This document discusses segment reporting under IFRS 8, AS 17, and Ind AS 14. It defines two types of segments: business segments, which are parts of an enterprise involved in providing individual or related products/services subject to different risks and returns, and geographical segments, which provide products/services within different economic environments subject to different risks and returns. Benefits of segment reporting include better investment decisions, fair valuation, resource allocation, share price equilibrium, credit divisions, performance and risk/return understanding, and easy judgement. Information disclosed includes revenue, foreign sales, profit, customers, major sales, and other details. Challenges include allocating common costs, disclosure costs, increased competition, determining single product profits, and management
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