for growth. The segment [...]
In this article we will discuss about Segment Reporting:- 1. Concept of Segment Reporting 2. Benefits of Segment Reporting 3. Limitations 4. Difficulties. Concept of Segment Reporting: The basic goal of a country's economy is to maximise the economic and social welfare of its citizens through an efficient allocation of resources. In developing economies, chartered by inadequate resources, capital is [...]