Accounting Standards in India – Simple Explanation – Segment reporting (AS 17)

Indian accounting standards in India is very useful for Indian Accountants , chartered accountants , commerce professors , company secretaries and cost and work accountants , So , it is included in the syllabus of B.Com , ICAI , C.S. , M.Com. , MBA, and UGC tests. Deep understanding of accounting standards can help you taking good decisions in the field of accounting and finance.
But problem is that way of explaining accounting standards in text books are so boring and some tough explanation which is not needed. I am trying to explain it in very interesting and simple way, so that main aim of making accounting standard will be fulfill because without understanding, there will no benefit to write it in detail.

After getting some queries from students in which they have liked my way to explain Indian accounting standards, I have already written 1 to 16 standards, after increasing the curiosity to know rest accounting standards from 17 to 32 in accounting education, I am starting again to write simple explanation of accounting standards in India and today, you can study Segment reporting today. It is seventeenth accounting standard.
Segment reporting is very important accounting standard which is made by ICAI. In this standard ICAI has made simple rules relating to showing financial statement of each segment.
First of all you should understand segment. Segment is smallest part of cost center in which attribute the cost of product.
Moreover we can define that when we made any product, it is processed from different parts so every division is also segment or when we divide whole enterprise geographically then every part of enterprise is also called segment.

Now you can understand segment reporting. It is the duty of board of director to disclose segment revenue and financial report because interested parties like customers and investors can get more idea about the performance of company in each division or segment of whole business. It may possible that whole performance of company is good but most divisions or segment are performing bad , then customers and investors can make better planning for taking decisions .






access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: Accounting Standards in India – Simple Explanation – Segment reporting (AS 17)
Accounting Standards in India – Simple Explanation – Segment reporting (AS 17)
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock