About applicaqbility of AS 17 -Segment Reporting
This query is : Resolved
17 March 2008
A newspaper company also operates private radio channel.
Does newspaper business and radio division are separate business segments as per AS17
Does newspaper business and radio division are separate business segments as per AS17
17 March 2008
Yes, The nature of business could be different. The management need to decide for the matter.
17 March 2008
If the management decides not to report them as different segments should audit report be qualified w.r.t non compliance of mandatory AS
17 March 2008
Both are diff in nature so he have to report seperately.
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17 March 2008
BOTH TO BE REPORTED SEPERATELY
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