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Changes to segment reporting proposed by the IASC

The International Accounting Standards Committee (IASC) has issued an exposure draft of a proposed International Accounting Standard (IAS) E51, Reporting Financial Information by Segment, with comments sought by 30 June. E51 proposes some significant changes to IAS 14, which was issued in 1981.

E51 proposes to change the way in which segments are identified. The entity's internal organisation, management structure and its system of internal reporting to the chief executive office is to be used as the basis for ...

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