Why segmental information is required in company accounts

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Explain why segmental information is required in company accounts.

Identify and explain the two main bases for segmental reporting that for many years were required by ?nancial reporting standards in this area. Discuss the advantages and disad- vantages of each basis.

What approach is required by the current IASB standard in this area? What are seen to be the advantages and disadvantages of this approach and why might those producing financial reports prefer it to alternative approaches?

Reference no: EM133198303

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