Perceptions regarding Segmental Reporting Disclosures in South Africa

Abstract

Recent studies have reported a need to re-examine accounting standards on segmental reporting. This paper reports part of the results of two surveys that obtained financial statement users and preparers perceptions on segmental reporting practice in South Africa. The results corroborate the literature and suggest areas where the present requirements of the South African accounting standard, AC 115 could be improved.

Key Words:

• segment
• line-of-business
• disaggregation