CMA Sivapriya (-) (238 Points)
29 May 2016
Manish Jain
(Chartered Accountant)
(119 Points)
Replied 30 May 2016
According to AS 17, a business segment or geographical segment should be identified
as a reportable segment if:
(a) its revenue from sales to external customers and from
transactions with other segments is 10 per cent or more of the
total revenue, external and internal, of all segments; or
(b) its segment result, whether profit or loss, is 10 per cent or more
of -
(i) the combined result of all segments in profit, or
(ii) the combined result of all segments in loss,
whichever is greater in absolute amount; or
(c) its segment assets are 10 per cent or more of the total assets of all
segments.
You need to compare the segment turnover with total turnover. Please check accordingly.
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