Segment Reporting under IFRS 8

2015 ◽  
Author(s):  
Martin Nienhaus
Keyword(s):  
Segment Reporting ◽  
Ifrs 8

scholarly journals Segment Reporting: Is IFRS 8 Really Better?

2015 ◽  
Vol 12 (1) ◽  
pp. 37-60 ◽  
Author(s):  
Mark Aleksanyan ◽  
Jo Danbolt
Keyword(s):  
Segment Reporting ◽  
Ifrs 8

scholarly journals External Segment Reporting in the Republic of Serbia

2016 ◽  
Vol 54 (1) ◽  
pp. 155-176 ◽  
Author(s):  
Vladimir Obradović ◽  
Nemanja Karapavlović
Keyword(s):  
Financial Institutions ◽  
Financial Reporting ◽  
Financial Statements ◽  
Potential Usefulness ◽  
Statistical Techniques ◽  
High Quality ◽  
Segment Reporting ◽  
Ifrs 8 ◽  
The Republic ◽  
Segment Information

AbstractThe purpose of the research in this paper is to examine the regulation and practices of external segment reporting in the Republic of Serbia. The importance of research stems from a great potential usefulness of segment information for investors and creditors. The analysis of regulation suggests that the Republic of Serbia has high-quality and internationally recognized basis of external segment reporting – IFRS 8. However, there is a room for improvement of IFRS 8. The analysis of practices, conducted on a sample of 500 companies, shows that companies in the Republic of Serbia, in general, do not attach great importance to the disclosure of segment information in financial statements. The practices are quite miscellaneous, which is a consequence of the flexibility of IFRS 8, but also an incomplete compliance with IFRS 8. By applying statistical techniques we have examined whether the practices of external segment reporting are related to characteristics of companies, which makes the originality of the paper. We have found that financial institutions disclose more extensive quantitative segment information in relation to other companies in the Republic of Serbia, and that companies with higher assets disclose more extensive segment information. The research indicates that there is a significant room for improving the practices of external segment reporting in the Republic of Serbia. The research results may be useful for regulators of financial reporting and preparers and auditors of financial statements.

scholarly journals Managerial empire building and segment reporting quality: The role of auditor industry specialization

2014 ◽  
Vol 12 (1) ◽  
pp. 518-530
Author(s):  
Chaur-Shiuh Young ◽  
Chia-Hui Chen ◽  
Fei-Liang Chien ◽  
Tzu-Yi Yu
Keyword(s):  
Reporting Quality ◽  
Management Approach ◽  
Lower Segment ◽  
Accounting Standard ◽  
Industry Specialization ◽  
External Auditors ◽  
Empire Building ◽  
Segment Reporting ◽  
Ifrs 8

This study aims to explore whether empire building firms have lower segment reporting quality under the new accounting standard-IFRS No. 8, Operating Segments. IFRS No. 8 requires firms to report segment information on basis of the management approach, which implying the opportunity of managerial manipulation. We use the sample of 8 countries that have followed IFRS 8 over the period 2009-2011, and find that when managers with high incentives to build managerial empire will conceal segment reporting information on purpose which leads to lower segment reporting quality. Furthermore, our results show that external auditors with industrial experience attenuate the agency problem of managerial empire building and consequently increase segment reporting quality.

scholarly journals Information Value of the Segment Reporting in the Polish Energy Sector

2020 ◽  
Vol 3 (1) ◽  
pp. 394-406
Author(s):  
Aleksandra Sulik-Górecka
Keyword(s):  
Stock Exchange ◽  
Renewable Energy Sources ◽  
Energy Sector ◽  
Information Value ◽  
Energy Sources ◽  
The European Union ◽  
Financial Reports ◽  
Segment Reporting ◽  
Warsaw Stock Exchange ◽  
Ifrs 8

AbstractConventional energy sources dominate in the Polish energy sector, which is a huge risk to meeting environmental protection requirements. Polish energy companies are facing challenges related to meeting the requirements of the European Union and the National Energy Policy. The paper attempts to answer the question whether the ongoing discussion on the future of the energy sector, dealing with such issues as development of renewable energy sources is reflected in the annual financial reports of companies listed on the Warsaw Stock Exchange and covered by the WIG_ENERGY index. This study contributes to the extant literature on financial disclosures in several ways. First, the examination of compliance of segment reporting of selected companies listed on the Polish stock exchange with International Reporting Standards (IFRS) was carried out (particularly IFRS 8 – Operating Segments). Second, the information value of disclosures for investors in the energy industry was assessed. The empirical part was preceded by a description of segment reporting principles in accordance with IFRS 8 and the summary of challenges facing the energy sector in Poland.

scholarly journals International Accounting Standards (IAS). Transition of Existing to New Accounting Standards in a Rapid Changing Environment. The Impact of Adoption of New Accounting Standards in the Developed Economies in European Union. Conclusions, Expectations and Perspectives

2021 ◽  
Vol 7 (4) ◽  
pp. p78
Author(s):  
Efthalia Tabouratzi ◽  
Orestis Katsidis ◽  
Eleftherios Charamis
Keyword(s):  
Accounting Standards ◽  
International Accounting Standards ◽  
Global Level ◽  
Future Perspectives ◽  
Segment Reporting ◽  
Developed Economies ◽  
Global Pandemic ◽  
Ifrs 8 ◽  
The Impact ◽  
The Eu

Adopting a set of accounting standards on a global level derives from the growing globalization of international economies. However, the transition from old to new ones is challenging in a rapidly changing economic environment. This article presents an assessment of IFRS 8 (Operating Segments) adoption, after replacing IAS 14 (Segment Reporting), and examines the impact occurred in the developed economies within the EU, with relevant considerations referring to the current COVID-19 global pandemic situation.This study analyzes the effect of this controversial standard on segment reporting and attempts to identify the determinants of changes in disclosure practices. Based on a four country sample, the current research identifies specific significant financial information changes, although segmentation remains relatively stable. Furthermore, the study includes relevant considerations on reporting, as reflected from current COVID-19 pandemic.The present research includes a historical reference to the development of the accounting standards under examination. Conclusions, expectations, and future perspectives are also presented in the paper.

Potential of IFRS 8: Managerial "customization", relevance of subsidiaries and separate financial statements

2018 ◽  
pp. 103-131
Author(s):  
Andrea Cuccia
Keyword(s):  
Information Needs ◽  
Balance Sheet ◽  
Financial Statements ◽  
Management Approach ◽  
Economic Activities ◽  
Consolidated Financial Statements ◽  
Segment Reporting ◽  
Planning And Control ◽  
Ifrs 8 ◽  
Reporting Structure

Nowadays companies are engaged in an increasingly competitive and global arena, where informational imbalances between companies and investors might be seen as a constraint to the correct functioning of markets. Breakdown of infor-mation by segments might be seen as an attempt to intercept different information needs about each circumscribed area of economic activities individually identified within entity-group. This paper is first intended to figure out, by resorting to practical examples, the effects of full management approach on IFRS 8 segment reporting structure. Then, in the light of the state of art arising from IFRS 8 Post-Implementation Review and the latest criticisms, in order to guarantee its useful-ness, it calls for a more awareness of the multi-faceted nature of segment reporting as a planning and control tool. Besides, merit of segment reporting is to recovery subsidiaries data elided within the consolidated financial statements. Following this perspective, separate financial statements, depicting subsidiaries in terms of in-vestments and profits and losses flowing respectively into balance sheet and in-come statements, is bound to provide a synthetic overview of all the business areas occupied by entity-group.

Role of Country-Level Characteristics in Segment Reporting: EU Evidence

2021 ◽  
pp. 2150018
Author(s):  
Ahmed Aboud ◽  
Akrum Helfaya
Keyword(s):  
Positive Impact ◽  
Investor Protection ◽  
Firm Level ◽  
Reporting Practices ◽  
Segment Reporting ◽  
Country Level ◽  
Legal Enforcement ◽  
Ifrs 8 ◽  
The Impact

Based on a country-level-characteristics framework, we empirically tested the impact of IFRS 8 adoption, the country’s legal system and level of legal enforcement, investor protection, conservatism, and closeness between national GAAP and IFRS on both the quantity and quality of segment reporting. Using a sample of companies from 15 EU countries covering four years (two years preadoption and two years postadoption of IFRS 8), we found that the adoption of IFRS 8 is associated with a decrease in the quantity and an increase in the quality of segment reporting. Moreover, we report that a common-law system, the country-level legal enforcement, and investor protection have a significant and positive impact on the quantity and quality of segment reporting. Meanwhile, country-level conservatism and closeness between national GAAP and IFRS are negatively related to the quantity and quality of segment reporting. In addition to firm-level characteristics, this study extends the prior limited literature by documenting the importance of country-level characteristics as factors that enhance segment reporting practices in Europe. We also discuss the research contributions and implications for research, professional practice, and policymakers.

Sign in / Sign up

Export Citation Format

Share Document