Segment Reporting Practices in India: Impact of IFRS 8 During Transition Period

Authors

  • Ram Prahlad Choudhary Department of Commerce, University of Calcutta, Kolkata
  • Satyajit Ghorai Department of Commerce, Jhargram Raj College, Jhargram

DOI:

https://doi.org/10.33516/maj.v51i10.35-49p

Abstract

The present study has scrutinized the current segment reporting practices of selected Indian listed companies to verify the impact of global convergence of accounting standards on its pattern of segment reporting. The study discovered that the convergence of global accounting standards (results into IFRSs) has no such significant impact on Indian segment reporting practices particularly in the transition period. Still it has believed that this new approach may have some positive impact after the implementation of Ind AS through the permanent changing of reporting behavior. It has been concluded that to get a hold of any positive result we may have to wait for some more time since any practice takes some extra time to change itself. Some fruitful recommendations have also been forwarded for the betterment of the segment reporting practices in India.

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Published

2016-10-01

How to Cite

Choudhary, R. P., & Ghorai, S. (2016). Segment Reporting Practices in India: Impact of IFRS 8 During Transition Period. The Management Accountant Journal, 51(10), 35–49. https://doi.org/10.33516/maj.v51i10.35-49p

Issue

Volume 51, Issue 10, October 2016

Section

Cover Story
Crossref
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Europe PMC

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