A number of companies voluntarily prepare segment reports beyond
what is required by regulation. Given the...
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Accounting
A number of companies voluntarily prepare segment reports beyondwhat is required by regulation. Given the difficulties faced byregulators in developing rules for segment reporting, is regulationreally necessary and/or desirable?
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In my opinion rules for segment reporting is essential because 1 It ensures transparency in financial statements Transparency is the cornerstone of financial reporting
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