Lal, Jawahar
July 1986
FE: The Magazine for Financial Executives;Jul/Aug1986, Vol. 2 Issue 7/8, p37
Trade Publication
The article focuses on the importance of segmental information for investors and other external users in India who deal in diversified companies. The article is based on the responses of 230 private sector public companies and 25 public sector companies in India. A survey of Indian investors has revealed that they are in need of satisfactory segmental disclosure in annual reports to make proper investment decisions. Segment profit should be determined after allocation of all costs, direct and indirect. Most Indian companies observe that all costs are relevant in arriving at segment profit. The majority of Indian companies have observed that segment information should be provided in a supplementary statement as a part of the basic financial statements.


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