What do segmental definitions tell us?

Article Abstract:

Segmental data enables analysts and investors to forecast corporate earnings. However, if segments are not well defined, segment data will not be useful at all to the investment community because they would not be able to provide further insight other than that offered by consolidated accounts. Statement of Standard Accounting Procedure (SSAP) No. 25, 'Segmental Reporting,' provides company directors full control of the identification of reported segments and adds guidelines to assist them to identify reportable segments. However, these guidelines allow for a broad range of different forms of segmentation to be employed, all of which would be consistent with the guidelines. The consequence is the inability to ensure consistency in reporting practices across companies. Suggestions on how to deal with this problem are provided.

Line of business reporting

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One step forward, two steps back

Article Abstract:

Issues are presented concerning the accounting standards which have been published on the segmental disclose of accounts. The difficulties the standards will cause large, complex business enterprises are discussed.

Management

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Any other suggestions?

Article Abstract:

A strengthened traditional sector-region approach for segment identification can be followed instead of shifting to a managerial approach as proposed by IFRS 8.

United Kingdom, Reporting & Disclosure, Analysis, Influence, Organizational effectiveness, Organizational structure

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