Segmental Disclosures by Wipro & Infosys
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Abstract
Consolidated financial statements tend to hide information from external reporting. Disaggregation of the financial statement of a
company into different segments is necessary to project the transparency of its performance to the valued investors. Accordingly, an accounting standard on segment reporting has come into effect with a view to establishing guidelines for segment wise disclosure of information in annual reports and to enable investors and other parties to evaluate performance of individual segments. This paper examines segmental disclosure practices by the two leading companies viz. Wipro and Infosys and evaluates the contents of segmental disclosures in providing desired information to investors and other parties.
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References
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