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Many conglomerates have expanded into more diversified businesses and some have entered overseas markets. As a result, their operations have become too sophisticated to allow financial performance to be analysed from the profit-and-loss statement and balance sheet alone. So, how do shareholders or investors know which businesses are making money and which are losing money? The answer is ''segment information''.
Segment information is a part of the financial statements that provides useful information about a company's revenues, operating results and assets, by business segment and geographical segment.
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Discuss the provisions of as-17 on segment reporting?
AS 17, is a disclosure standard meaning that it involves only disclosure of a certain information in the financial statements by the way of additional information.
Discuss to what extent of segment reporting is beneficial to different stakeholders group?
Segment reporting will help various vendors because they can determine if they will continue to do business with the organization. It also helps vendors make changes with their processes, that will ultimately help the business make money.
Advantages and Disadvantages Cash Receipt system?
A receipt has many advantages towards it as it using the cash receipts provides more accurate reporting. The ability to use actual cash receipts and cash payments provides better information on a company's cash use. In some cases, a company may operate under the cash basis accounting method to ensure the cash information is accurate.
Where do credit reporting agencies collect their information from?
Credit reporting agencies collect their information from several sources, including direct investigation, trade creditor and banking connections, insurance records, and public records
What are the advantages and disadvantages of regulating accounting information?
advantages they enable uniformity
Importance of segment reporting AASB 114?
The AASB 114 applies to entities that work 'for profit'. Principles for reporting financial information by segment information about its products and services and the location and is used for its financial reports.
Discuss the provisions of as-17 on segment reporting?
AS 17, is a disclosure standard meaning that it involves only disclosure of a certain information in the financial statements by the way of additional information.
What are the disadvantages of segment reporting information?
This analysis could prove time-consuming. When the sector shares resources or capital among the others, it is hard to qualify how each sector is performing.
What are disadvantages of segment reporting information?
This analysis could prove time-consuming. When the sector shares resources or capital among the others, it is hard to qualify how each sector is performing.
What has the author Paul Pacter written?
Paul Pacter has written: 'An analysis of issues related to consolidation policy and procedure' 'Reporting financial information by segment' -- subject(s): Accounting, Standards
Discuss to what extent of segment reporting is beneficial to different stakeholders group?
Segment reporting will help various vendors because they can determine if they will continue to do business with the organization. It also helps vendors make changes with their processes, that will ultimately help the business make money.
When developing protocols that promotes situation awareness priority should be given to?
* Standardizing reporting. Providing the right information at the right time
What are the advantages of report software?
This type of software streamlines expense reporting processes, enabling you to keep all of the accessory information organized and in one place. Tracking activities becomes much for simple.
Where can someone find information about Experian Credit reporting?
A person can expect to find information about the company of Experian Credit Reporting by going to the companies website and clicking on the about section.
What is a credit reporting agency?
A credit reporting agency (CRA) is a company that gathers and sells financial history information
What is a system of gathering financial information about a business and reporting this information to users called?
Accounting
What is a good online source of information about triple bottom line reporting?
For more information regarding the Global Reporting Initiative: http://www.globalreporting.org For more information regarding the Dow Jones Sustainability Indexes: http://www.sustainabilityindexes.com
