Segment Reporting under IFRS 8 : Reporting practice and economic consequences
New
Book Details
Format
Hardback or Cased Book
ISBN-10
3631664583
ISBN-13
9783631664582
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Aug 24th, 2015
Print length
248 Pages
Weight
450 grams
Dimensions
15.40 x 21.50 x 1.90 cms
Product Classification:
Business strategyBudgeting & financial management
Ksh 10,000.00
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This study analyzes the impact of introducing IFRS 8 on segment reporting practice and its economic consequences. The results show that segment information based on the management approach is a useful decision, it mitigates information asymmetries, reduces the cost of capital and also affects the work of financial analysts.
The adoption of IFRS 8 marked a major change in the segment reporting rules under IFRS. This step, however, was heavily criticized and several questions regarding IFRS 8 still remain unanswered. Therefore, this study analyzes the impact of IFRS 8 on segment reporting practice and its economic consequences. The results show that firms report on average more segment information. Moreover, segment reports from the management’s perspective are useful and mitigate information asymmetries, reduce the cost of capital and affect the work of financial analysts. The findings have implications for the IASB, preparers, auditors and users of financial statements as well as enforcement institutions.
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