Detail It's Time to Implement Segment Disclosures   Oleh:  Bunce, Kenneth R. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 187 no. 1 (1999), page 43-46. Topik: segmentation; segment disclosure Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.8 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel With so many companies paying attention to the new accounting standard on derivatives or racing against time to solve Year 2000 - related problems, some may have overlooked another potentially significant financial reporting matter with a rapidly approaching deadline. FASB Statement no. 131, Disclosures about Segments of an Enterprise and Related Information, is effective for years beginning on or after December 15, 1997. This means companies must comply with its requirements to report financial and other information about operating segments in their 1998 financial statements. Few of the companies affected by Statement no. 131 elected to adopt it early. (See the article on page 37.) This suggests companies may have not thoroughly evaluated the statement's disclosure requirements but believe they will not cause any significant problems when adopted. Companies that have historically reported only one industry segment are the most at risk. Evaluated and understood the statement but are not particularly pleased with the nature and extent of the additional information they will be required to disclose. As a result, they are delaying the pain as long as possible or are waiting to see how other companies adopt the statement with the hope of finding creative ways around certain requirements. In either case, companies should not be misled by the seemingly harmless title of Statement no. 131. While its disclosure - only requirements do not require accounting changes and thus will not have an impact on how the company determines its consolidated net income, Statement no. 131 is likely to require enterprises to report more operating segments and more information about those segments. Because Statement no. 131 adopts a management approach to replace the industry segment approach used in FASB Statement no. 14, Financial Reporting for Segments of a Business Enterprise, some of the new disclosures may be sensitive in nature. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved