Introduction:
Segment Reporting:
The reporting policy of the company based on the business or operating segment or geographical coverage of the business is called segment reporting.
Business segment provides information related to individual products and services or group of products and services that are different from other business segments. Geographical segment provides information related to products or services within a particular economic environment that are different from other geographical area.
Segment reporting helps in better understanding of the company, better assessment of risks and returns and enables good comparability that helps in taking appropriate decisions by the management.
Requirement-1:
To identify:
The five regional segments of Samsung Company from its annual report for the year ended December 31st, 2015.
Requirement-2:
To identify:
The items of accounting information disclosed in the annual report of Samsung for each of its regional segments.
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Loose Leaf for Fundamental Accounting Principles
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