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As17 segment reporting

Accountancy

What if segment reportable in preceding period because of management discretion,now in current period whether we need to report?? Because in book they only mentioned 10% threshold only

Krishnan K

CA Inter

★ 5K+

31-Jul-23 15:00

349

Answers (6)

Are u asking if mgt on its own discretion reported a segment which was not satisfying 10% criteria in previous year and now in current year is it required to be disclosed again? Is that ur query.

Sugam SM

CA Final

★ 9K+

31-Jul-23 16:35

Sugam SM

Are u asking if mgt on its own discretion reported a segment which was not satisfying 10% criteria in previous year and now in current year is it required to be disclosed again? Is that ur query.

Yes

Thread Starter

Krishnan K

CA Inter

★ 5K+

31-Jul-23 19:36

Sugam SM

Are u asking if mgt on its own discretion reported a segment which was not satisfying 10% criteria in previous year and now in current year is it required to be disclosed again? Is that ur query.

Thread Starter

Krishnan K

CA Inter

★ 5K+

01-Aug-23 13:03

Thread Starter

Krishnan K

May be they can choose not to report

Sugam SM

CA Final

★ 9K+

03-Aug-23 15:29

Sugam SM

May be they can choose not to report

But disclosure may be required for the same in notes to acc. Suraj sir can u share ur answer on the same!

Sugam SM

CA Final

★ 9K+

03-Aug-23 15:30

Not required.

CA Suraj Lakhotia

Admin

04-Aug-23 17:51