A STUDY OF SEGMENT REPORTING PRACTICE IN INDIA

Mahavir M. Shetiya , Dr. Parag Saraf

Abstract


The objective of segment reporting is to precisely identify and analyze business opportunities as well as risks. Accounting standards 17, ‘Segment Reporting’, issued by the council of the Institute of chartered Accountants of India. Segment reporting helps to improve profitability and also aids in managing risk by making available disaggregated segment data for detailed analysis of the firm. This paper highlights the need and impact of segment reporting and found that reporting of segment data is vital not only from the point of view of investors but in long run it will positively contribute for growth of company as well as whole business economy.


Keywords


Segment, Accounting standard, economic decisions, disaggregated information.

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