Segment Reporting: The Aftermath Effects Of Statement Of Financial Accounting Standards No. 131

Abstract

This article addresses the subject of segment reporting and the after effects of SFAS No. 131 “Disclosures about Segments of an Enterprise and Related Information.” A comparative analysis of the reporting requirements under SFAS No. 14 and SFAS No. 131 is first presented followed with an examination of corporate disclosures before and after the release of SFAS No. 131. The results are discussed in the context of the Financial Accounting Standards Board’s reporting objective “to better understand an enterprises performance.”