In this article we will discuss about:- 1. Introduction to Segment Reporting 2. Guidelines for Segment Reporting 3. Information to be Disclosed by Operating Segment 4. Explanation of Measurement. Introduction to Segment Reporting: To facilitate the analysis and evaluation of financial data, in the 1960s several groups began to push the accounting profession to require disclosure of segment information. Not [...]
In this article we will discuss about the financial reporting of securities and exchange commission. The Work of the Securities and Exchange Commission: In the United States, the responsibility for ensuring that complete and reliable information is available to investors lies with the Securities and Exchange Commission (SEC), an independent agency of the federal government created by the Securities Exchange [...]
With so much money at stake, the need for not-for-profit organizations to provide adequate and fairly presented financial information is understandable. Current and potential contributors and other interested parties want to know how financially stable these organizations are and how they use the monies they receive. Future gifts or grants are often based, at least in part, on the organization's [...]