TITLE

SEGMENT REPORTING IN INDIAN BUSINESS: THE CORPORATE VIEW

AUTHOR(S)
Lal, Jawahar
PUB. DATE
July 1986
SOURCE
FE: The Magazine for Financial Executives;Jul/Aug1986, Vol. 2 Issue 7/8, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15090896

 

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