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The IFRS 8 Segment Reporting Disclosure: Evidence on the Czech Listed Companies

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  • Nattarinee Kopecká

Abstract

The IFRS 8, the operating segments was converged of the IAS 14 and SFAS 131(US GAAP). It was issued in November 2006 and subsequently has been applied since 2009. The core of convergence is to reduce the differences between IAS 14 and SFAS 131. The IASB expected that a change would increase useful information for users and can be used as a single set of standard accounting for international trade. However, since the standard had been applied, it emerges advantages and disadvantages for users and entities on some issues. Particularly, internal management information issue that managers use as a compass to lead the company's strategies and it conceals behind the scenes conventionally. The paper investigates a quality of information disclosure in the Czech listed companies. The important pillar is to analyse the quality of information disclosure and the effect of applying the standard.

Suggested Citation

  • Nattarinee Kopecká, 2016. "The IFRS 8 Segment Reporting Disclosure: Evidence on the Czech Listed Companies," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2016(2), pages 5-20.
    • Handle: RePEc:prg:jnlefa:v:2016:y:2016:i:2:id:154:p:5-20
    DOI: 10.18267/j.efaj.154
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    1. Gary K Meek & Clare B Roberts & Sidney J Gray, 1995. "Factors Influencing Voluntary Annual Report Disclosures By U.S., U.K. and Continental European Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 555-572, September.
    2. Nichols, Nancy B. & Street, Donna L. & Cereola, Sandra J., 2012. "An analysis of the impact of adopting IFRS 8 on the segment disclosures of European blue chip companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 21(2), pages 79-105.
    3. Poonam Mahajan & Subhash Chander, 2007. "Corporate Disclosure Practices in Indian Software Industry: An Empirical Study," The IUP Journal of Accounting Research and Audit Practices, IUP Publications, vol. 0(2), pages 43-70, April.
    4. Herrmann, Don & Thomas, Wayne B., 1997. "Geographic segment disclosures: Theories, findings, and implications," The International Journal of Accounting, Elsevier, vol. 32(4), pages 487-501.
    5. Bernard Raffournier, 1995. "The determinants of voluntary financial disclosure by Swiss listed companies," European Accounting Review, Taylor & Francis Journals, vol. 4(2), pages 261-280.
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    Cited by:

    1. Janet Cereola, Sandra & Dynowska, Joanna, 2022. "The impact of IFRS-8, segment reporting, on the disclosure practices of Polish listed companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 47(C).

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    More about this item

    Keywords

    Chief operating decision maker (CODM); IFRS 8 Segment Reporting;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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