Naslov
Harmonizing external and internal financial reporting by operating segments

Autori
Turčić, Marino ; Mance, Davor

Izvornik
The world of accounting science (1302-258X) 14 (2012), 2; 61-75

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Operating Segment; Reporting Segment; Financial Statement Presentation

Sažetak
In this paper, a system of external financial reporting by operating segments, specific for it's inclusion of the the dissaggregation criteria for the purposes of internal segment reporting, is put forward. The proposed system describes an informational basis for the required aggregation of homogeneous items needed for external reporting purposes. Therefore, the goals of harmonized financial reporting by business segments may simultaneously be achieved together with the goals set by internal and external reporting. The paper encourages the application of a new concept of harmonised external and internal financial reporting according to operating segments. These new reports offer a preview of business processes and account for responsibilities in managing operating segments, uncovering contributions of individual business segments to the total financial result of the entity. Improving the theoretical knowledge from the practical experience of the lodging industry, an assessment model of external and internal segment reporting harmonisation was created and tested on a sample including some well known international corporations and some Croatian entities, whith securities listed on stock-exchanges.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA