AS 17 - 309 Accounting Standard(AS 17(issued 2000 Segment...

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309 Accounting Standard (AS) 17 (issued 2000) Segment Reporting Contents OBJECTIVE SCOPE Paragraphs 1-4 DEFINITIONS 5-18 IDENTIFYING REPORTABLE SEGMENTS 19-32 Primary and Secondary Segment Reporting Formats 19-23 Business and Geographical Segments 24-26 Reportable Segments 27-32 SEGMENT ACCOUNTING POLICIES 33-37 DISCLOSURE 38-59 Primary Reporting Format 39-46 Secondary Segment Information 47-51 Illustrative Segment Disclosures 52 Other Disclosures 53-59 APPENDICES The following Accounting Standards Interpretations (ASIs) relate to AS 17: Revised ASI 20 - Disclosure of Segment Information ASI 22 - Treatment of Interest for determining Segment Expense The above Interpretations are published elsewhere in this Compendium.
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(issued 2000) Segment Reporting (This Accounting Standard includes paragraphs set in bold italic type and plain type, which have equal authority. Paragraphs in bold italic type indicate the main principles. This Accounting Standard should be read in the context of its objective and the Preface to the Statements of Accounting Standards 1 .) Accounting Standard (AS) 17, ‘Segmen t Reporting’ , issued by the Council of the Institute of Chartered Accountants of India, comes into effect in respect of accounting periods commencing on or after 1.4.2001. This Standard is mandatory in nature 2 in respect of accounting periods commencing on or after 1-4-2004 3 for the enterprises which fall in any one or more of the following categories, at any time during the accounting period: (i) Enterprises whose equity or debt securities are listed whether in India or outside India. (ii) Enterprises which are in the process of listing their equity or debt securities as evidenced by the board of directors resolution in this regard. 1 Attention is specifically drawn to paragraph 4.3 of the Preface, according to which Accounting Standards are intended to apply only to items which are material. 2 Reference may be made to the section titled ‘Announcement s of the Council regarding status of various documents issued by the Institute of Chartered Accountants of India’ appearing at the beginning of this Compendium for a detailed discussion on the implications of the mandatory status of an accounting standard. 3 AS 17 was originally made mandatory in respect of accounting periods commencing on or after 1-4-2001 for the following enterprises: (i) Enterprises whose equity or debt securities are listed on a recognised stock exchange in India, and enterprises that are in the process of issuing equity or debt securities that will be listed on a recognised stock exchange in India as evidenced by the board of directors’ resolution in this regard. (ii)
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AS 17 - 309 Accounting Standard(AS 17(issued 2000 Segment...

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