Detail Segment Information : What Early Adopters Reported   Oleh:  Nichols, Nancy B. ; Street, Donna L. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 187 no. 1 (1999), page 37-42. Topik: INFORMATION; segment information; adopters reported Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Most public companies are now determining what impact FASB Statement no. 131, Disclosures about Segments of an Enterprise and Related Information, will have on their 1998 financial statements. The pronouncement requires companies to report financial and descriptive information about reportable operating segments the components of the enterprise that provide separate financial data to the company's decision maker. As companies take the steps necessary to comply with Statement no. 131, they should look first at some of the major changes from previous guidance. The financial statements of early adopters of Statement no. 131 many of which had to alter their segment disclosures to comply illustrate many of these changes and can help companies determine how they should segment their businesses for financial reporting purposes and handle other implementation issues as well. Statement no. 131 replaces Statement no. 14, Financial Reporting for Segments of a Business Enterprise, for years beginning on or after December 15, 1997. Statement no. 14 defined industry segments based on related products and services. Statement no. 131 requires companies to base operating segments on the organization's internal structure, which is not necessarily by industry. It also requires limited enterprise wide disclosures. Following are some other differences between the two statements : Statement no. 131 establishes disclosure requirements for reportable segments based on how a company is managed rather than on the industry, geographic and major customer approach of Statement no. 14. Statement no. 131 requires more detailed disclosures for operating segments, including significant non cash items other than depreciation, depletion and amortization. Under Statement no. 131, companies must disclose limited segment information in interim financial statements ; Statement no. 14 had no such requirement. All companies, even those with only one reportable operating segment, must provide enterprisewide disclosures. Exhibit 1, page 39, compares some of the major disclosures required under Statement nos. 131 and 14. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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