The objective of ASLB 18, ‘Segment Reporting’, is to establish principles for reporting financial information bysegments. This Standard also require disclosuresofinformation that will help users of the financial statements to better understand the entity’s past performance,and to identify the resources allocated to support the major activities ofthe entity; and enhance the transparency of financial reporting and enable the entity to betterdischarge its accountability obligations.
The Exposure Draft is open for comment until 31st July, 2015
Due process documents |
Exposure Draft of Accounting Standard for Local Bodies (ASLB) 18 Segment Reporting [PDF] |