Fedorova I.Yu.Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation innaktk@mail.ru ORCID id: not available
Importance The article discusses issues of financial reporting by segment in seasonal industries in terms of a process-based approach. I also review opportunities for practical application of the proposed accounting system. Objectives In this research, I modify the process-based approach to disclosure of segments in seasonal industries. Methods I perform analysis, synthesis, systematization and generalization. Results Analyzing contemporary approaches to segment financial reporting of seasonal entities, I modify the process-based approach to disclosures of segments and propose a reporting system for such disclosures. The article also presents a form of combined financial reporting on segments in line with seasonality and fits its into the overall corporate reporting system so as to facilitate its practical use. Conclusions and Relevance It is necessary to make segment reporting of seasonal entities more informative, thus enabling users to understand the activity better. The proposed reporting system allows to disclose segments' operations in line with seasonality and process-based approach. The proposed approach becomes a solution when analysis provides unreliable results since it is based on generalized financials segregated by operational periods.
Keywords: reporting, segment, seasonality, business process
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