The Application of IFRS: Segment Reporting – Executive Summary is based on a review of the most recent consolidated financial statements of randomly selected companies within the Fortune 500 that are IFRS preparers. This publication is an executive summary of a larger publication, The Application of IFRS: Segment Reporting, which the ISG expects to issue in August 2010. For the companies that are already reporting under U.S. GAAP or Canadian GAAP - ignore the discussion under IAS 14 (i.e. the old segmented reporting standards under IFRS) as the new segment reporting standards under IFRS (i.e. IFRS
is conceptually harmonized with U.S. and Canadian GAAP reporting.
Read Application of IFRS: Segment reporting – Executive Summary from KPMG website
Publication date: July 2010 Source: KPMG – IFRS website